Global Net Lease, Inc. announced on March 26, 2025, the successful closing of the first phase of its multi-tenant portfolio sale to RCG Ventures, LLC. This initial phase, completed on March 25, 2025, included 59 unencumbered properties.
The closing generated approximately $1.1 billion in gross proceeds. GNL intends to use these net proceeds to significantly reduce leverage and pay down the outstanding balance on its Revolving Credit Facility.
This milestone accelerates GNL's deleveraging plan and further strengthens its balance sheet and liquidity. The company remains on schedule to complete the sale of the remaining 41 encumbered properties in two additional phases by the end of the second quarter of 2025.
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