Global Net Lease, Inc. announced on June 11, 2025, the successful closing of the second phase of its multi-tenant portfolio sale to RCG Ventures, LLC. This phase, completed on June 10, 2025, included 28 encumbered properties.
The second phase generated approximately $400 million in gross proceeds upon closing. The incremental net proceeds from this and the final phase are expected to be used to reduce leverage by paying down the outstanding balance on GNL's Revolving Credit Facility.
GNL remains on track to complete the third and final phase of the multi-tenant portfolio sale, consisting of 12 encumbered properties, by the end of the second quarter of 2025. This continued progress reinforces the company's commitment to its strategic plan and strengthening its capital structure.
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