GNL closes second phase of multi-tenant portfolio sale; 28 properties for ~$400M

Global Net Lease, Inc.

Second phase sale to RCG Ventures closed June 10, 2025, generating approx. $400M in gross proceeds.
Phase 2 includes 28 encumbered properties; approx. $256M of secured debt assumed by buyer.
Net proceeds to be used to reduce outstanding balance on GNL's Revolving Credit Facility.
First phase closed March 2025 for ~$1.1B; third and final phase (12 properties) expected by end of Q2 2025.
Sale supports transformation to single-tenant portfolio and leverage reduction.

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