Global Net Lease, Inc. (GNL): M&A transaction — 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.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Global Net Lease, Inc. completed a disposition involving RCG Ventures Holdings, LLC for approximately $395 million in gross proceeds upon closing (closed 2025-06-10).

Action: disposition
Counterparty: RCG Ventures Holdings, LLC
Consideration: approximately $395 million in gross proceeds upon closing
Closing: 2025-06-10

Exact text from the filing

dated February 25, 2025, by and between the Sellers and Buyer. This second phase includes 28 encumbered properties (the “ Second Tranche Properties ”) generating approximately $395 million in gross proceeds upon closing. There were no material relationships, other than in respect of the sale of the second phase of the Portfolio, among the Sellers and their

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Global Net Lease, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-059364

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