Global Net Lease closes final phase of multi-tenant sale, generating $313M; total proceeds $1.8B

Global Net Lease, Inc.

Third and final phase includes 12 encumbered properties with ~$313M gross proceeds.
Total gross proceeds from full portfolio sale reach $1.8B.
Net proceeds to be used to pay down Revolving Credit Facility, reducing leverage.
Company transitions to pure-play single-tenant net lease REIT, expects ~$6.5M annual G&A savings.
CEO says sale strengthens balance sheet and supports investment-grade credit rating goal.

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