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confidence medium
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materiality 0.30
Net Lease Office Properties releases supplemental financial info for FY 2023; details spin-off and financing structure
Net Lease Office Properties
- Spin-off of 59 office properties from W. P. Carey completed November 1, 2023.
- $335.0M senior secured mortgage loan and $120.0M mezzanine loan outstanding.
- Definitions provided for REIT, ABR, WALT, and other key terms.
- Supplemental info includes unaudited data at December 31, 2023 (no specific figures in excerpt).