- Global Net Lease (GNL, Financial) completes second phase of portfolio sale for $400 million.
- First phase closed in March 2025, generating $1.1 billion in proceeds.
- Proceeds targeted to reduce leverage by paying down GNL's Revolving Credit Facility.
Global Net Lease, Inc. (GNL) has officially concluded the second phase of its strategic multi-tenant portfolio sale to RCG Ventures, LLC. This transaction, finalized on June 10, 2025, involved the sale of 28 encumbered properties and resulted in gross proceeds of approximately $400 million.
The company is progressing towards completing the third and final phase of the portfolio sale, which includes 12 encumbered properties. GNL aims to finalize this phase by the end of the second quarter of 2025.
The initial phase, wrapped up in March 2025, successfully brought in around $1.1 billion in gross proceeds. The cumulative net proceeds from these phases are earmarked for reducing GNL's leverage by settling the outstanding balance on its Revolving Credit Facility.
Michael Weil, CEO of GNL, emphasized the importance of these sales as part of the company's transformation toward a dedicated single-tenant portfolio. This move is designed to fortify GNL's balance sheet and ensure strong liquidity, paving the way for long-term growth and a robust capital structure.
For more information about Global Net Lease, Inc. and its real estate investment activities, visit their official website.
