### Global Net Lease to Sell Multi-Tenant Portfolio for $1.8 Billion
Global Net Lease, Inc. (GNL) has announced a binding agreement to sell its portfolio of 100 non-core multi-tenant properties to a subsidiary of RCG Ventures Holdings, LLC for approximately $1.8 billion. The sale, set at an 8.4% cash cap rate, is a key step in GNL’s strategy to accelerate its deleveraging efforts and reposition itself as a pure-play, single-tenant net lease company.
GNL initiated its strategic disposition plan in 2024 to reduce debt, enhance financial flexibility, and lower its cost of capital. With the completion of this transaction, the company expects to reach nearly $3 billion in total dispositions by the end of 2025.
“We believe the proposed sale of our multi-tenant portfolio is a strategic and prudent decision that will strengthen our balance sheet and position GNL for continued success,” said Michael Weil, CEO of GNL. “This transaction significantly reduces operational complexities, general and administrative expenses, and capital expenditures associated with multi-tenant retail properties.”
### **Pictured:** Fountain Square in Brookfield, WI – one of the multi-tenant properties included in the sale.
