Global Net Lease closes second phase of $395 million multi-tenant portfolio sale
Global Net Lease said it closed the second phase of its multi-tenant portfolio sale on June 10, 2025, selling 28 encumbered properties to an affiliate of RCG Ventures Holdings for about $395 million in gross proceeds. The buyer assumed $256.3 million of secured debt, and the company said proceeds from the final two phases will be used to pay down its revolving credit facility. The third and final phase, covering 12 properties, is expected to close by the end of the second quarter of 2025.
Key points
- Second phase closed June 10, 2025, covering 28 encumbered properties.
- About $395 million in gross proceeds; buyer assumed $256.3 million of secured debt.
- Third and final phase of 12 properties expected by end of Q2 2025; base purchase price across the agreement is about $1.780 billion.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 13, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.