Global Net Lease sells portfolio of 100 non-core properties for $1.8B

Global Net Lease (GNL) announced that it has entered into a binding agreement to sell its multi-tenant portfolio of 100 non-core properties to a subsidiary of RCG Ventures Holdings, LLC for approximately $1.8B at an 8.4% cash cap rate. This transformative transaction would accelerate GNL’s deleveraging initiative and position the company as a pure-play, single-tenant net lease company.