GNL - Mergers and acquisitions

Bellevue Capital Partners, one of the largest shareholders of Global Net Lease, Inc. (NYSE:GNL), announces the acquisition of an additional 100,000 shares of GNL. This strategic investment reemphasizes Bellevue Capital Partners' confidence in the company's management and its execution of its previously announced strategic plan. Bellevue Capital Partners is encouraged by GNL's recent communications regarding its strategic disposition plan, which includes the recently announced $950 million in asset sales this year at a cap rate of 7.1%. The execution of this strategy is a testament to GNL and its management team's ability to navigate market conditions effectively and execute on their annou

Bellevue Capital Partners, one of the largest shareholders of Global Net Lease, Inc. (NYSE:GNL), is pleased to announce the acquisition of an additional 100,000 shares of GNL. This strategic investment underscores Bellevue Capital Partners' confidence in the company's management and its ongoing commitment to maximizing shareholder value. Bellevue Capital Partners is pleased with GNL's recent communications regarding its strategic disposition plan, which includes the previously announced $854 million in asset sales this year at a cap rate of 7.2%. The sale of assets at such a favorable cap rate demonstrates GNL's ability to navigate market conditions effectively and is a clear testament to

SEATTLE, Jan. 30, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE:JWN) announced plans to open two new Nordstrom Rack stores in North Carolina. The new stores will be located in Raleigh and Matthews, which will open in fall 2024 and spring 2025, respectively. "We look forward to being a part of the Raleigh and Matthews communities and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack Stores. "We're excited to grow our footprint in these regions and introduce new customers to the Nordstrom experience." Lionello added that in these new locations, "customers will be able to take advantage o

NEW YORK, Aug. 31, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL" or the "Company") announced today that, through its subsidiaries, the Company completed a $260 million commercial mortgage-backed security loan (the "Loan") encumbered by 29 multi-tenant properties the Company owns across the United States. The Loan has a 10-year term and is interest-only at 6.45%. We were able to achieve this rate even though today's rates are higher, by using a SOFR swap lock of 3.54% which we proactively put in place approximately one month before completing this loa

Highlights Efficiencies, Scale and Significant Governance Overhauls  Nominated Directors of GNL and RTL Were Re-Elected by Shareholders Following the Merger Announcement with 85% GNL Shareholder Participation and 75% RTL Shareholder Participation in 2023 Annual Meeting  Boards Recommend Stockholders to Vote "FOR" proposals at Special Meetings on September 8, 2023 NEW YORK, Aug. 28, 2023 /PRNewswire/ -- Global Net Lease Inc. (NYSE:GNL) ("Global Net Lease" or "GNL") and The Necessity Retail REIT Inc. (NASDAQ:RTL) ("Necessity Retail REIT" or "RTL") today released an investor presentation highlighting the significant benefits of the proposed merger between GNL and RTL, and the ensuing eliminatio

Special Meetings Scheduled for September 8, 2023 Merger Expected to Close in September 2023 NEW YORK, July 19, 2023 /PRNewswire/ -- Global Net Lease, Inc. ("GNL" or "the Company") (NYSE:GNL) and The Necessity Retail REIT, Inc. (NASDAQ:RTL, ", RTL", ))) announced today that the U.S. Securities and Exchange Commission ("SEC") has declared effective the Registration Statement on Form S-4 (the "Registration Statement") of GNL in connection with its previously announced proposed merger with RTL and internalization of management, and the details of a special meeting for stockholders of each company on September 8, 2023.

Agreement Follows Substantial Governance Changes at GNL and RTL That Will Ensure Combined Company Operates with Best in Class Practices Blackwells to Vote in Favor of Merger and Internalization Transactions at the GNL Special Meeting; Settles All Previous Proxy Contests and Litigation RTL and GNL 2023 Shareholder Annual Meetings to Proceed Uncontested; Blackwells to Support Companies' Nominees Global Net Lease Inc. (NYSE:GNL, ", GNL", ))) and The Necessity Retail REIT Inc. (NASDAQ:RTL, ", RTL", ))) – together with their respective advisors and property managers and AR Global – today announced that they have entered into a cooperation agreement (the "Cooperation Agreement") with Blackw

GNL Post-closing Will Be Third Largest Publicly Traded Net Lease REIT with a Global Presence Adopts Enhanced Corporate Governance Practices; Internalization of Management to Support Scaled Platform Approximately $75 Million in Expected Cost Synergies and Internalization Savings All-Stock Transaction Projected to be More Than 9% Accretive to GNL Q1'23 AFFO Per Share NEW YORK, May 23, 2023 /PRNewswire/ -- Global Net Lease Inc. (NYSE:GNL, ", GNL", ))) and The Necessity Retail REIT Inc. (NASDAQ:RTL, ", RTL", ))) announced today that they have entered into a definitive merger agreement (the "Merger Agreement"), under which GNL will acquire RTL in an all-stock transaction (the "Merger"). GNL and R