RTL - Mergers and acquisitions

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

NEW YORK, April 25, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL" or the "Company") announced today that it has completed six property sales for a total of $72.4 million since the beginning of the year, including sales previously announced. Additionally, the Company announced that it has a disposition pipeline that includes the sale of three properties for $5.4 million that are subject to definitive purchase and sale agreements ("PSAs") and 46 properties for a total of $103.7 million for which non-binding letters of intent ("LOIs") have been signed. Combined, the completed dispositions plus pipeline total $181.5 million in property sales. The net proceeds generated

NEW YORK, April 21, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL" or the "Company") announced today that it completed 996,000 square feet of multi-tenant leasing activity during the quarter ended March 31, 2023. The Company signed 26 new leases totaling nearly 274,000 square feet and generating over $4 million in annualized straight-line rent. Additionally, the Company signed 44 lease renewals totaling over 722,000 square feet and over $7 million in annualized straight-line rent. "We continue to find success in our asset management strategy, leasing

NEW YORK, Feb. 28, 2023 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL" or the "Company") announced today that it closed on the sale of four properties leased to Stop & Shop in Massachusetts and Rhode Island for a total of $70 million. "The sale of this portfolio is an example of our commitment to strategically dispose of assets that have reached their full value, as demonstrated by the favorable pricing we received," said Michael Weil, CEO of RTL. "The net proceeds generated by this sale will be used to further reduce debt as we continue to execute on our

Leases Over Two Million Square Feet in 2022 NEW YORK, Dec. 21, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL" or the "Company") announced today that it has closed on four property sales for $1.6 million and it expects to close on four additional property sales for $72.8 million in the fourth quarter of 2022. For the year ended December 31, 2022, RTL will have disposed of 27 properties for a total contract sales price of $405.4 million, including the four properties expected to close by year end. Additionally, the Company also announced that it signed

NEW YORK, Aug. 9, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL") announced today that its CEO Michael Weil will discuss How The Retail Renaissance and The Necessity Retail REIT can Add Current Income to Your Portfolio in a stand-alone presentation during the upcoming August 9 – 11, 2022 MoneyShow Accredited Investors Virtual Expo. Mr. Weil will present at 3:55pm eastern on August 9, 2022. Registration for the conference is free. A link to register is provided below: https://online.moneyshow.com/2022/august/accredited-virtual-expo/speakers/dcf663cbd35

93 Properties Closed Year-to-Date, Growing Necessity Retail Portfolio to $5.3 Billion of Real Estate Grocery-Anchored Centers Grow to 22%1 of Multi-Tenant Portfolio, 57% of Straight-Line Rent1 Derived From Properties in Sunbelt States NEW YORK, July 11, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL" or the "Company") announced today that the Company, through its operating partnership, completed the final acquisition from the previously announced agreement to acquire a portfolio of 81 Power, Anchored and Grocery Centers from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.3 billion including debt assumed of $356 million. The Company also announced

NEW YORK, June 20, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL") announced today that its CEO, Michael Weil will discuss The Retail Renaissance – Why You Should Consider a REIT Focused on Necessity Retail in a stand-alone presentation during the upcoming MoneyShow Virtual Expo. Mr. Weil will present at 2:40pm eastern on June 22, 2022. Registration for the conference is free. A link to register is provided below: https://online.moneyshow.com/2022/june/virtual-expo/speakers/dcf663cbd3544b3aa42762776eb9fb69/michael-weil/?scode=056873 About The Necessit

-          80 Properties Closed Year-to-Date for $1.2 Billion - -          Final $65 Million Property Expected to Close Upon Completion of Loan Assumption - NEW YORK, May 31, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL" or the "Company") announced today that the Company, through its operating partnership, completed the acquisition of The Plant, a 509,000 square foot open-air shopping center in San Jose, CA for approximately $175.0 million, excluding closing costs. The closing is the sixth tranche from the previously announced agreement to acquire a portfolio of 81 Power, Anchored and Grocery Centers1 from certain subsidiaries of CIM Real Estate Finance Trust, Inc

- 79 Properties Acquired Year-to-Date for $1.1 Billion - - Two Properties Representing Approximately $200 Million Expected to Close Upon Completion of Loan Assumptions by End of Second Quarter - NEW YORK, May 2, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL" or the "Company") announced today that the Company, through its operating partnership, completed the acquisition of 23 open-air shopping centers for a $277.8 Million, excluding closing costs. The closing is the fourth and fifth tranche from the previously announced agreement to acquire a portfolio of 81 Power, Anchored and Grocery Centers1 from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.

NEW YORK, March 28, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL") announced today that Michael Weil, its CEO, was a presenter at the MoneyShow Virtual Expo held from March 22, 2022 to March 24, 2022.  During the conference Mr. Weil discussed The Necessity Retail REIT in both standalone and panel presentations.  A link to the virtual standalone presentation – The Retail Renaissance – Why You Should Consider a REIT Focused on Necessity Retail - is provided below: March 22nd Presentation during the March 22-24, 2022 MoneyShow Virtual Expowww.youtube.co

NEW YORK, Feb. 28, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (NASDAQ:RTL) ("RTL" or the "Company") announced today that the Company, through its operating partnership, completed the acquisition of 10 open-air shopping centers for a total of $220.8 Million, excluding closing costs (the "Closing"). The Closing is the second tranche of acquisitions from the previously announced definitive agreement to acquire a portfolio of 79 Power, Anchored and Grocery Centers and two single tenant properties (the "Transaction") from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.3 billion. To date, the Transaction is over 58% complete based on contract purchase price.