Global Net Lease closes $535 million Modiv acquisition

• Global Net Lease (NYSE:GNL) closed a $535 million acquisition of Modiv Industrial to acquire its net-lease properties across the United States.
• The transaction was completed via a stock exchange at a ratio of 1.975 newly issued shares alongside a $25 cash payout for preferred stock.
• The company stated the deal will enhance long-term cash flow durability by pushing industrial assets to approximately 50% of total straight-line rent.

Global Net Lease (NYSE:GNL) closed its acquisition of Modiv Industrial to integrate a $535 million portfolio of industrial net-lease properties across the United States.

This transaction accelerates a strategic shift by pushing industrial assets to account for approximately 50% of the combined portfolio's total straight-line rent.

The company stated the Modiv deal is expected to directly enhance portfolio quality, diversification, and long-term cash flow durability.

Under the exact financial terms executed on August 12, each Modiv common share was exchanged for 1.975 newly issued shares of the acquiring entity.

Modiv preferred shareholders received exactly $25 per share in cash plus all accrued and unpaid dividends to finalize their specific financial payouts.

The international law firm Greenberg Traurig coordinated a multidisciplinary team across real estate, corporate, tax, and capital markets practices to execute the complex transaction.