Global Net Lease said it acquired six properties in the U.S. for $48.7 million, excluding transaction-related costs, at a weighted average capitalization rate of 8.16%, subsequent to the second quarter.
The real estate investment trust also agreed to buy three U.S. net lease properties for about $25.2 million at a weighted average capitalization rate of 10.89%, and signed nonbinding letters of intent for the purchase of four net-lease properties in the U.S. for a combined $62.7 million at a weighted average capitalization rate of 6.83%.
After the second quarter, the company signed definitive agreements for the sale of one net lease property in the U.S. and three others in Germany. The U.S. property will be sold for about $13.0 million, while the German assets will be sold for €135.0 million.
Global Net Lease also signed a nonbinding letter of intent to dispose of 32 U.S. properties for a total of about $40.0 million. All the assets are leased to Family Dollar.