trending Market Intelligence /marketintelligence/en/news-insights/trending/iqkhtgup7wk5zfoevzksog2 content esgSubNav
In This List

Global Net Lease closes on $105M of purchases in Q3

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet


Global Net Lease closes on $105M of purchases in Q3

Global Net Lease Inc. completed the $105.4 million purchase of four properties, spanning about 1.3 million square feet, in the third quarter.

The assets are in New York; Allen, Texas; Akron, Ohio; and Greenville, N.C.

The net-lease real estate investment trust financed the purchase through amounts drawn under its revolving credit facility and cash on hand, including proceeds from a 4 million-share common stock offering.

The company's pipeline of closed and scheduled-to-close purchases in 2018 sat at $401 million at the end of the quarter, with $266.4 million of completed acquisitions and a further $134 million to close by the end of the fourth quarter.