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Global Net Lease acquires $535M Modiv Industrial portfolio, boosting industrial real estate holdings.

Company Fundamentals
25 Aug 2026, 03:10 WIB
PRNewsWire
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Bullish
Global Net Lease acquires $535M Modiv Industrial portfolio, boosting industrial real estate holdings.

Global Net Lease, Inc. completed the acquisition of Modiv Industrial, Inc., adding a $535 million portfolio of industrial net-lease properties across the U.S. This deal, finalized on August 12, increases GNL's industrial real estate assets to about 50% of its total rent, enhancing portfolio quality, diversification, and long-term cash flow stability. Modiv shareholders received GNL shares or cash with dividends as part of the transaction. The acquisition supports GNL's strategy to grow and strengthen its industrial real estate presence.

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