Global Net Lease (GNL) has entered into a binding agreement to sell its multi-tenant portfolio of 100 non-core properties to a subsidiary of RCG Ventures Holdings for approximately $1.8 billion at an 8.4% cash cap rate. GNL received a $25 million non-refundable deposit from RCG at signing of the binding agreement. The transaction is expected to close in three phases.
GNL expects to use the net proceeds from the multi-tenant portfolio sale to significantly reduce the outstanding balance on Revolving Credit Facility. The Board concurrently has approved a share repurchase program authorizing the company to opportunistically repurchase up to $300 million of its outstanding common stock.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.