Global Net Lease, Inc. (NYSE: GNL) announced today that as of April 28, 2021 the Company has closed on five properties for a contract purchase price of $249.8 million1 since the beginning of the year, including the previously announced acquisition of the McLaren Group headquarters in Woking, Surrey, England. The acquisitions were completed at a going-in capitalization rate2 of 9.1% and had a weighted average remaining lease term of 19.4 years at closing.
“We are off to a strong start to 2021 and have already acquired nearly a quarter-billion dollars of high-quality, mainly industrial assets year to date,” said James Nelson, CEO of GNL “The year to date acquisitions, at attractive cap rates and terms, will continue GNL’s growth trajectory and the long weighted-average lease duration of these assets are expected to further enhance our high quality portfolio.”
About Global Net Lease, Inc.
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com.
