NEWPORT, R.I.–(BUSINESS WIRE)–Bellevue Capital Partners, one of the largest shareholders of Global Net Lease, Inc. (NYSE: GNL), is pleased to announce the acquisition of an additional 100,000 shares of GNL. This strategic investment underscores Bellevue Capital Partners’ confidence in the company’s management and its ongoing commitment to maximizing shareholder value.
Bellevue Capital Partners is pleased with GNL’s recent communications regarding its strategic disposition plan, which includes the previously announced $854 million in asset sales this year at a cap rate of 7.2%. The sale of assets at such a favorable cap rate demonstrates GNL’s ability to navigate market conditions effectively and is a clear testament to the strength of GNL’s management team.
The lower disposition cap rate, compared to the implied cap rate for GNL, informs our strong belief in the company’s vision and strategic direction. As one of GNL’s largest shareholders, Bellevue Capital Partners remains committed to supporting management in its efforts to drive performance and create value.
About Bellevue Capital Partners, LLC
Bellevue is a leading, diversified investment, asset management and operating platform and the sole member of AR Global Investments, LLC.
