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Global Net Lease Deal to Acquire Sister REIT Moves Ahead

September 28, 2016

Global Net Lease Deal to Acquire Sister REIT Moves Ahead

Stock Transaction Creates Combined Net Lease REIT with $3.3 Billion Enterprise Value

September 26, 2016 | By Mark Heschmeyer | CoStar

Global Net Lease Inc.’s (NYSE:GNL) proposed acquisition of all of the outstanding common stock of non-traded REIT American Realty Capital Global Trust II Inc. looks clear to move ahead.

The all-stock deal is valued at $247 million including assumed debt and will be paid in GNL common shares.

The combination will result in another former non-traded REIT exiting the sector. The REITs will retain the Global Net Lease name and trade on the New York Stock Exchange under the ticker symbol “GNL” with an expected enterprise value of approximately $3.3 billion. GNL’s management team will run the combined company.

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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
July 7, 2015

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.