August 9, 2016 Comments Off on Global Net Lease Strikes Acquisition Deal Valued at $3.3B Views: 291 National News, New York, Northeast

Global Net Lease Strikes Acquisition Deal Valued at $3.3B

Global Net Lease Inc. has entered into a definitive agreement to acquire all outstanding stock of American Realty Capital Global Trust II Inc. for approximately $247 million. The resulting net real estate investment trust will end up with an expected enterprise value of approximately $3.3 billion.

Global Net Lease and Global Trust II are New York City-based REITs dedicated to acquiring international portfolios, with an emphasis on sale-leaseback transactions involving single tenants. The merger, anticipated to close before the end of this year, is expected to boost scale and benefit portfolio metrics for both companies.

Read More at PR Newswire

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