{"id":294804,"date":"2023-05-24T11:56:37","date_gmt":"2023-05-24T15:56:37","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=294804"},"modified":"2023-05-24T12:39:15","modified_gmt":"2023-05-24T16:39:15","slug":"global-net-lease-and-the-necessity-retail-reit-to-merge-creating-sector-leading-diversified-net-lease-reit","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/global-net-lease-and-the-necessity-retail-reit-to-merge-creating-sector-leading-diversified-net-lease-reit\/","title":{"rendered":"Global Net Lease and The Necessity Retail REIT to Merge, Creating Sector-Leading Diversified Net Lease REIT"},"content":{"rendered":"<h1>Global Net Lease and The Necessity Retail REIT to Merge, Creating Sector-Leading Diversified Net Lease REIT<\/h1>\n<p>May 23, 2023 | The Necessity Retail REIT, Inc. and Global Net Lease, Inc.<\/p>\n<p>Global Net Lease Inc. (NYSE:&nbsp;GNL, &#8220;GNL&#8221;) and The Necessity Retail REIT Inc. (NASDAQ:&nbsp;RTL, &#8220;RTL&#8221;) announced today that they have entered into a definitive merger agreement (the &#8220;Merger Agreement&#8221;), under which GNL will acquire RTL in an all-stock transaction (the &#8220;Merger&#8221;). GNL and RTL have also entered into a definitive agreement that will result in the combined entity becoming internally managed, with the external asset and property management functions currently performed by affiliates of AR Global, LLC (the &#8220;External Manager&#8221;) being internalized (the &#8220;Internalization,&#8221; together with the Merger, the &#8220;Transactions&#8221;). The combined internally managed company, which will operate as Global Net Lease (&#8220;GNL Post-closing&#8221;), is expected to own and manage over 1,350 properties and have an aggregate real estate asset value of approximately&nbsp;$9.6 billion&nbsp;at the closing of the Transactions.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat\" style=\"background-color: #33809e; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/global-net-lease-and-the-necessity-retail-reit-to-merge-creating-sector-leading-diversified-net-lease-reit-301832891.html#:~:text=NEW%20YORK%2C%20May%2023%2C%202023,(the%20%22Merger%22).\">\u2261Continue Reading&nbsp;<\/a><\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Global Net Lease Inc. (NYSE:\u00a0GNL, &#8220;GNL&#8221;) and The Necessity Retail REIT Inc. (NASDAQ:\u00a0RTL, &#8220;RTL&#8221;) announced today that&#8230;<\/p>\n","protected":false},"author":3276,"featured_media":169020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-article.php","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2963],"tags":[],"class_list":["post-294804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-merger"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global Net Lease and The Necessity Retail REIT to Merge, Creating Sector-Leading Diversified Net Lease REIT - Blue Vault<\/title>\n<meta name=\"description\" content=\"Global Net Lease Inc. (NYSE:\u00a0GNL, &quot;GNL&quot;) and The Necessity Retail REIT Inc. 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