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National  + Net Lease  |  June 16, 2025
Paul Bubny
By: Paul Bubny

Global Net Lease Completes Second Phase of Multi-Tenant Portfolio Sale

Global Net Lease, Inc. (GNL) closed on the second phase of the sale of its multi-tenant portfolio to RCG Ventures, LLC, including 28 encumbered properties. The second phase generated approximately $400 million in gross proceeds upon closing. The first phase closed in March at $1.1 billion.

“The successful closing of the second phase of our multi-tenant portfolio sale is another important step in GNL’s transformation,” said Michael Weil, CEO of GNL. “The overall initiative reflects our commitment to executing our strategic plan, specifically lowering leverage and completing the transformation to a dedicated single-tenant portfolio, reinforcing our balance sheet and maintaining strong liquidity.”

GNL remains on track to complete the third and final phase of the multi-tenant portfolio sale, consisting of 12 encumbered properties, by the end of the second quarter. Net proceeds from the final two phases are expected to go toward reducing leverage.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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