{"id":1004149801,"date":"2016-08-09T06:32:44","date_gmt":"2016-08-09T14:32:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004149801"},"modified":"2020-04-15T10:46:36","modified_gmt":"2020-04-15T18:46:36","slug":"global-net-lease-acquisition-to-create-3-3b-mega-reit","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/global-net-lease-acquisition-to-create-3-3b-mega-reit\/","title":{"rendered":"Global Net Lease Acquisition to Create $3.3B Mega-REIT"},"content":{"rendered":"

By Bogdan Odagescu, Associate Editor<\/em><\/p>\n

\"ING<\/a>

ING Bank in Amsterdam, an American Realty Capital Global Trust II property<\/p><\/div>\n

New York<\/strong>\u2014Global Net Lease Inc.<\/a>\u00a0(GNL)\u00a0is set to acquire\u00a0American Realty Capital Global Trust II<\/a>, the two companies\u00a0announced upon both of their board of directors unanimous approval. The\u00a0acquisition\u00a0will create a global mega-REIT with an enterprise value of approximately $3.3 billion. Upon closing, Global II shareholders will own a 14 percent slice of the resulting company.<\/p>\n

By acquiring the outstanding common stock of Global II for approximately $247 million, GNL will put together two net lease portfolios with a combined 345 properties with 99 tenants. The resulting asset base\u2014with properties in the U.S. and six European countries\u2014will comprise approximately 23 million square feet. The combined occupancy rate of the portfolio is almost 100 percent.<\/p>\n

\u201cThis transaction represents the realization of our targeted acquisition plan for 2016 and 2017, accelerating our growth,” said Scott Bowman, president & CEO of GNL, in a prepared statement. Global II shareholders will receive 2.27 shares of GNL for every share of their common stock.<\/p>\n

UBS Investment Bank served as GNL’s financial advisor, while Shapiro Sher Guinot & Sandler and Proskauer Rose LLP provided legal counsel. BMO Capital Markets and Miles & Stockbridge P.C. assisted Global II with financial and legal counsel, respectively.<\/p>\n

Stay with CPE for more updates on the story<\/a>. <\/em><\/p>\n

Image courtesy of American Realty Capital Global Trust II<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The move will combine two portfolios comprising 23 million square feet.<\/p>\n","protected":false},"author":740,"featured_media":1004149804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21743,21808,16,21783,23891,21742],"tags":[],"class_list":["post-1004149801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-deals","category-featured","category-international","category-investment","category-national","category-latest"],"acf":[],"yoast_head":"\nGlobal Net Lease Acquisition to Create $3.3B Mega-REIT - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/global-net-lease-acquisition-to-create-3-3b-mega-reit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Net Lease Acquisition to Create $3.3B Mega-REIT\" \/>\n<meta property=\"og:description\" content=\"The move will combine two portfolios comprising 23 million square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/global-net-lease-acquisition-to-create-3-3b-mega-reit\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-09T14:32:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-15T18:46:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/ING-Bank-in-Amsterdam-an-American-Realty-Capital-Global-Trust-II-property.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1140\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bogdan Odagescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/global-net-lease-acquisition-to-create-3-3b-mega-reit\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/global-net-lease-acquisition-to-create-3-3b-mega-reit\/\",\"name\":\"Global Net Lease Acquisition to Create $3.3B Mega-REIT - 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