Mergers & Acquisitions ·
Global Net Lease, Inc. completed its acquisition of Modiv Industrial, Inc. on August 12, 2026, pursuant to a merger…
GNL-PAGlobal Net Lease, Inc.
Global Net Lease, Inc. completed its acquisition of Modiv Industrial, Inc. on August 12, 2026, pursuant to a merger agreement dated May 3, 2026. The transaction was valued at approximately $544 million, consisting of equity consideration and cash used to repay Modiv's existing debt and preferred stock. Modiv shareholders received 1.975 newly issued shares of GNL Common Stock for each share of Modiv Class C Common Stock held. GNL repaid Modiv’s $23.7 million in mortgage notes, a $250 million credit facility term loan, and its Series A Preferred Stock using proceeds from GNL's revolving credit facility. The filing includes unaudited pro forma financial statements reflecting the combined entity as of June 30, 2026. Global Net Lease operates as a real estate investment trust that acquires and leases commercial properties.