Bellevue Capital Partners Acquires Additional 100,000 Shares of Global Net Lease, Inc. (GNL)
03 October 2024 - 9:00PM
Business Wire
Bellevue Capital Partners, one of the largest shareholders of
Global Net Lease, Inc. (NYSE: GNL), is pleased to announce the
acquisition of an additional 100,000 shares of GNL. This strategic
investment underscores Bellevue Capital Partners' confidence in the
company's management and its ongoing commitment to maximizing
shareholder value.
Bellevue Capital Partners is pleased with GNL’s recent
communications regarding its strategic disposition plan, which
includes the previously announced $854 million in asset sales this
year at a cap rate of 7.2%. The sale of assets at such a favorable
cap rate demonstrates GNL’s ability to navigate market conditions
effectively and is a clear testament to the strength of GNL’s
management team.
The lower disposition cap rate, compared to the implied cap rate
for GNL, informs our strong belief in the company's vision and
strategic direction. As one of GNL’s largest shareholders, Bellevue
Capital Partners remains committed to supporting management in its
efforts to drive performance and create value.
About Bellevue Capital Partners, LLC
Bellevue is a leading, diversified investment, asset management
and operating platform and the sole member of AR Global
Investments, LLC.
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version on businesswire.com: https://www.businesswire.com/news/home/20241003543528/en/
cparker@bellevuecap.com 212-415-6500
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