07:08 AM EDT, 06/23/2025 (MT Newswires) -- Global Net Lease ( GNL ) said Monday that it completed the third and final phase of its multi-tenant portfolio sale, consisting of 12 encumbered properties, to RCG Ventures for gross proceeds of about $313 million.

The company said the full portfolio sale generated approximately $1.8 billion in gross proceeds.

GNL said it plans to use the incremental net proceeds from the final phase to pay down the outstanding balance on its revolving credit facility.

The sale is expected to generate about $6.5 million in recurring annual G&A savings and reduce annual capital expenditures, the company said.