10:18 AM EDT, 06/11/2024 (MT Newswires) -- Net Lease Office Properties ( NLOP ) said Tuesday it sold two office properties leased to BCBSM for $60.7 million in gross proceeds.

The real estate investment trust said it used the net proceeds to repay about $48 million on J.P. Morgan's senior secured mortgage and $8 million on its mezzanine loan.

Net Lease Office Properties ( NLOP ) shares were up over 5% in recent trading.

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