While COVID-19 has had a negative impact on many businessesglobally, the chief executive officer of New York City-based GlobalNet Lease said his company—which owns 288 properties in the UnitedStates, Canada and in Europe—is thriving.
"We are operating well and have been functioning well duringCOVID-19," CEO James Nelson tells GlobeSt.com."Our teams are working from home and managing the company. They aredoing this and refinancing and acquiring properties. It's businessas usual, despite COVID-19."
Among its latest achievements: it closed on a multi-propertyrefinancing for $76.4 million of seven properties throughoutFrance. The company entered into a loan agreement with HSBC France.The maturity date of the loan is May 14, 2025.
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Robert Storace
Robert Storace covers legal trends, lawsuits and analysis for the Connecticut Law Tribune. Follow him on Twitter @RobertSCTLaw or reach him at 203-437-5950.
