NEW YORK, NY – Global Net Lease Inc. completed $497.2 million in acquisitions during 2021, based on the contract purchase price of 25 properties. The publicly-traded REIT also renewed or extended 11 leases with tenants during 2021, totaling more than 1.5 million square feet.
GNL acquired the 25 properties in 2021 for $497.2 million at a going-in cap rate of 7.8% and a weighted-average cap rate of 8.9%.
Of the completed acquisitions, 85% consisted of industrial assets located in the U.S., the U.K., Canada and the Netherlands. The acquisitions had a weighted average cap rate of 8.9% and a weighted average remaining lease term of 17.2 years.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
