Bellevue Capital Partners Acquires Additional 100,000 Shares of Global Net Lease, Inc. (GNL)
November 13 2024 - 6:00AM
Business Wire
Bellevue Capital Partners, one of the largest shareholders of
Global Net Lease, Inc. (NYSE: GNL), announces the acquisition of an
additional 100,000 shares of GNL. This strategic investment
reemphasizes Bellevue Capital Partners' confidence in the company's
management and its execution of its previously announced strategic
plan.
Bellevue Capital Partners is encouraged by GNL’s recent
communications regarding its strategic disposition plan, which
includes the recently announced $950 million in asset sales this
year at a cap rate of 7.1%. The execution of this strategy is a
testament to GNL and its management team’s ability to navigate
market conditions effectively and execute on their announced
strategy.
The continued, demonstrated execution of their disposition
strategy at competitive cap rates 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/20241112262590/en/
cparker@bellevuecap.com 212-415-6500
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