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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241112262590/en/
Contacts
cparker@bellevuecap.com
212-415-6500
