Global Net Lease Sells Americold Portfolio for $170 Million

• 7.88% Cash Cap Rate on 3.3 Years of Weighted Average Remaining Lease Term - Part of the Previously Announced $567 Million of Closed and Disposition Pipeline at a Cash Cap Rate of 7.2% "We believe the sale of this portfolio not only reduces risk within our portfolio by eliminating uncertainty around tenant renewals but also extends our weighted average remaining lease term," said Michael Weil, CEO of GNL. "We intend to use the net sale proceeds of this disposition to strategically pay down existing debt, a ...