In a market experiencing unprecedented change, parties involved in high-stakes real estate deals need a steady, trusted hand to guide them. The Paul, Weiss Real Estate Practice leverages a history of executing every kind of real estate property transaction and unparalleled business and legal acumen to help the most complex projects succeed amid volatile economic conditions.
Global Net Lease to Sell Multi-Tenant Portfolio in $1.8 Billion Deal
- Client News
- February 26, 2025
Paul, Weiss is advising Global Net Lease, Inc., (GNL) on the sale of its portfolio of 100 non-core multi-tenant shopping center properties to a subsidiary of RCG Ventures Holdings, LLC, for approximately $1.8 billion, reflecting an 8.4% cash capitalization rate. The transaction accelerates GNL’s deleveraging initiative and positions the company as a pure-play, single-tenant net lease company.
The Paul, Weiss team is led by partners Jeffrey Marell and Peter Fisch and includes real estate partner Ida Nowaid and tax partner Scott Sontag.