Greenberg Traurig Advises Global Net Lease on $535M Modiv Industrial Acquisition

Rhea-AI Summary

Greenberg Traurig advised Global Net Lease (NYSE: GNL) on its completed acquisition of Modiv Industrial, adding a $535 million portfolio of industrial net-lease properties across the United States. The transaction closed on August 12 and supports GNL’s strategy of expanding its industrial real estate exposure.

According to Global Net Lease, industrial assets now account for approximately 50% of total straight-line rent, with the Modiv deal expected to enhance portfolio quality, diversification, and long-term cash flow durability. Under the terms, each Modiv common share was exchanged for 1.975 newly issued GNL shares, while Modiv preferred shareholders received $25 per share in cash plus accrued and unpaid dividends. Greenberg Traurig coordinated a multidisciplinary team across real estate, REIT, corporate, tax, and capital markets practices to execute the transaction.

Positive

• $535 million U.S. industrial net-lease portfolio added through Modiv acquisition
• Industrial assets now about 50% of GNL total straight-line rent
• All Modiv common shares exchanged into 1.975 newly issued GNL shares each
• Preferred shareholders cashed out at $25 per share plus accrued dividends

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, Aug. 24, 2026 /PRNewswire/ -- Global law firm Greenberg Traurig, LLP represented Global Net Lease, Inc. (NYSE: GNL) in its acquisition of Modiv Industrial, Inc., helping the company add a $535 million portfolio of industrial net-lease properties across the United States.

The transaction, completed on August 12th, advances GNL's strategy of increasing its industrial real estate portfolio, with such assets now representing approximately 50% of total straight-line rent, while enhancing portfolio quality, diversification, and long-term cash flow durability, the company said in a statement.

Under the terms of the transaction, each Modiv common share was exchanged for 1.975 newly issued GNL shares, while preferred shareholders received an amount in cash equal to $25 per share plus accrued and unpaid dividends.

"GNL continues to execute on a thoughtful strategy to strengthen and grow its portfolio, and we were pleased to help the company achieve another important milestone through this acquisition," Co-Chair of Greenberg Traurig's Real Estate Investment Trusts (REITs) Practice Joseph A. Herz and Orlando office Co-Managing Shareholder Jonathan M. Perry said in a statement. "Transactions of this scale require seamless coordination across multiple disciplines, and our team was able to draw on Greenberg Traurig's deep bench of real estate, REIT, corporate, tax, capital markets, and related practitioners nationwide. That collaborative approach allowed us to provide integrated counsel and help GNL efficiently advance its business objectives."

The Greenberg Traurig team was led by Herz, Perry, and Co-President Michael J. Baum in Chicago, and also included Shareholders Hannah Caplan in Denver, Timothy W. Donovan in New York, Bradley R. Marsh in San Francisco, Thomas R. Martin in Miami, and Win Rutherfurd in Boston, as well as Of Counsels Tingying (Diana) Liu in San Francisco and Ryan Reimers in Charlotte. Other team members included Associates Samuel Weinstein Astorga, John Diamandis, Giselle Fiestan, Elena Joffroy, Tyler Kendrick, Kaiyu (Connie) Keng, Riley K. Morrow, Jonathan R. Pickett, Andre A. Rodrigues, and Ali Sachoo.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 3,200 lawyers across 51 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm's broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries. Recognized as a 2025 BTI "Best of the Best Recommended Law Firm" by general counsel for trust and relationship management, Greenberg Traurig is consistently ranked among the top firms on the Am Law Global 100, NLJ 500, and Law360 400. Greenberg Traurig is also known for its philanthropic giving, culture, innovation, and pro bono work. Web: www.gtlaw.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/greenberg-traurig-advises-global-net-lease-on-535m-modiv-industrial-acquisition-302858807.html

SOURCE Greenberg Traurig, LLP

FAQ

What did Global Net Lease (NYSE: GNL) acquire from Modiv Industrial in August 2026?

Global Net Lease acquired Modiv Industrial’s U.S. industrial net-lease portfolio valued at $535 million. According to Global Net Lease, this transaction expands its industrial real estate holdings and is intended to improve portfolio quality, diversification, and long-term cash flow durability.

What were the share exchange terms for Modiv Industrial common stock in the GNL acquisition (GNL)?

Each Modiv Industrial common share was exchanged for 1.975 newly issued Global Net Lease shares. According to Global Net Lease, this stock-for-stock structure allowed Modiv common shareholders to become GNL shareholders as part of the completed August 12, 2026 transaction.

How were Modiv Industrial preferred shareholders compensated in the Global Net Lease (GNL) deal?

Modiv preferred shareholders received $25 per share in cash plus accrued and unpaid dividends. According to Global Net Lease, this cash consideration fully redeemed the preferred equity as part of the Modiv acquisition completed on August 12, 2026.

How did the Modiv Industrial acquisition change Global Net Lease’s (GNL) portfolio mix?

Following the acquisition, industrial assets represent about 50% of Global Net Lease’s total straight-line rent. According to Global Net Lease, this shift supports its strategy to increase industrial exposure and strengthen portfolio diversification and cash flow durability.

Who advised Global Net Lease (NYSE: GNL) on the $535M Modiv Industrial acquisition?

Greenberg Traurig served as legal advisor to Global Net Lease on the Modiv Industrial acquisition. According to the firm, a multidisciplinary team across real estate, REIT, corporate, tax, and capital markets practices coordinated the transaction to support GNL’s strategic objectives.