RCG Ventures Announces the Final Close of $1.8 Billion Multi-Tenant Retail Portfolio Acquisition from Global Net Lease

Rhea-AI Summary

RCG Ventures has completed a significant $1.8 billion acquisition of a multi-tenant retail portfolio from Global Net Lease (GNL), comprising 99 properties across 28 states with over 14 million square feet. This transformative deal more than doubles RCG's footprint to over 130 retail properties. The transaction received backing from major institutional partners including Ares Management and Koch Real Estate Investments. Since its founding in 2003, RCG has deployed approximately $3.4 billion across 282 properties, totaling 36.2 million square feet in 34 states. The acquisition aligns with RCG's strategy of investing in shopping centers anchored by national retailers in high-growth markets. Truist Securities and KeyBank provided financing, while McGuireWoods LLP, King & Spalding LLP, and Gibson Avenue Capital served as advisors.

Positive

• Major portfolio expansion with $1.8 billion acquisition of 99 retail properties spanning 14 million square feet
• Strong institutional backing from Ares Management and Koch Real Estate Investments
• Secured committed financing from Truist Securities and KeyBank Institutional Real Estate
• Strategic growth in high-growth markets with properties anchored by leading national retailers

Negative

• None.

Insights

Real Estate Investment Analyst

GNL completed a $1.8B portfolio sale to RCG Ventures, significantly reshaping its asset base while strengthening RCG's retail footprint.

Global Net Lease (GNL) has completed the sale of a substantial $1.8 billion multi-tenant retail portfolio to RCG Ventures, the retail real estate investment arm of Argonne Capital Group. The transaction encompasses 99 properties spanning over 14 million square feet across 28 states, representing a significant divestiture for GNL.

This transaction is transformative for both entities. For RCG, it more than doubles their footprint to over 130 retail properties nationwide. The acquisition aligns with RCG's strategic focus on shopping centers anchored by national retailers in high-growth markets, a strategy they've pursued since 2003. RCG secured support from institutional partners including Ares Management and Koch Real Estate Investments to execute this large-scale acquisition.

For GNL, this represents a substantial portfolio reshaping, likely allowing the REIT to redeploy capital toward other strategic priorities or potentially reduce leverage. The transaction demonstrates significant institutional investor confidence in the multi-tenant retail sector, with multiple financial and legal advisors involved, including Truist Securities, KeyBank Institutional Real Estate, McGuireWoods LLP, and King & Spalding LLP.

Since its founding in 2003, RCG has deployed approximately $3.4 billion across 282 properties, representing 36.2 million square feet across 34 states, demonstrating their long-term commitment to and expertise in the multi-tenant retail sector.

Final Close More Than Doubles RCG's Footprint, Expanding Portfolio to More Than 130 Retail Properties

Transaction Received Support from Ares Management, Koch Real Estate Investments and Other Institutional Equity Partners

ATLANTA, June 23, 2025 /PRNewswire/ -- RCG Ventures, LLC ("RCG" or the "Firm"), the vertically-integrated retail real estate investment arm of Argonne Capital Group ("Argonne Capital") that specializes in the acquisition, development, leasing, management and financing of multi-tenant real estate assets, today announced the final close of a $1.8 billion multi-tenant retail portfolio consisting of 99 properties (the "Portfolio") from Global Net Lease, Inc. ("GNL"). The portfolio represents more than 14 million square feet across 28 states and brings RCG's total portfolio to more than 130 retail properties across the U.S.

"We are pleased to have successfully completed this transformative transaction with the continued support of our dedicated institutional partners," said Michael A. Klump, Founder and Chairman of RCG Ventures and Argonne Capital. "This transaction expands our portfolio of shopping centers across the U.S., and further underscores our strong conviction in the resilience and long-term potential of multi-tenant retail. By combining the expertise of our in-house property management and leasing teams with our decades of retail investing experience, we are confident in our ability to successfully execute our strategy for these well-located properties."

With the completion of this transaction, RCG has deployed approximately $3.4 billion across a portfolio of 282 properties, representing 36.2 million square feet across 34 states, since inception in 2003. This continued growth reflects the firm's disciplined investment approach and long-standing commitment to the multi-tenant retail sector. For more than two decades, RCG has focused on acquiring shopping centers anchored by leading national retailers in high-growth markets. 

Truist Securities, Inc. served as a financial advisor to RCG Ventures and, along with KeyBank Institutional Real Estate, provided committed financing for the transaction. McGuireWoods LLP provided legal counsel to RCG Ventures in respect to the real estate acquisition and financing matters and King & Spalding LLP provided legal counsel to RCG Ventures in respect of fund formation and transaction-related matters. Gibson Avenue Capital, LLC also served as an advisor to RCG Ventures.

About RCG Ventures
RCG Ventures ("RCG") is a vertically-integrated real estate investment firm led by a team of professionals that specialize in the acquisition, development, leasing, management and financing of multi-tenant retail real estate across the U.S. RCG is the retail real estate investment arm of Argonne Capital Group, a privately held investment firm. Since its inception in 2003, RCG has specialized in the ownership of best-in-class shopping centers anchored by national tenants, having acquired approximately $3.4 billion in retail assets spanning 36.2 million square feet across 34 states. For more information on RCG, please visit: https://rcgventures.com/.

About Global Net Lease, Inc.
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com.

Contacts

For RCG Ventures
Kate Thompson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

For Global Net Lease
Investor Relations
Email: investorrelations@globalnetlease.com
Phone: (332) 265-2020

 

View original content:https://www.prnewswire.com/news-releases/rcg-ventures-announces-the-final-close-of-1-8-billion-multi-tenant-retail-portfolio-acquisition-from-global-net-lease-302487911.html

SOURCE RCG Ventures, LLC

FAQ

What is the value and size of RCG Ventures' acquisition from Global Net Lease (GNL)?

RCG Ventures acquired a $1.8 billion multi-tenant retail portfolio from GNL, consisting of 99 properties spanning over 14 million square feet across 28 states.

How many properties does RCG Ventures now own after the GNL acquisition?

After the acquisition, RCG Ventures' portfolio expanded to more than 130 retail properties across the United States.

Who provided financing for RCG Ventures' $1.8 billion portfolio acquisition?

Truist Securities and KeyBank Institutional Real Estate provided committed financing for the transaction.

What is RCG Ventures' total portfolio deployment since its founding?

Since its inception in 2003, RCG has deployed approximately $3.4 billion across 282 properties, representing 36.2 million square feet across 34 states.

Which institutional partners supported RCG Ventures in this acquisition?

The transaction received support from Ares Management, Koch Real Estate Investments, and other institutional equity partners.