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2026
Global Net Lease completes acquisition of Modiv Industrial
Global Net Lease, Inc. completed its previously announced acquisition of Modiv Industrial, Inc. on August 12, 2026, adding a primarily industrial net-lease portfolio valued at $535 million. Modiv stockholders approved the deal on August 10, 2026; each Modiv common share converted into 1.975 newly issued GNL shares and each Modiv preferred share converted into $25.00 in cash plus accrued dividends. Modiv's common and preferred stock were delisted from the NYSE.