Global Net Lease Sells Americold Portfolio for $170 Million
COLDAmericold Realty Trust(COLD) Newsfilter·2024-06-27 18:00
  • 7.88% Cash Cap Rate on 3.3 Years of Weighted Average Remaining Lease Term - Part of the Previously Announced 567MillionofClosedandDispositionPipelineataCashCapRateof7.2567 Million of Closed and Disposition Pipeline at a Cash Cap Rate of 7.2% NEW YORK, June 27, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE:GNL) ("GNL" or the "Company") today announced the successful disposition of a portfolio of nine cold storage properties that are currently leased to subsidiaries of Americold Realty Trust, Inc. (NYSE:COLD) for 170 million, at a 7.88% cash cap rate on 3 ...