# Global Net Lease, Inc. (GNL-PE) — merger [completed]
Source: SEC API (secapi.ai) · situation sit_df75dbd07850e54eb018 · retrieved 2026-08-16T21:03:39.277Z

## Overview
Global Net Lease, Inc. is a publicly traded real estate investment trust that acquires and manages a global portfolio of income-producing net lease assets across the United States and Western and Northern Europe.

On August 12, 2026, Global Net Lease, Inc. (GNL) completed its acquisition of Modiv Industrial, Inc. through a merger in which Modiv merged into GNL Motion Merger Sub, LLC, a wholly-owned subsidiary of GNL. Each share of Modiv common stock was converted into the right to receive 1.975 shares of GNL common stock, resulting in the issuance of approximately 20,387,757 shares of GNL Common Stock. Each share of Modiv preferred stock was converted into the right to receive $25.00 in cash, plus accrued and unpaid dividends, totaling approximately $42.3 million in Preferred Stock Merger Consideration. GNL funded the preferred stock consideration and repayment of Modiv's outstanding indebtedness using borrowings under its existing revolving credit facility.

## Terms
- Counterparty: Modiv Industrial, Inc. · Consideration: mixed · Price/share: $1.975

## Key dates
- Completed 2026-08-12

## Timeline
- 2026-08-13 · 8-K (0001104659-26-095323): 8-K - Global Net Lease, Inc. — *Global Net Lease, Inc. is a publicly traded real estate investment trust that acquires and manages a global portfolio of income-producing net lease assets across the United States and Western and Northern Europe.* On August 12, 2026, Global Net Lease, Inc. (GNL) completed its acquisition of Modiv Industrial, Inc. through a merger in which Modiv merged into GNL Motion Merger Sub, LLC, a wholly-owned subsidiary of GNL. Each share of Modiv common stock was converted into the right to receive 1.975 shares of GNL common stock, resulting in the issuance of approximately 20,387,757 shares of GNL Common Stock. Each share of Modiv preferred stock was converted into the right to receive $25.00 in cash, plus accrued and unpaid dividends, totaling approximately $42.3 million in Preferred Stock Merger Consideration. GNL funded the preferred stock consideration and repayment of Modiv's outstanding indebtedness using borrowings under its existing revolving credit facility.
  https://www.sec.gov/Archives/edgar/data/1526113/0001104659-26-095323.txt

## Citations
- 0001104659-26-095323 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926095323