Global Net Lease, Inc. (NYSE:GNL) Files An 8-K Other EventsItem 8.01.Other Events.
On January 16, 2018, acting to provisions contained in agreements among Global Net Lease, Inc. (the “Company”), Global Net Lease Advisors, LLC (the “Advisor”) and Moor Park Capital Partners LLC and certain of its affiliates (collectively the “Service Provider”), the Company, to authorization by the independent directors of the board of directors, notified the Service Provider that it was being terminated effective as of March 17, 2018. Additionally, as a result of the Company’s termination of the Service Provider, the property management and leasing agreement among an affiliate of the Advisor and the Service Provider will terminate by its own terms. As required under its existing advisory agreement with the Company, the Advisor and its affiliates will continue to manage the Company’s affairs on a day to day basis (including management and leasing of the Company’s properties) and will remain responsible for managing and providing other services with respect to the Company’s European investments. The Advisor may engage one or more third parties to assist with these responsibilities, all subject to the terms of the advisory agreement.
About Global Net Lease, Inc. (NYSE:GNL)
Global Net Lease, Inc. is a real estate investment trust that focuses on acquiring and managing a portfolio of strategically located commercial real estate properties. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. The Company focuses its investments on commercial and retail properties, including special use single tenant properties. The Company owns approximately 330 net-leased commercial properties consisting of over 18.7 million rentable square feet. The Company has approximately 270 properties located in the United States and Puerto Rico, over 40 properties located in the United Kingdom and approximately 20 properties located across continental Europe. Its portfolio of real estate properties includes McDonald’s, Wickes Building Supplies I, Thames Water, Northern Rock, Con-way Freight, Western Digital, GE Aviation, DFS Trading, Talk Talk, GSA IV, Nissan, Select Energy Services I and Lhoist.