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Global Net Lease buys $212M of properties in Q4'18

Jan 08, 2019 - SNL Real Estate Daily

Diversified real estate investment trust Global Net Lease said it closed roughly $211.8 million of acquisitions, covering 1.3 million square feet, in the last quarter of 2018.

The largest of the six properties acquired during the period was a 606,000-square-foot class A distribution facility in Romulus, Mich. A national logistics provider is leasing the newly built property.

The REIT also purchased two other distribution assets, spanning 85,646 square feet in Pittsburgh and 58,181 sq...