Global Net Lease to acquire Modiv Industrial in $535M merger

Commercial Observer reported Global Net Lease reached a $535 million merger agreement to acquire Modiv Industrial. Modiv owns 42 properties totaling around 4.3 million square feet, with assets across California, Florida, Minnesota and Washington. The article noted the price implies roughly a 17% premium to Modiv's prior closing share price and framed the deal as supportive of Global Net Lease's earnings growth expectations in 2026.