---
title: "Global Net Lease Closes $74M of Dispositions YTD, Modiv Buy to Be 4% AFFO Accretive"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291128268.md"
description: "Global Net Lease (GNL) closed $74M in dispositions YTD, reducing office exposure. The pending $535M Modiv Industrial acquisition is expected to be 4% accretive to AFFO per share and leverage neutral upon closing in Q3 2026."
datetime: "2026-06-29T10:23:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291128268.md)
  - [en](https://longbridge.com/en/news/291128268.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291128268.md)
---

# Global Net Lease Closes $74M of Dispositions YTD, Modiv Buy to Be 4% AFFO Accretive

**Global Net Lease closed $74 million of dispositions since Q1 2026 and said the pending Modiv Industrial acquisition is expected to be 4% accretive to AFFO per share.**

**Key Highlights:**

-   Sold $74M of assets since Q1 2026, including $66M of occupied properties at a 7.2% cash cap rate.
-   Office assets comprised $61M (93%) of occupied sales, reducing office exposure and addressing lease rollover risk.
-   Year-to-date closed ~$145M of dispositions at a 7.5% cash cap rate on occupied assets, boosting occupancy and portfolio quality.
-   Under contract to buy a 100k sq ft industrial property for $14M at an 8.2% cash cap rate to redeploy proceeds.
-   Pending $535M Modiv acquisition expected in Q3 2026, immediately 4% accretive to AFFO/share and leverage neutral.

Original SEC Filing: Global Net Lease, Inc. \[ GNL \] - 8-K - Jun. 29, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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