Global Net Lease to Acquire Modiv Industrial

Paul, Weiss is advising Global Net Lease, Inc., a publicly traded real estate investment trust, in its all-stock acquisition of Modiv Industrial, Inc., an internally managed REIT focused on single-tenant net-lease industrial manufacturing real estate. Upon closing of the deal, valued at approximately $535 million, existing Global Net Lease stockholders will own approximately 89% of the combined company and Modiv stockholders will own approximately 11%. Completion of the transaction is expected in the third quarter of 2026, subject to customary closing conditions.

The Paul, Weiss team is led by corporate partners Ross Fieldston and Jeffrey Marell, and includes partner David Sobel; tax partners Scott Sontag and Kiran Sheffrin; executive compensation partner Lawrence Witdorchic; real estate partner Peter Fisch; intellectual property partner Claudine Meredith-Goujon; environmental partner Stefanie Gitler; and litigation partner Pietro Signoracci.