NEW YORK, Nov. 9, 2015 /PRNewswire/ -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company"), announced today that AR Capital LLC ("AR Capital"), the parent of the Company's sponsor, had advised GNL that AR Capital and Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") have mutually agreed to terminate the planned transaction pursuant to which Apollo would have purchased a controlling interest in a newly formed company, AR Global Investments, LLC, that would have owned a majority of the ongoing asset management business of AR Capital including the Company's advisor and property manager.
"Today's announcement regarding the termination of the transaction between AR Capital and Apollo does not impact our commitment to enhancing our best-in-class portfolio of net lease real estate assets in the U.S. and Europe," said Scott Bowman, Chief Executive Officer of Global Net Lease. "Our management team remains focused on operating our business consistent with our existing strategy to create value for our shareholders."
About Global Net Lease, Inc.
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring and managing a diversified global portfolio of single tenant net lease commercial properties across the United States, Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com.
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. Forward-looking statements may include, but are not limited to, statements regarding stockholder liquidity and investment value and returns. The words "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those contemplated by such forward-looking statements, including those set forth in the Risk Factors section of GNL's Annual Report on Form 10-K filed on April 3, 2015. Further, forward-looking statements speak only as of the date they are made, and GNL undertakes no obligation to update or reverse any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events on changes to future operating results, unless required to do so by law.
SOURCE Global Net Lease, Inc.