Unlocking Capital Through Sale-Leasebacks

The Sale-Leaseback Advantage

Sale-leasebacks allow companies to unlock capital tied up in owned real estate by selling assets to an experienced real estate operator, while retaining long-term control of the property through a lease. This frees up capital for growth, operations or strategic initiatives. For GNL, these transactions provide access to high-quality, mission-critical assets backed by long-term leases and creditworthy tenants, generating durable, predictable income and aligning with our disciplined investment strategy.

Plasti-Fab

Strategy in Action –Plasti-Fab Corporation

We completed an approximately $55 million private equity-sponsored sale-leaseback transaction with Plasti-Fab Corporation (PFB) that included eight strategically located industrial assets supporting manufacturing and distribution operations across the U.S. and Canada. Structured in two phases, the transaction enabled PFB to unlock capital for reinvestment in its core operations while retaining long-term control of its mission-critical facilities.

A Partner Through Every Phase

GNL’s hands-on approach continues past closing. In 2023, when PFB requested an expansion option on one of its Canadian sites, GNL worked quickly to update the lease, demonstrating our role as a responsive, solutions-oriented landlord committed to long-term tenant success.

8

Industrial/Distribution Facilities (4 U.S., 4 Canada)

600K+

Square Feet

20-Year

NNN Lease

Fixed

Annual Rent Escalations

Benefits for the Tenant:

  • Freed up significant capital for growth and strategic use
  • Retained operational continuity through 20-year absolute NNN leases
  • Gained long-term real estate flexibility, including a post-closing expansion option
  • Partnered with an experienced landlord that understands operational real estate

Benefits for GNL:

  • Gained long-term, predictable income from a creditworthy tenant
  • Secured 20-year absolute NNN leases with fixed escalations
  • Expanded its industrial footprint across major North American markets
  • Demonstrated ability to structure and support tenant-driven value post-closing

“GNL’s ability to structure a sale-leaseback that balanced immediate capital needs with long-term operational stability was invaluable. Their responsiveness and solutions-oriented approach gave us the flexibility to close a complex leveraged buyout and support the future growth of PFB.”

– Shawn Alt, Principal, The Riverside Company

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