Atlanta — RCG Ventures (RCG) has acquired the first phase of a $1.8 billion multi-tenant retail portfolio from Global Net Lease, Inc (GNL). The first phase, which comprises 59 properties, was purchased for $1.1 billion. Truist Bank and Key Bank provided a new loan facility for the transaction, while Ares Management Alternative Credit, Koch Real Estate Investments and Goldman Sachs Alternatives provided equity investments. RCG expects to complete the sale of the remaining 41 properties in two additional phases by the end of the second quarter of 2025.
McGuireWoods LLP and King & Spalding LLP provided legal counsel to RCG. Truist Securities Inc. and Gibson Avenue Capital LLC served as RCG’s advisors. Additionally, KeyBank Institutional Real Estate secured financing for the transaction.