{"id":762953,"date":"2023-06-12T08:04:44","date_gmt":"2023-06-12T12:04:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\/"},"modified":"2023-06-12T08:04:44","modified_gmt":"2023-06-12T12:04:44","slug":"blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\/","title":{"rendered":"Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBlackwells Capital LLC (together with its affiliates, \u201cBlackwells\u201d), an alternative investment management firm that is a shareholder of both Global Net Lease Inc. (NYSE: GNL) (\u201cGlobal Net Lease,\u201d \u201cGNL\u201d or the \u201cCompany&#8221;) and The Necessity Retail REIT Inc. (NASDAQ: RTL) (\u201cNecessity Retail REIT\u201d or \u201cRTL\u201d), today issued a presentation that describes Blackwells\u2019 rationale for supporting the proposed merger of GNL and RTL. The compelling combination will result in a pro forma entity with nearly $10 billion in real estate assets, making GNL one of the largest publicly traded net lease REITs. Blackwells expects that the increased scale, diversity and efficiency, combined with internalization of management and impressive governance enhancements, will position the Company to create immediate and long-term value for all shareholders.<\/p>\n<p>\nBlackwells\u2019 full presentation is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.blackwellscap.com%2Fwp-content%2Fuploads%2F2023%2F06%2FBlackwells-GNL-RTL-Merger-Presentation-v06.pdf&amp;esheet=53418282&amp;newsitemid=20230612412460&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.blackwellscap.com%2Fwp-content%2Fuploads%2F2023%2F06%2FBlackwells-GNL-RTL-Merger-Presentation-v06.pdf&amp;index=1&amp;md5=ae7aab33e940853fd2859f3acf1eb029\">https:\/\/www.blackwellscap.com\/wp-content\/uploads\/2023\/06\/Blackwells-GNL-RTL-Merger-Presentation-v06.pdf<\/a>.<\/p>\n<p>\nJason Aintabi, Chief Investment Officer of Blackwells, said, \u201cBlackwells has been engaged in extensive discussions with both GNL and RTL, and has had the opportunity to examine the proposed transaction and its potential benefits to shareholders. We have reviewed the portfolios in detail, as well as the proposed and possible cost savings, the benefits of internalization and the details of the governance enhancements, and have signed a non-disclosure agreement in order to continue to pursue this important collaboration.\u201d<\/p>\n<p>\nMr. Aintabi continued, \u201cAfter this review, we are confident in the merits of the transaction and believe the scale and diverse portfolio of the combined company, along with the enhancements to management and board accountability, will lead to meaningful value creation and genuine accountability for the Board. We were also pleased that the management team and Board have asked for our continued involvement and advice as the Company plots the best course forward.\u201d<\/p>\n<p>\nMr. Aintabi concluded, \u201cWe applaud the internalization and significant governance enhancements that will be in effect as a result of the merger, which will bring the Company\u2019s governance in-line with best practices across the REIT industry. This enhanced accountability and receptivity to shareholder perspectives marks a significant change from past practice and one which, in our view, will underpin long-term value creation. We strongly believe that the new configuration of the Company will cause the stock to re-rate in value, better reflecting the quality of the assets and potential of the business.\u201d<\/p>\n<p>\nBlackwells will vote in favor of the merger and related proposals at the Special Meetings of both GNL and RTL, as previously announced.<\/p>\n<p><b>About Blackwells Capital<\/b><\/p>\n<p>\nBlackwells Capital was founded in 2016 by Jason Aintabi, its Chief Investment Officer. Since that time, it has made investments in public securities, engaging with management and boards, both publicly and privately, to help unlock value for stakeholders, including shareholders, employees and communities. Throughout their careers, Blackwells\u2019 principals have invested globally on behalf of leading public and private equity firms and have held operating roles and served on the boards of media, energy, technology, insurance and real estate enterprises. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.blackwellscap.com&amp;esheet=53418282&amp;newsitemid=20230612412460&amp;lan=en-US&amp;anchor=www.blackwellscap.com&amp;index=2&amp;md5=2094b9444691520f950ba3eb788c3d57\">www.blackwellscap.com<\/a><\/p>\n<p>\nThe views stated, analysis presented and materials referenced herein have been prepared by Blackwells alone based on its independent analysis and have not been independently verified by, and are not necessarily the views of, RTL or GNL.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230612412460r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230612412460\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230612412460\/en\/<\/a><\/span><\/p>\n<p>\nGagnier Communications<br \/>\n<br \/>Dan Gagnier<br \/>\n<br \/>(646) 569-5897<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:blackwells@gagnierfc.com\">blackwells@gagnierfc.com<\/a><\/p>\n<p>\nLongacre Square Partners<br \/>\n<br \/>(646) 386-0091<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:blackwells@longacresquare.com\">blackwells@longacresquare.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Finance Construction &amp; Property REIT<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT NEW YORK&#8211;(BUSINESS WIRE)&#8211; Blackwells Capital LLC (together with its affiliates, \u201cBlackwells\u201d), an alternative investment management firm that is a shareholder of both Global Net Lease Inc. (NYSE: GNL) (\u201cGlobal Net Lease,\u201d \u201cGNL\u201d or the \u201cCompany&#8221;) and The Necessity Retail REIT Inc. (NASDAQ: RTL) (\u201cNecessity Retail REIT\u201d or \u201cRTL\u201d), today issued a presentation that describes Blackwells\u2019 rationale for supporting the proposed merger of GNL and RTL. The compelling combination will result in a pro forma entity with nearly $10 billion in real estate assets, making GNL one of the largest publicly traded net lease REITs. Blackwells expects that the increased scale, diversity and efficiency, combined &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-762953","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT NEW YORK&#8211;(BUSINESS WIRE)&#8211; Blackwells Capital LLC (together with its affiliates, \u201cBlackwells\u201d), an alternative investment management firm that is a shareholder of both Global Net Lease Inc. (NYSE: GNL) (\u201cGlobal Net Lease,\u201d \u201cGNL\u201d or the \u201cCompany&#8221;) and The Necessity Retail REIT Inc. (NASDAQ: RTL) (\u201cNecessity Retail REIT\u201d or \u201cRTL\u201d), today issued a presentation that describes Blackwells\u2019 rationale for supporting the proposed merger of GNL and RTL. The compelling combination will result in a pro forma entity with nearly $10 billion in real estate assets, making GNL one of the largest publicly traded net lease REITs. Blackwells expects that the increased scale, diversity and efficiency, combined &hellip; Continue reading &quot;Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-12T12:04:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230612412460r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT\",\"datePublished\":\"2023-06-12T12:04:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\\\/\"},\"wordCount\":620,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230612412460r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\\\/\",\"name\":\"Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT - 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(NYSE: GNL) (\u201cGlobal Net Lease,\u201d \u201cGNL\u201d or the \u201cCompany&#8221;) and The Necessity Retail REIT Inc. (NASDAQ: RTL) (\u201cNecessity Retail REIT\u201d or \u201cRTL\u201d), today issued a presentation that describes Blackwells\u2019 rationale for supporting the proposed merger of GNL and RTL. The compelling combination will result in a pro forma entity with nearly $10 billion in real estate assets, making GNL one of the largest publicly traded net lease REITs. Blackwells expects that the increased scale, diversity and efficiency, combined &hellip; Continue reading \"Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\/","og_site_name":"Market Newsdesk","article_published_time":"2023-06-12T12:04:44+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230612412460r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT","datePublished":"2023-06-12T12:04:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\/"},"wordCount":620,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230612412460r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/blackwells-capital-issues-presentation-highlighting-compelling-combination-of-global-net-lease-and-the-necessity-retail-reit\/","name":"Blackwells Capital Issues Presentation Highlighting Compelling Combination of Global Net Lease and The Necessity Retail REIT - 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