James Nelson, president and CEO of Global Net Lease, Inc. (NYSE: GNL), joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.
Global Net Lease has a portfolio split almost evenly between the U.S. and Europe. Nelson said the company is currently finding a lot more deals in the U.S. than in Europe. Last year, Global Net Lease bought more than $478 million of properties in the U.S., he noted.
In the U.S., Global Net lease is continuing to focus on industrial and distribution assets. Nelson pointed out that the REIT is finding a lot of deals before they go to auction or market. Other means of finding assets include buying from developers. “We’re pretty fortunate with our deal flow,” he said.