Global Net Lease has signed a definitive agreement to acquire Modiv Industrial in an all-stock deal valued at $535 million. The merger strengthens GNL’s industrial portfolio and is expected to close in the third quarter of 2026. Modiv stockholders will receive a 17 per cent premium and a 25 per cent increase in annual dividends.
Long & Foster Real Estate has named Lacey Conway as its new president to lead its growth and agent support strategies. Conway brings more than two decades of industry experience to the role, having previously served as the CEO of Latter & Blum. She will partner with CEO Patrick Bain to maintain the firm's reputation for local expertise and teamwork.
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