Global Net Lease Appoints Robert Kauffman, Fortress Co-Founder, to Board of Directors

Rhea-AI Summary

Global Net Lease, Inc. (NYSE: GNL) appoints Robert Kauffman, co-founder of Fortress Investment Group , to its Board of Directors. Kauffman brings extensive capital markets experience and a successful investment background.

NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced the appointment of Robert Kauffman to its Board of Directors, effective immediately.

Mr. Kauffman is a co-founder of Fortress Investment Group LLC where he was a principal and member of the Board of Directors from its founding in 1998 until 2012. He is currently a successful private investor and entrepreneur active in the financial, real estate, automotive and technology-oriented sectors.

“We are thrilled to welcome Rob to our Board of Directors,” stated Sue Perrotty, Non-Executive Chairperson of GNL’s Board of Directors. “Rob is highly qualified to join the Board given his extensive background in capital markets and unique experience in co-founding a multi-billion dollar global investment manager, and we believe he will make invaluable contributions to GNL.”

Mr. Kauffman stated, “I am excited to join GNL’s Board of Directors and I look forward to the opportunity to work with the GNL team to help create long-term value for GNL shareholders.”

Prior to co-founding Fortress, he was a Managing Director at UBS in its Principal Finance area, a Principal at BlackRock Financial Management Inc, and at Lehman Brothers primarily focused on the mortgage and securitization markets in the US and Europe.

About Global Net Lease, Inc.

Global Net Lease, Inc. (NYSE: GNL) is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com. 

Important Notice

The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as "may," "will," "seeks," "anticipates," "believes," "expects," "estimates," "projects," “potential,” “predicts,” "plans," "intends," “would,” “could,” "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks associated with realization of the anticipated benefits of the merger with The Necessity Retail REIT, Inc. and the internalization of the Company’s property management and advisory functions; that any potential future acquisition or disposition by the Company is subject to market conditions and capital availability and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company’s actual results to differ materially from those presented in its forward-looking statements are set forth in the Risk Factors and “Quantitative and Qualitative Disclosures about Market Risk” sections in the Company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in our subsequent reports. Further, forward-looking statements speak only as of the date they are made, and GNL undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

Contacts:
Investor Relations
Email: investorrelations@globalnetlease.com
Phone: (332) 265-2020

FAQ

Who was appointed to Global Net Lease, Inc.'s Board of Directors?

Robert Kauffman, co-founder of Fortress Investment Group , was appointed to Global Net Lease, Inc.'s Board of Directors.

What is Robert Kauffman's background?

Robert Kauffman has an extensive background in capital markets and experience in co-founding a multi-billion dollar global investment manager.

What sectors is Robert Kauffman active in?

Robert Kauffman is active in the financial, real estate, automotive, and technology-oriented sectors.

What was Robert Kauffman's role at Fortress Investment Group ?

Robert Kauffman was a principal and member of the Board of Directors at Fortress Investment Group from 1998 to 2012.

What value does Robert Kauffman bring to Global Net Lease, Inc.?

Robert Kauffman's extensive background in capital markets and experience in co-founding a multi-billion dollar global investment manager make him a valuable addition to Global Net Lease, Inc.'s Board of Directors.