Net Lease Office Properties sells five sites for $43M, pays off secured mortgage

Jan. 10, 2025 7:48 AM ETNet Lease Office Properties (NLOP) StockBy: Liz Kiesche, SA News Editor1 Comment
(1min)
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Net Lease Office Properties (NYSE:NLOP) sold five office properties in November and December for gross proceeds of $43.3M, the REIT said on Friday.

Net proceeds were used to repay ~$30M of J.P. Morgan's senior secured mortgage and ~$5M on its mezzanine loans. Along with ~$23M

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