RCG Ventures Locks in $1.1B Initial Close for Global Net Lease Portfolio Expansion

RCG Ventures, an Atlanta-based real estate investment firm, announced the completion of the first close of a multi-tenant retail portfolio acquisition from Global Net Lease, Inc. (GNL), totaling approximately $1.1 billion for 59 properties. This transaction marks the initial phase of a broader $1.8 billion deal involving a 100-property portfolio.

RCG tapped equity from Ares Management Alternative Credit funds, Koch Real Estate Investments, and Goldman Sachs Alternatives, in addition to a new loan facility from Truist and KeyBank.

The remaining 41 properties in the GNL portfolio are slated to close in two phases by the end of the second quarter. This acquisition significantly expands RCG’s U.S. shopping center portfolio, more than doubling its presence and increasing its total investment to roughly $2.7 billion across over 250 properties spanning more than 30 states.

“This transformative transaction more than doubles our footprint of shopping centers across the U.S., and we look forward to leveraging our vertically integrated team to attract and retain high-quality tenants,” said Michael Klump, founder and chairman of RCG Ventures and Argonne Capital.

Operating as the retail real estate investment arm of Argonne Capital Group, the firm specializes in shopping centers anchored by national tenants in high-growth markets.

Truist Securities acted as financial advisor to RCG Ventures, while McGuireWoods and King & Spalding provided legal counsel. Gibson Avenue Capital also supported the process.