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Modiv Industrial Shareholders Clear the Way for Merger Into Global Net Lease Vehicle

8/12/2026

A net-lease is a rental contract where the tenant, not the landlord, pays property taxes, insurance, and maintenance costs on top of base rent.

That structure is the load-bearing element of Modiv Industrial's portfolio of light manufacturing sites, warehouses, and distribution centers.

Shareholders of Modiv Industrial (NYSE: MDV) voted at a special meeting to approve the company's merger with GNL Motion Merger Sub, LLC, a subsidiary tied to Global Net Lease, Inc.

Preliminary results show all three proposals on the ballot passed; final tallies will be disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission.