The deal involved a complex exchange where Modiv common shareholders received 1.975 GNL shares for each share held, while preferred shareholders were cashed out at $25 per share plus dividends. This move is designed to drive long-term cash flow and diversify the company's asset base across the United States.

Legal counsel for the acquisition was provided by Greenberg Traurig, LLP. A broad team led by Joseph A. Herz, Jonathan M. Perry, and Michael J. Baum managed the integration of real estate, tax, and capital markets expertise across the firm's national offices. Herz and Perry noted that the scale of the transaction demanded seamless coordination across multiple disciplines to meet GNL’s business objectives.