Announces Sales of Three Office Properties for $34 Million
NEW YORK, Nov. 4, 2026 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) reported today that its Board of Trustees declared a special cash distribution of $1.50 per common share, totaling approximately $22 million. The distribution is payable on December 1, 2026 to shareholders of record as of the close of business on November 16, 2026. Including this distribution, NLOP has declared distributions totaling $24.19 per share since being spun off in November 2023.
The following properties were recently sold for gross proceeds totaling approximately $34.4 million.
|
Tenant
|
Tenant Industry
|
Location
|
ABR
(at time
of sale)
($000s)
|
Gross
Sale
Proceeds
($000s)
|
Square
Feet
|
|
Vacant (formerly Intuit)*
|
N/A
|
Plano, TX
|
$ --
|
$20,000
|
166,033
|
|
Vacant (formerly
Arcfield)
|
N/A
|
King of Prussia,
PA
|
$ --
|
$7,850
|
88,578
|
|
Arbella Insurance
|
Property & Casualty
Insurance
|
Quincy, MA
|
$1,850
|
$6,579
|
132,160
|
|
Total
|
|
|
$1,850
|
$34,429
|
386,771
|
|
*All gross proceeds used to repay a non-recourse mortgage loan in connection with this disposition.
|
For additional information on NLOP — including an investor presentation, its latest quarterly report on Form 10-Q and related filings — please visit the company's website.
Net Lease Office Properties
Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust that owns a portfolio of high-quality, single-tenant office properties located in the U.S. and net leased to corporate tenants operating across a variety of industries.
www.nloproperties.com
Institutional Investors:
1-212-492-1140
institutionalir@nloproperties.com
Individual Investors:
1-844-NLO REIT (656-7348)
ir@nloproperties.com
Press Contact:
Anna McGrath
1-212-492-1166
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SOURCE Net Lease Office Properties