A real estate investment trust (REIT) that owns single-tenant commercial properties — mostly industrial and office buildings — leased on a long-term basis to businesses across the United States, the United Kingdom, and Europe. In a "net lease" setup, tenants pay many of the property's operating costs themselves, not just rent. Founded in 2011 in Maryland and headquartered in New York, the company's name literally describes its business: a global portfolio of net-lease buildings. In September 2023 it merged with The Necessity Retail REIT, a deal that made it one of the largest listed net-lease REITs.