Net Lease Office sells five office properties for $43M

Net Lease Office (NLOP) Properties announced the sale of the five office properties in November and December for gross proceeds totaling $43.3M. Office property sales during the fourth quarter brought total gross proceeds from dispositions completed during 2024 to approximately $364M, including occupied sales of $319M at a weighted-average disposition cap rate of approximately 10.5%. As of December 31, 2024, NLOP owned 39 office properties, comprising 37 properties in the U.S. and two in Europe.