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Announces Sales of Two Office Properties for $35 Million
NEW YORK, March 19, 2026 /PRNewswire/ -- Net Lease Office Properties (NYSE: NLOP) reported today that its Board of Trustees declared a special cash distribution of $3.30 per common share, totaling approximately $49 million. The distribution is payable on April 14, 2026 to shareholders of record as of the close of business on March 30, 2026.
The following properties were recently sold for gross proceeds totaling approximately $35.2 million.
| Primary Tenant | Primary Tenant Industry | Location | ABR (at time of sale) ($000s) | Gross Sale Proceeds ($000s) | Square Feet |
| Vacant (formerly Bankers Financial) | N/A | St. Petersburg, FL | $ -- | $22,500 | 167,581 |
| North American Lighting | Auto Parts & Equipment | Farmington Hills, MI | $1,084 | $12,711 | 75,286 |
| Total | | | $1,084 | $35,211 | 242,867 |
For additional information on NLOP — including an investor presentation, its latest annual report on Form 10-K 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.
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
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