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 | Gross | Square |
Vacant (formerly Intuit)* | N/A | Plano, TX | $ -- | $20,000 | 166,033 |
Vacant (formerly | N/A | King of Prussia, | $ -- | $7,850 | 88,578 |
Arbella Insurance | Property & Casualty | 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.
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
