On June 5, 2023, The Necessity Retail REIT Inc announced that Global Net Lease Inc. and The Necessity Retail REIT Inc. together has entered into a cooperation agreement with Blackwells Capital. In addition, Global Net stated that under the terms of the Cooperation Agreement, the Blackwells Parties will withdraw their nomination notices and proposals at both Global Net Lease and Necessity Retail REIT Inc and have agreed to vote in favor of the share issuances for the previously announced merger of Global Net Lease and Necessity Retail REIT Inc and internalization transactions at the Global Net Lease special meeting.