BCBSM, Inc. acquired Two Office Properties from Net Lease Office Properties (NYSE:NLOP) for $60.7 million on June 11, 2024. Net proceeds after closing costs were used to repay approximately $48 million on J.P. Morgan's senior secured mortgage and approximately $8 million on its mezzanine loan, in accordance with terms of those facilities.

BCBSM, Inc. completed the acquisition of Two Office Properties from Net Lease Office Properties (NYSE:NLOP) on June 11, 2024.