Company: GMRE
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001104659-25-112543
Chunk: 128

Company: Global Medical REIT Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 128
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 than by reason of a default, or the imminence of a default, on the lease).

| 48 |

A REIT will not be considered to have foreclosed
on a property where the REIT takes control of the property as a mortgagee-in-possession and cannot receive any profit or sustain any loss
except as a creditor of the mortgagor. Property generally ceases to be Foreclosure Property at the end of the third taxable year (or,
with respect to qualified health care property, the second taxable year) following the taxable year in which the REIT acquired the property,
or longer if an extension is granted by the Secretary of the Treasury. However, this grace period terminates and Foreclosure Property
ceases to be Foreclosure Property on the first day:

| · | on which a lease is entered into for the property that, by its terms, will give rise to income that does not qualify for purposes        
 of the 75% gross income test, or any amount is received or accrued, directly or indirectly, pursuant to a lease entered into on or after 
 such day that will give rise to income that does not qualify for purposes of the 75% gross income test;                                  |

| · | on which any construction takes place on the property, other than completion of a building or any other improvement where more than 
 10% of the construction was completed before default became imminent; or                                                            |

| · | which is more than 90 days after the day on which the REIT acquired the property and the property is used in a trade or business which 
 is conducted by the REIT, other than through an independent contractor from whom the REIT itself does not derive or receive any income 
 or a TRS.                                                                                                                              |

Hedging Transactions. From time to time,
we or our Operating Partnership may enter into hedging transactions with respect to one or more of our assets or liabilities. Our hedging
activities may include entering into interest rate swaps, caps, and floors, options to purchase such items, and futures and forward contracts.
Income and gain from “hedging transactions” will be excluded from gross income for purposes of both the 75% and 95% gross
income tests provided we satisfy the identification requirements discussed below. A “hedging transaction” means either (1)
any transaction entered into in the normal course of our or our Operating Partnership’s trade or business primarily to manage the
risk of interest rate, price changes, or currency fluctuations with respect to borrowings made or