Oak Street Net Lease Trust
07/06/2026 | Press release | Distributed by Public on 07/06/2026 14:19
Private Placement (Form 8-K)
Item 3.02. Unregistered Sale of Equity Securities.
On July 1, 2026, Blue Owl Real Estate Net Lease Trust (the "Company," "ORENT" "we" or "us") sold an aggregate of 18,520,740 of its common shares for gross proceeds of approximately $198.3 million, based on net asset value per share as of May 31, 2026. The offers and sales of these shares were exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2), Regulation D and/or Regulation S thereunder.
The following table details the common shares sold:
| Common shares | Number of Shares Sold | Gross Proceeds | ||||||||||||
| Class S | 6,982,329 | $74,701,320* | ||||||||||||
| Class N | 1,499,407 | $16,246,700* | ||||||||||||
| Class D | - | $- | ||||||||||||
| Class I | 10,039,004 | $107,399,275 | ||||||||||||
*Gross proceeds for Class S and Class N and shares include aggregate commissions, which consist of the sales load and dealer manager fees, of $536,415 and $186,700, respectively.
Item 8.01. Other Events.
Distributions
On June 23, 2026, the Company declared distributions for each outstanding class of its common shares in the amount per share set forth below:
| Gross Distribution | Shareholder Servicing Fee | Net Distribution | ||||||||||||||||||
| Class S | $0.0625000 | $(0.0074207) | $0.0550793 | |||||||||||||||||
| Class N | $0.0625000 | $(0.0044017) | $0.0580983 | |||||||||||||||||
| Class D | $0.0625000 | $(0.0021538) | $0.0603462 | |||||||||||||||||
| Class I | $0.0625000 | $- | $0.0625000 | |||||||||||||||||
The net distributions for each class of common shares (which represents the gross distributions less shareholder servicing fees for the applicable class of common shares) are payable to shareholders of record immediately following the close of business on June 30, 2026 and will be paid on or about July 17, 2026. These distributions will be paid in cash or reinvested in shares of the Company's common shares for shareholders participating in the Company's distribution reinvestment plan.
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