09/05/2025 | Press release | Distributed by Public on 09/05/2025 10:22
On September 2, 2025, Fortress Net Lease REIT (the "Company" or "we") issued and sold an aggregate of 5,018,337 common shares for gross proceeds of approximately $51.5 million, based on net asset value per share of the applicable class of common shares as of July 31, 2025. 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 I |
1,952,381 |
$ |
20,020,500 |
|||||
Class F-S |
1,275,475 |
$ |
13,070,300 |
|||||
Class F-I |
1,790,481 |
$ |
18,445,000 |
On August 29, 2025, the Company declared distributions for each class of its common shares in the amount per share set forth below:
Gross Distribution |
Shareholder Servicing Fee |
Management Fee |
Net Distribution |
|||||||||||||
Class I |
$ |
0.0707 |
$ |
- |
$ |
0.0107 |
$ |
0.0600 |
||||||||
Class F-S |
$ |
0.0707 |
$ |
0.0073 |
$ |
0.0085 |
$ |
0.0549 |
||||||||
Class F-I |
$ |
0.0707 |
$ |
- |
$ |
0.0086 |
$ |
0.0621 |
||||||||
Class D-S |
$ |
0.0707 |
$ |
- |
$ |
0.0087 |
$ |
0.0619 |
||||||||
Class E |
$ |
0.0707 |
$ |
- |
$ |
- |
$ |
0.0707 |
The net distributions for each class of common shares (which represents the gross distributions less shareholder servicing fees and management fees for the applicable class of common shares) are payable to shareholders of record immediately following the close of business on August 29, 2025, and will be paid on or about September 3, 2025. These distributions will be paid in cash or reinvested in the applicable class of the Company's common shares for shareholders participating in the Company's distribution reinvestment plan.