Oak Street Net Lease Trust

10/03/2025 | Press release | Distributed by Public on 10/03/2025 14:28

Private Placement (Form 8-K)

Item 3.02. Unregistered Sale of Equity Securities.
On October 1, 2025, Blue Owl Real Estate Net Lease Trust (the "Company," "ORENT" "we" or "us") sold an aggregate of 23,894,685 of its common shares for gross proceeds of approximately $248.3 million, based on net asset value per share as of August 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 S 12,053,374 $125,066,221*
Class N 2,431,252 $25,662,590*
Class D 980,950 $10,000,000
Class I 8,429,110 $87,549,792
*Gross proceeds for Class S and Class N shares include aggregate commissions, which consist of the sales load and dealer manager fees, of $680,226 and $368,090, respectively.
Item 8.01. Other Events.
On September 22, 2025, 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 $0.0583333 $(0.0073097) $0.0510236
Class N $0.0583333 $(0.0043350) $0.0539983
Class D $0.0583333 $(0.0021238) $0.0562095
Class I $0.0583333 $- $0.0583333
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 September 30, 2025 and will be paid on or about October 17, 2025. 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.
Oak Street Net Lease Trust published this content on October 03, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on October 03, 2025 at 20:28 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]