SC 13G: Net Lease Office Properties

Ticker: NLOP · Form: SC 13G · Filed: Feb 13, 2024 · CIK: 1952976

Sentiment: neutral

Topics: sc-13g

AI Summary

SC 13G filing by Net Lease Office Properties.

Risk Assessment

Risk Level: low

Filing Stats: 1,774 words · 7 min read · ~6 pages · Grade level 8.9 · Accepted 2024-02-13 17:42:26

Key Financial Figures

Filing Documents

(a)Name of Issuer

Item 1. (a)Name of Issuer Net Lease Office Properties (b)Address of Issuer’s Principal Executive Offices One Manhattan West, 395 9th Avenue, 58th Floor New York, New York 10001

(a)Name of Person Filing

Item 2. (a)Name of Person Filing Long Pond Capital, LP ("Long Pond LP"), Long Pond Capital GP, LLC ("Long Pond LLC"), John Khoury, and Long Pond U.S. Master, LP. (b)Address of Principal Business Office, or, if none, Residence 527 Madison Avenue, 15th Floor New York, NY 10022 (c)Citizenship Long Pond LP is a limited partnership organized under the laws of the State of Delaware.Long Pond LLC is a limited liability company organized under the laws of the State of Delaware. Mr. Khoury is the principal of Long Pond LP and is a Canadian citizen. Long Pond U.S. Master, LP is a limited partnership organized under the laws of the State of Delaware. (d)Title of Class of Securities Common Shares of Beneficial Interest, par value $0.001 per share (e) CUSIP No.: 64110Y108 CUSIP No. 64110Y108 SCHEDULE 13G Page 7 of 9 Pages

If

Item 3.If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 64110Y108 SCHEDULE 13G Page 8 of 9 Pages Item 4.Ownership (a) Long Pond LP, Long Pond LLC and Mr. Khoury are the beneficial owners of 1,086,462 shares of the Common Stock. Long Pond U.S. Master, LP is the beneficial owner of 749,807 shares of the Common Stock. (b) Long Pond LP, Long Pond LLC and Mr. Khoury are the beneficial owners of 7.4% of the outstanding shares of the Common Stock. Long Pond U.S. Master, LP is the beneficial owner of 5.1% of the outstanding shares of the Common Stock. This percentage is determined by dividing 1,086,462 and 749,807 respectively, by 14,620,919, the number of shares of the Common Stock issued and outstanding as of November 13, 2023, as reported in the Issuer's most recent Form 10

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