Blue Owl Real Estate Net Lease Trust Files 8-K
| Field | Detail |
|---|---|
| Company | Blue Owl Real Estate Net Lease Trust |
| Form Type | 8-K |
| Filed Date | Sep 22, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $58.6 m, $8,938,857 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, equity-securities, real-estate
TL;DR
Blue Owl Real Estate Net Lease Trust filed an 8-K on Sep 22, reporting unregistered equity sales and other events from Sep 16.
AI Summary
Blue Owl Real Estate Net Lease Trust filed an 8-K on September 22, 2025, reporting on unregistered sales of equity securities and other events that occurred on September 16, 2025. The filing details transactions related to the company's real estate portfolio. The company was formerly known as Oak Street Net Lease Trust until August 29, 2022.
Why It Matters
This filing provides updates on the company's equity and other corporate activities, which could impact investors' understanding of its financial structure and operational status.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting routine events and unregistered sales, not indicating immediate significant financial distress or major strategic shifts.
Key Players & Entities
- Blue Owl Real Estate Net Lease Trust (company) — Registrant
- Oak Street Net Lease Trust (company) — Former company name
- September 16, 2025 (date) — Date of earliest event reported
- September 22, 2025 (date) — Filing date
FAQ
What specific type of equity securities were sold unregistered?
The filing does not specify the exact type of equity securities sold unregistered, only that such sales occurred.
What were the 'Other Events' reported in the 8-K?
The filing lists 'Other Events' as an item information category but does not detail the specific events within this 8-K excerpt.
When did the company change its name from Oak Street Net Lease Trust?
The company changed its name from Oak Street Net Lease Trust on August 29, 2022.
What is the principal executive office address for Blue Owl Real Estate Net Lease Trust?
The principal executive offices are located at 150 N Riverside Plaza, 37th Floor, Chicago, IL 60606.
What is the Commission File Number for this registrant?
The Commission File Number for Blue Owl Real Estate Net Lease Trust is 000-56536.
Filing Stats: 959 words · 4 min read · ~3 pages · Grade level 11.2 · Accepted 2025-09-22 16:15:47
Key Financial Figures
- $58.6 m — res for gross proceeds of approximately $58.6 million, based on net asset value (" NAV
- $8,938,857 — otal portfolio assets at fair value are $8,938,857. The Company has a credit rating of BBB
Filing Documents
- osnl-20250916.htm (8-K) — 58KB
- 0001944366-25-000112.txt ( ) — 170KB
- osnl-20250916.xsd (EX-101.SCH) — 2KB
- osnl-20250916_lab.xml (EX-101.LAB) — 20KB
- osnl-20250916_pre.xml (EX-101.PRE) — 12KB
- osnl-20250916_htm.xml (XML) — 3KB
02. Unregistered Sale of Equity Securities
Item 3.02. Unregistered Sale of Equity Securities. As of September 2, 2025, Blue Owl Real Estate Net Lease Trust (the " Company ", " we ", or " us ") sold 5,646,372 shares of its Class I common shares (with the final number of shares being determined on September 16, 2025) to feeder vehicles primarily created to hold the Company's Class I common shares for gross proceeds of approximately $58.6 million, based on net asset value (" NAV ") 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.
01. Other Events
Item 8.01. Other Events. August 31, 2025 NAV Per Share The NAV per share for each class of our common shares as of August 31, 2025 is set forth below: NAV per share Class S $ 10.3196 Class N $ 10.4039 Class D $ 10.1942 Class I $ 10.3866 A detailed calculation of the NAV per share is set forth below. We calculate NAV per share in accordance with the valuation guidelines that have been approved by our Board of Trustees. Our total NAV presented in the following tables includes the NAV of our Class S, Class N, Class D, and Class I common shares, as well as the partnership interests of Blue Owl NLT Operating Partnership LP (" NLT OP ") held by parties other than the Company. The following table provides a breakdown of the major components of our NAV as of August 31, 2025 ($ in thousands): Components of NAV August 31, 2025 Cash and cash equivalents $ 96,474 Restricted cash 46,790 Investments in real estate 3,344,062 Investment in leases - financing receivables 314,913 Investments in real estate debt 1,294,101 Intangible assets 214,114 Investments in unconsolidated real estate affiliates 3,763,041 Other assets 42,370 Mortgage notes and credit facility (1,598,930) Unsecured senior notes, net (126,539) Due to affiliates (41,173) Accounts payable and accrued expenses (114,053) Other liabilities (445,056) Net Asset Value $ 6,790,114 Number of outstanding shares/units 655,506,470 The following table provides a breakdown of our total NAV and NAV per share/unit by class as of August 31, 2025 ($ in thousands, except per share/unit data): NAV per share Class S Shares Class N Shares Class D Shares Class I Shares Third - Party Operating Partnership Units (1) Total Monthly NAV $ 2,722,788 $ 407,468 $ 71,859 $ 3,220,175 $ 367,824 $ 6,790,114 Number of outstanding shares/units 263,845,987 39,164,840 7,049,072 310,033,114 35,413,457 655,506,470 NAV Per Share/Unit as of August 31, 2025 $ 10.3196 $ 10.4039 $ 10.1942 $ 10.3866 $ 10.3866 _________
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Blue Owl Real Estate Net Lease Trust By: /s/ Kevin Halleran Name: Kevin Halleran Title: Chief Financial Officer Date: September 22, 2025