Results
Fortress Net Lease REIT
06/06/2025 | Press release | Distributed by Public on 06/06/2025 09:41
Private Placement (Form 8-K)
Item 3.02. Unregistered Sale of Equity Securities.
On June 2, 2025, Fortress Net Lease REIT (the "Company") issued and sold an aggregate of 3,433,868 common shares for gross proceeds of approximately $35.1 million, based on net asset value per share of the applicable class of common shares as of April 30, 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 | 1,024,356 | $ | 10,464,000 | |||||||||||
| Class F-S | 1,213,712 | $ | 12,377,440 | |||||||||||
| Class F-I | 1,195,800 | $ | 12,253,000 | |||||||||||
Item 8.01. Other Events.
On May 30, 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 | $ | 0.0681 | $ | - | $ | 0.0106 | $ | 0.0575 | |||||||||||||||
| Class F-S | $ | 0.0681 | $ | 0.0072 | $ | 0.0085 | $ | 0.0524 | |||||||||||||||
| Class F-I | $ | 0.0681 | $ | - | $ | 0.0085 | $ | 0.0596 | |||||||||||||||
| Class D-S | $ | 0.0681 | $ | - | $ | 0.0087 | $ | 0.0594 | |||||||||||||||
| Class E | $ | 0.0681 | $ | - | $ | - | $ | 0.0681 | |||||||||||||||
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 May30, 2025, and will be paid on or about June 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.
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