Fortress Net Lease REIT
08/07/2025 | Press release | Distributed by Public on 08/07/2025 14:57
Private Placement (Form 8-K)
Item 3.02 Unregistered Sales of Equity Securities.
On August 1, 2025, Fortress Net Lease REIT (the "Company" or "we") issued and sold an aggregate of 2,850,840 common shares for gross proceeds of approximately $29.2 million, based on net asset value per share of the applicable class of common shares as of June 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 |
753,134 |
$ |
7,709,000 |
|||||
|
Class F-S |
1,169,626 |
$ |
11,962,000 |
|||||
|
Class F-I |
928,080 |
$ |
9,541,500 |
|||||
Item 8.01 Other Events.
On July 31, 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 |
$ |
0.0683 |
$ |
- |
$ |
0.0107 |
$ |
0.0576 |
||||||||
|
Class F-S |
$ |
0.0683 |
$ |
0.0072 |
$ |
0.0085 |
$ |
0.0525 |
||||||||
|
Class F-I |
$ |
0.0683 |
$ |
- |
$ |
0.0086 |
$ |
0.0597 |
||||||||
|
Class D-S |
$ |
0.0683 |
$ |
- |
$ |
0.0087 |
$ |
0.0595 |
||||||||
|
Class E |
$ |
0.0683 |
$ |
- |
$ |
- |
$ |
0.0683 |
||||||||
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 July 31, 2025, and will be paid on or about August 4, 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.
Fortress Net Lease REIT published this content on August 07, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on August 07, 2025 at 20:57 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]