secwatch.observer — SEC 8-K summary
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Issuer:     North Haven Net REIT (—)
CIK:        0001999784
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001104659-24-043627
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

North Haven Net REIT closes initial offering raising ~$224M; Morgan Stanley invests $25M; board appointed
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- Sold 11.2M shares for ~$224M at $20/share in initial closing of continuous private offering.
- Morgan Stanley (MSREI Holding) purchased 1.25M Class E shares/units for $25M; lock-up until NAV >$1.5B or Apr 2027.
- Board expanded to five members then reduced to four; appointed Craig Callen, Katie Barthmaier, Lawrence Schloss as independent, Lauren Hochfelder as MS affiliate.
- Adopted share repurchase plan (5% quarterly NAV cap) and distribution reinvestment plan.
- Entered advisory agreement with MSREF Real Estate Advisor; terminated warehouse facility with MSREI Holding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1999784/000110465924043627/0001104659-24-043627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1999784/000110465924043627/tm2410754d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-043627

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