Fortress Net Lease REIT: M&A transaction — Fortress Net Lease REIT acquires 3 industrial properties from Syngenta for $206.65M

Fortress Net Lease REIT

Acquisition of 3 industrial properties from Syngenta AG subsidiaries for $206.65M on Oct 23, 2024.
Properties located in Vero Beach, FL; Lone Tree, IA; and Waterloo, NE.
Properties leased back to seller under absolute triple net master lease.
Financed using proceeds from company's continuous private offering.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Fortress Net Lease REIT completed an acquisition involving certain subsidiaries of Syngenta AG for $206,650,000.00 (closed 2024-10-23).

Action: acquisition
Counterparty: certain subsidiaries of Syngenta AG
Consideration: $206,650,000.00
Closing: 2024-10-23

Exact text from the filing

a subsidiary of the Company acquired a portfolio of 3 industrial properties from the Seller for an aggregate purchase price of $206,650,000.00

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Source: SEC EDGAR

accession 0001140361-24-044551

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