---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-317926"
form_type: "8-K"
ticker: null
cik: "0002107762"
company_name: "HPS Net Lease Income REIT"
filed_at: "2026-07-27T19:08:41+00:00"
generated_at: "2026-07-27T19:10:09.992923+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# HPS Net Lease Income REIT establishes management, board, and shareholder programs

## Summary
- Advisory Agreement with ElmTree Funds (BlackRock affiliate) sets management fees of 0.50%-1.25% of NAV per annum by share class.
- Board expanded to five trustees; independent trustees Cummings, Hess, Van Dore; annual retainer $50k-$125k based on NAV.
- Distribution reinvestment plan adopted; share repurchase plan allows quarterly repurchases up to 5% of NAV with early deduction.
- Entered Dealer Manager Agreement with HPS Securities and Administration Agreement with HPS Investment Partners.

## SEC filing metadata
- accession: 0001193125-26-317926
- form_type: 8-K
- cik: 0002107762
- company_name: HPS Net Lease Income REIT
- filed_at: 2026-07-27T19:08:41+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2107762/000119312526317926/0001193125-26-317926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2107762/000119312526317926/d120209d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-317926
- JSON: https://secwatch.observer/filing/0001193125-26-317926.json
- Plain text: https://secwatch.observer/filing/0001193125-26-317926.txt

## Key facts
- Executive change
  Faith Rosenfeld resigned as Trustee at HPS Net Lease Income REIT.
  - Action: resigned
  - Role: Trustee
  source text: after which Ms. Rosenfeld resigned as Trustee of the Company and the Board reduced its size to five members.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2107762/000119312526317926/0001193125-26-317926-index.htm
- Executive change
  James G. Koman was elected as Trustee at HPS Net Lease Income REIT.
  - Action: elected
  - Role: Trustee
  source text: elected each of Robert F. Cummings, Jr., Lisa Hess, James G. Koman, David Lehman, and Robert Van Dore to the Board to fill the vacancies created by such increase, effective July 21, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/2107762/000119312526317926/0001193125-26-317926-index.htm
- Executive change
  Robert F. Cummings, Jr. was elected as Trustee at HPS Net Lease Income REIT.
  - Action: elected
  - Role: Trustee
  source text: elected each of Robert F. Cummings, Jr., Lisa Hess, James G. Koman, David Lehman, and Robert Van Dore to the Board to fill the vacancies created by such increase, effective July 21, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/2107762/000119312526317926/0001193125-26-317926-index.htm
- Executive change
  David Lehman was elected as Trustee at HPS Net Lease Income REIT.
  - Action: elected
  - Role: Trustee
  source text: elected each of Robert F. Cummings, Jr., Lisa Hess, James G. Koman, David Lehman, and Robert Van Dore to the Board to fill the vacancies created by such increase, effective July 21, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/2107762/000119312526317926/0001193125-26-317926-index.htm
- Executive change
  James G. Koman was appointed as Chairperson of the Board at HPS Net Lease Income REIT.
  - Action: appointed
  - Role: Chairperson of the Board
  source text: appointed Mr. Koman as the chairperson of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/2107762/000119312526317926/0001193125-26-317926-index.htm
- Executive change
  Robert Van Dore was elected as Trustee at HPS Net Lease Income REIT.
  - Action: elected
  - Role: Trustee
  source text: elected each of Robert F. Cummings, Jr., Lisa Hess, James G. Koman, David Lehman, and Robert Van Dore to the Board to fill the vacancies created by such increase, effective July 21, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/2107762/000119312526317926/0001193125-26-317926-index.htm
- Executive change
  Lisa Hess was elected as Trustee at HPS Net Lease Income REIT.
  - Action: elected
  - Role: Trustee
  source text: elected each of Robert F. Cummings, Jr., Lisa Hess, James G. Koman, David Lehman, and Robert Van Dore to the Board to fill the vacancies created by such increase, effective July 21, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/2107762/000119312526317926/0001193125-26-317926-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.