Venu sells parking property for $14M in sale-leaseback; buyer is related party

Venu Holding Corp

Sale-leaseback of 5.5-acre parking lot at Ford Amphitheater for $14M: $7.6M cash + $6.4M common stock to be retired.
Buyer Belmont Manor Apartments, LLC is wholly owned by a significant Venu shareholder (related-party transaction).
Seller (NLRE) will ground-lease the property back; initial annual rent is $1.05M with annual escalator.
NLRE holds a three-year option to repurchase the property at a fixed price; shares delivered will be retired into treasury.
Transaction closed on Nov 5, 2025; proceeds provide liquidity while Venu retains parking use.

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