Blue Owl Real Estate Net Lease Trust creates new Class N shares; updates governing docs

Blue Owl Real Estate Net Lease Trust

Designated new Class N common shares with rights similar to existing Class S, D, I shares.
Class N-1 Units created with investor servicing fee of 0.50% per annum of net asset value.
Amended dealer manager agreement and participating broker-dealer agreement to reflect Class N.
Share repurchase plan and distribution reinvestment plan amended to include Class N shares.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Blue Owl Real Estate Net Lease Trust: Adopted Third Amended and Restated Declaration of Trust designating new Class N shares (effective 2024-04-19).

Change: bylaw amendment
Effective: 2024-04-19

Exact text from the filing

On April 19, 2024, the Company adopted the Third Amended and Restated Declaration of Trust (the “Amended Declaration of Trust”) pursuant to which the Company designated the new Class N shares.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Blue Owl Real Estate Net Lease Trust: Entered into Fourth Amended and Restated Limited Partnership Agreement to establish Class N and Class N-1 OP Units (effective 2024-04-19).

Effective: 2024-04-19

Exact text from the filing

On April 19, 2024, the Company, on behalf of itself as a general partner and on behalf of the limited partners thereto, entered into the Fourth Amended and Restated Limited Partnership Agreement (the “Amended Operating Partnership Agreement”) of Blue Owl NLT Operating Partnership LP (the “Operating Partnership”).

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Source: SEC EDGAR

accession 0001944366-24-000044

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