---
schema_version: "secwatch.filing_event.v1"
accession: "0001944366-24-000044"
form_type: "8-K"
ticker: null
cik: "0001944366"
company_name: "Blue Owl Real Estate Net Lease Trust"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:31:56.714934+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001944366-24-000044
- form_type: 8-K
- cik: 0001944366
- company_name: Blue Owl Real Estate Net Lease Trust
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1944366/000194436624000044/0001944366-24-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1944366/000194436624000044/osnl-20240419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001944366-24-000044
- JSON: https://secwatch.observer/filing/0001944366-24-000044.json
- Plain text: https://secwatch.observer/filing/0001944366-24-000044.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1944366/000194436624000044/0001944366-24-000044-index.htm
- Governance Changes
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1944366/000194436624000044/0001944366-24-000044-index.htm

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