---
schema_version: "secwatch.filing_event.v1"
accession: "0001944366-25-000112"
form_type: "8-K"
ticker: null
cik: "0001944366"
company_name: "Blue Owl Real Estate Net Lease Trust"
filed_at: "2025-09-22T23:59:59+00:00"
generated_at: "2026-05-17T06:01:02.675566+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Blue Owl Real Estate Net Lease Trust sells 5.6M Class I shares for $58.6M; reports Aug NAV per share

## Summary
- Sold 5,646,372 Class I shares at $10.3866 NAV per share for ~$58.6M gross proceeds in unregistered offering.
- NAV per share as of Aug 31, 2025: Class S $10.3196, Class N $10.4039, Class D $10.1942, Class I $10.3866.
- Total portfolio assets $8.94B across 3,699 properties; weighted avg lease term 16 years; 89.4% debt fixed.
- Credit rating BBB (Morningstar DBRS); weighted avg interest rate 5.2%; loan-to-value 36.6%.

## SEC filing metadata
- accession: 0001944366-25-000112
- form_type: 8-K
- cik: 0001944366
- company_name: Blue Owl Real Estate Net Lease Trust
- filed_at: 2025-09-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1944366/000194436625000112/0001944366-25-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1944366/000194436625000112/osnl-20250916.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001944366-25-000112
- JSON: https://secwatch.observer/filing/0001944366-25-000112.json
- Plain text: https://secwatch.observer/filing/0001944366-25-000112.txt

## Key facts
- Equity Issuances
  Blue Owl Real Estate Net Lease Trust issued 5,646,372 shares of common stock to feeder vehicles primarily created to hold the Company's Class I common shares for gross proceeds of approximately $58.6 million.
  - Security: common stock
  - Shares: 5,646,372 shares
  - Purchaser: feeder vehicles primarily created to hold the Company's Class I common shares
  - Consideration: gross proceeds of approximately $58.6 million
  source text: As of September 2, 2025, Blue Owl Real Estate Net Lease Trust (the “ Company ”, “ we ”, or “ us ”) sold 5,646,372 shares of its Class I common shares (with the final number of shares being determined on September 16, 2025) to feeder vehicles primarily created to hold the Company’s Class I common shares for gross proceeds of approximately $58.6 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1944366/000194436625000112/0001944366-25-000112-index.htm

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