---
schema_version: "secwatch.filing_event.v1"
accession: "0001944366-25-000135"
form_type: "8-K"
ticker: null
cik: "0001944366"
company_name: "Blue Owl Real Estate Net Lease Trust"
filed_at: "2025-12-19T23:59:59+00:00"
generated_at: "2026-05-16T12:38:34.343755+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Blue Owl RE Net Lease Trust reports Nov NAV, sells $40.2M in Class I shares

## Summary
- Sold 3,833,067 Class I shares for ~$40.2M gross proceeds based on Nov 30 NAV.
- NAV per share as of Nov 30, 2025: Class S $10.4211, Class N $10.5058, Class D $10.2864, Class I $10.4927.
- Total NAV $7.78B; portfolio assets at fair value $10.37B across 3,857 properties.
- Weighted avg lease term 18 years; credit rating BBB from Morningstar DBRS.
- Consolidated debt: 74% fixed, weighted avg interest rate 5.3%, loan-to-value 32.3%.

## SEC filing metadata
- accession: 0001944366-25-000135
- form_type: 8-K
- cik: 0001944366
- company_name: Blue Owl Real Estate Net Lease Trust
- filed_at: 2025-12-19T23:59:59+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/1944366/000194436625000135/0001944366-25-000135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1944366/000194436625000135/osnl-20251215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001944366-25-000135
- JSON: https://secwatch.observer/filing/0001944366-25-000135.json
- Plain text: https://secwatch.observer/filing/0001944366-25-000135.txt

## Key facts
- Equity Issuances
  Blue Owl Real Estate Net Lease Trust issued 3,833,067 shares of common stock to feeder vehicles primarily created to hold the Company's Class I common shares for gross proceeds of approximately $40.2 million.
  - Security: common stock
  - Shares: 3,833,067 shares
  - Purchaser: feeder vehicles primarily created to hold the Company's Class I common shares
  - Consideration: gross proceeds of approximately $40.2 million
  source text: As of December 1, 2025, Blue Owl Real Estate Net Lease Trust (the “ Company ”, “ we ”, or “ us ”) sold 3,833,067 shares of its Class I common shares (with the final number of shares being determined on December 15, 2025) to feeder vehicles primarily created to hold the Company’s Class I common shares for gross proceeds of approximately $40.2 million, based on net asset value (“ NAV ”) per share as of November 30, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1944366/000194436625000135/0001944366-25-000135-index.htm

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