---
schema_version: "secwatch.filing_event.v1"
accession: "0001952976-26-000005"
form_type: "8-K"
ticker: "NLOP"
cik: "0001952976"
company_name: "Net Lease Office Properties"
filed_at: "2026-01-20T23:59:59+00:00"
generated_at: "2026-05-16T09:37:33.699905+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NLOP sells KBR-leased Houston office building for $66M, net proceeds $65.4M

## Summary
- Sold 1,064,788 sq ft building to unaffiliated third party for $66M contractual price; net proceeds ~$65.4M.
- Disposition completed Jan 15, 2026; property was fully leased to KBR, Inc.
- Pro forma financials show removal of property revenues of $30.2M (FY2024) and $21.9M (9M 2025) and associated expenses.
- Pro forma net loss improved from $(145.2M) to $(69.8M) for 9M 2025, partly due to elimination of $81.6M impairment on sold property.
- Cash balance pro forma increases to $104.1M from $38.7M, reflecting net proceeds.

## SEC filing metadata
- accession: 0001952976-26-000005
- form_type: 8-K
- ticker: NLOP
- cik: 0001952976
- company_name: Net Lease Office Properties
- filed_at: 2026-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/nlop-20260115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001952976-26-000005
- JSON: https://secwatch.observer/filing/0001952976-26-000005.json
- Plain text: https://secwatch.observer/filing/0001952976-26-000005.txt

## Source-grounded claims
- claim_id: e04a9fef4906244cc6c8c42d687b25080c3bc014
  claim: Net Lease Office Properties completed a disposition involving an unaffiliated third party for contractual sales price of $66.0 million (closed 2026-01-15).
  evidence_excerpt: On January 15, 2026, Net Lease Office Properties completed the disposition of a 1,064,788 square foot office building leased to KBR, Inc. in Houston, Texas, to an unaffiliated third party for a contractual sales price of $66.0 million and net proceeds of approximately $65.4 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1952976/000195297626000005/0001952976-26-000005-index.htm

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