{"schema_version":"secwatch.filing_event.v1","accession":"0001952976-26-000058","form_type":"8-K","ticker":"NLOP","cik":"0001952976","company_name":"Net Lease Office Properties","filed_at":"2026-08-05T20:06:05+00:00","discovered_at":"2026-08-05T20:07:00.324022+00:00","generated_at":"2026-08-05T20:07:49.076646+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NLOP portfolio shrinks to 18 properties; Intuit mortgage in default; $3.30 special distribution paid","bullets":["Portfolio reduced from 59 to 18 properties; ABR down from $145M to $25M since spin in 2023.","Paid special cash distribution of $3.30 per share (~$49M) on April 14, 2026; total distributions $22.69/share (~$336M).","Intuit property mortgage ($22M, 7.0% rate) matured July 6, 2026 and not repaid; lender may foreclose; default interest accruing at 5% additional.","Lease renewals and extensions on 1.2M sq ft achieved 91.9% rent recapture; new leases added $780K ABR.","Gross proceeds from 41 property dispositions total $813M; remaining portfolio has 18 properties with $24.8M ABR."],"urls":{"canonical":"https://secwatch.observer/filing/0001952976-26-000058","json":"https://secwatch.observer/filing/0001952976-26-000058.json","markdown":"https://secwatch.observer/filing/0001952976-26-000058.md","text":"https://secwatch.observer/filing/0001952976-26-000058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000058/0001952976-26-000058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1952976/000195297626000058/nlop-20260805.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-05T20:07:49.076646+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}