North Haven Net REIT: M&A transaction — North Haven Net REIT acquires $343M portfolio from Nissan; sells $27.1M common shares

North Haven Net REIT

Acquired four industrial properties from Nissan North America for ~$343M, funded with cash on hand.
Properties located in Los Angeles, Dallas, Chicago, and New York-Newark-Jersey City.
Leased back to Nissan under triple net master lease; no prior leasing history as owner-occupied.
Sold 1,338,573 common shares for ~$27.1M aggregate consideration at NAV per share under Reg D.
Shares sold: Class S $12.6M, Class I $13.0M, Class E $1.6M, plus applicable fees.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

North Haven Net REIT completed an acquisition involving Nissan North America, Inc. for approximately $343 million (closed 2025-04-03).

Action: acquisition
Counterparty: Nissan North America, Inc.
Consideration: approximately $343 million
Closing: 2025-04-03

Exact text from the filing

On April 3, 2025, North Haven Net REIT, a Maryland statutory trust (the “Company”), entered into an agreement for the purchase and sale of real estate (the “Purchase Agreement”) with Nissan North America, Inc. (the “Seller”). Pursuant to the Purchase Agreement, the Company acquired a portfolio of four industrial properties (the “Acquired Properties”) from the Seller for an aggregate purchase price of approximately $343 million, inclusive of transaction costs (the “Acquisition”).

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Source: SEC EDGAR

accession 0001999784-25-000030

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