Source-grounded facts extracted from Net Lease Office Properties's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Net Lease Office Properties completed a disposition involving an unaffiliated third party for contractual sales price of $66.0 million (closed 2026-01-15).
“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.”
Net Lease Office Properties: On October 31, 2023, the Company filed the Amended and Restated Declaration of Trust to authorize up to 50,000,000 shares (45,000,000 common and 5,000,000 preferred), set REIT restrictions, and provide the Board with authority to elect REIT status (effective 2023-10-31).
“On October 31, 2023, the Company filed Articles of Amendment and Restatement of Declaration of Trust (the “ Amended and Restated Declaration of Trust ”) with the Maryland State Department of Assessments and Taxation (“ MSDAT ”). As further described in the Information Statement, the Amended and Restated Declaration of Trust, among other things, provides for the Company to issue up to 50,000,000 shares of beneficial interest, consisting of 45,000,000 Company Common Shares and 5,000,000 preferred shares, $0.001 par value per share. Each Company Common Share entitles the holder to one vote on matters submitted to a vote of shareholders, including the election of trustees. The Amended and Restated Declaration of Trust grants the Board the authority to cause the Company to elect to qualify for U.S. federal income tax treatment as a REIT. The Amended and Restated Declaration of Trust also set forth restrictions on ownership and transfer of the Company Common Shares in order for the Company t”
Net Lease Office Properties: On October 31, 2023, the Board adopted the Amended and Restated Bylaws, which provide for majority voting in uncontested elections, plurality voting in contested elections, and other governance provisions (effective 2023-10-31).
“On October 31, 2023, the Board adopted the Company’s Amended and Restated Bylaws (the “ Amended and Restated Bylaws ”). As further described in the Information Statement, the Amended and Restated Bylaws provide for the election of trustees, in uncontested elections, by a majority of the votes cast for and against such nominee at a meeting of shareholders duly called and at which a quorum is present. In contested elections, the election of trustees shall be by a plurality of all votes cast. requires that trustees must be elected by a majority of the votes cast in an uncontested election and by a plurality of the votes cast in a contested election. The Board may increase or decrease the number of trustees, but not below the minimum required by Maryland law or above the maximum permitted by the Amended and Restated Declaration of Trust. The Amended and Restated Bylaws also set forth the process by which shareholders may nominate individuals to stand for election to the Board or propose ot”
Net Lease Office Properties completed a disposition involving W. P. Carey Inc. (closed 2023-11-01).
“On November 1, 2023, W. P. Carey Inc. (“ WPC ”) completed the previously announced spin-off (the “ Spin-Off ”) of Net Lease Office Properties (the “ Company ”), pursuant to which WPC contributed certain office properties (“ Office Properties ”) to the Company (the contribution transactions, the “ Separation ”).”
Net Lease Office Properties entered into European Advisory Agreement with W. P. Carey & Co. B.V. valued at Monthly management fee of $625,000, subject to reduction; administrative reimbursement of $333,333.3 (effective 2023-11-01).
“On November 1, 2023, (i) the Company and W. P. Carey Management LLC, a wholly-owned subsidiary of WPC (the " U.S. Advisor "), entered into an advisory agreement (the " U.S. Advisory Agreement "); and (ii) the Company and W. P. Carey & Co. B.V., a wholly-owned subsidiary of WPC (the " European Advisor " and, together with the U.S. Advisor, the " Advisors "), entered into an advisory agreement (the " European Advisory Agreement " and, together with the U.S. Advisory Agreement, the " Advisory Agreements "), pursuant to which the Advisors will provide the Company with strategic management services, including asset management, property disposition support and various related services.”
Net Lease Office Properties entered into U.S. Advisory Agreement with W. P. Carey Management LLC valued at Monthly management fee of $625,000, subject to reduction; administrative reimbursement of $333,333.3 (effective 2023-11-01).
“On November 1, 2023, (i) the Company and W. P. Carey Management LLC, a wholly-owned subsidiary of WPC (the " U.S. Advisor "), entered into an advisory agreement (the " U.S. Advisory Agreement "); and (ii) the Company and W. P. Carey & Co. B.V., a wholly-owned subsidiary of WPC (the " European Advisor " and, together with the U.S. Advisor, the " Advisors "), entered into an advisory agreement (the " European Advisory Agreement " and, together with the U.S. Advisory Agreement, the " Advisory Agreements "), pursuant to which the Advisors will provide the Company with strategic management services, including asset management, property disposition support and various related services.”
Net Lease Office Properties entered into Tax Matters Agreement with WPC valued at Governs tax liabilities, returns, audits, and indemnification post-Distribution (effective 2023-10-31).
“On October 31, 2023, the Company and WPC entered into the Tax Matters Agreement that governs the respective rights, responsibilities and obligations of the Company and WPC after the Distribution with respect to tax liabilities and benefits, the preparation and filing of tax returns, the control of audits and other tax proceedings, tax covenants, tax indemnification, cooperation and information sharing.”
Net Lease Office Properties entered into Separation and Distribution Agreement with WPC valued at Transaction to transfer Office Properties and approximately $382.4 million liabilities (effective 2023-10-31).
“On October 31, 2023, in connection with the Spin-Off, the Company entered into the Separation and Distribution Agreement with WPC, which set forth the various individual transactions to be consummated that comprised the Separation and the Distribution, including the assets transferred to and liabilities assumed by the Company and its subsidiaries following the Distribution, including the transfer of the Office Properties by WPC to the Company and the transfer by the Company to WPC of approximately $382.4 million from borrowings from the NLOP Financing Arrangements (as defined below).”
Richard J. Pinola was appointed as Trustee at Net Lease Office Properties.
“each of Jason E. Fox, Axel K. A. Hansing, Jean Hoysradt and Richard J. Pinola were appointed to serve as trustees of the Board”
Jean Hoysradt was appointed as Trustee at Net Lease Office Properties.
“each of Jason E. Fox, Axel K. A. Hansing, Jean Hoysradt and Richard J. Pinola were appointed to serve as trustees of the Board”
Axel K. A. Hansing was appointed as Trustee at Net Lease Office Properties.
“each of Jason E. Fox, Axel K. A. Hansing, Jean Hoysradt and Richard J. Pinola were appointed to serve as trustees of the Board”
Jason E. Fox was appointed as Trustee at Net Lease Office Properties.
“each of Jason E. Fox, Axel K. A. Hansing, Jean Hoysradt and Richard J. Pinola were appointed to serve as trustees of the Board”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.