Fortress Net Lease REIT
11/20/2024 | Press release | Distributed by Public on 11/20/2024 10:47
Material Event Form 8 K
Item 3.02. Unregistered Sale of Equity Securities.
On November 14, 2024, Fortress Net Lease REIT (the "Company", "we" or "us") issued 57,950 Class E common shares to FNLR Management LLC, the Company's external manager (the "Adviser"), as payment for $592,178 of management fees. The price per share of the Class E common shares was equal to the net asset value ("NAV") per share of the Class E common shares as of September 30, 2024. The issuance of these shares was exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereunder.