Oak Street Net Lease Trust
10/03/2024 | Press release | Distributed by Public on 10/03/2024 14:17
Material Event Form 8 K
Item 3.02. Unregistered Sale of Equity Securities.
On October 1, 2024, Blue Owl Real Estate Net Lease Trust (the "Company," "ORENT" "we" or "us") sold an aggregate of 17,800,021 of its common shares for gross proceeds of approximately $180.7 million, based on net asset value per share as of August 31, 2024. The offers and sales of these shares were exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2), Regulation D and/or Regulation S thereunder.
The following table details the common shares sold:
| Common shares | Number of Shares Sold | Gross Proceeds |
| Class S | 6,632,668 | $67,183,662* |
| Class N | 2,417,395 | $24,892,935* |
| Class D | - | $- |
| Class I | 8,749,958 | $88,620,450 |
*Gross proceeds for Class S and Class N shares include aggregate commissions, which consist of the sales load and dealer manager fees, of $396,012 and $339,935 respectively.