North Haven Net REIT
12/12/2024 | Press release | Distributed by Public on 12/12/2024 15:22
Private Placement Form 8 K
Item 3.02 Unregistered Sales of Equity Securities.
In connection with North Haven Net REIT's, a Maryland statutory trust (the "Company"), continuous private offering, on December 2, 2024, the Company sold an aggregate of 844,883 common shares (the "Shares") for aggregate consideration of approximately $17.1 million, plus applicable upfront selling commissions and dealer manager fees, at the most recently determined net asset value per share. The offer and sale of the Shares was exempt from the registration provisions of the Securities Act of 1933, as amended, by virtue of Section 4(a)(2) and Rule 506 of Regulation D promulgated thereunder.
The following table details the Shares sold:
| Title of Securities | Number of Shares Sold |
Aggregate Consideration (1)
|
|
| Class S Common Shares | 545,866 | $ | 11,064,501 |
| Class I Common Shares | 191,282 | $ | 3,845,000 |
| Class E Common Shares | 107,735 | $ | 2,170,000 |
(1) Includes upfront selling commissions and dealer manager fees for Class S Common Shares of $0.1 million.
As of December 2, 2024, the Company, sold an aggregate of 261,272 Class F-I common shares (with the final number of Shares being determined on December 12, 2024) for aggregate consideration of approximately $5,267,790 based on net asset value per share as of November 30, 2024, to feeder vehicles primarily created to hold the Company's Class F-I common shares, Class I common shares and Class E common shares. The offer and sale of the Class F-I common shares was exempt from the registration provisions of the Securities Act of 1933, as amended, by virtue of Section 4(a)(2) and Rule 506 of Regulation D promulgated thereunder.