Fortress Net Lease REIT
09/19/2024 | Press release | Distributed by Public on 09/19/2024 14:15
Material Event Form 8 K
Item 3.02. Unregistered Sale of Equity Securities.
On September 13, 2024, Fortress Net Lease REIT (the "Company", "we" or "us") issued 45,450 Class E common shares to FNLR Management LLC, the Company's external manager (the "Adviser"), as payment for $459,566 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 July 31, 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.