Fortress Net Lease REIT
09/09/2024 | Press release | Distributed by Public on 09/09/2024 13:29
Material Event Form 8 K
Item 3.02. Unregistered Sale of Equity Securities.
On September 3, 2024, Fortress Net Lease REIT (the "Company") issued and sold an aggregate of 4,037,288 common shares for gross proceeds of approximately $40.5 million, based on net asset value per share of the applicable class of common shares as of July 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 F-I | 3,007,485 | $ | 30,176,500 |
| Class F-S | 633,858 | $ | 6,360,000 |
| Class D-X* | 395,946 | $ | 4,000,000 |