North Haven Net REIT
10/03/2024 | Press release | Distributed by Public on 10/03/2024 14:12
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 October 1, 2024, the Company sold an aggregate of 749,008 common shares (the "Shares") for aggregate consideration of approximately $15.1 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 | 526,902 | $ | 10,669,454 |
| Class F-S Common Shares | 2,490 | $ | 51,000 |
| Class I Common Shares | 171,321 | $ | 3,435,000 |
| Class E Common Shares | 48,295 | $ | 970,000 |
(1) Includes upfront selling commissions and dealer manager fees for Class F-S and Class S Common Shares of $0.1 million.