Blue Owl Real Estate Net Lease Trust Raises $231.8M Through Equity Sale

The capital raise was executed across four share classes and coincided with the declaration of August distributions.

September 05, 2025

Capital Inflows Cross $230M Across Four Share Classes

On September 2, 2025, Blue Owl Real Estate Net Lease Trust (ORENT) brought in $231.8 million in new capital. The company sold over 22.4 million shares across four classes, pricing them based on the July 31 net asset value. The offering was conducted under exemptions from SEC registration rules, allowing for a more targeted placement.

Here's how the breakdown looks:

• Class S:$110.6 million


• Class I:$100.9 million


• Class N:$16.7 million


• Class D:$3.5 million

These figures reflect gross proceeds. Commissions were included in Class S and Class N sales, totaling approximately $734,000 and $253,000, respectively.

This new capital aligns with ORENT’s broader strategy. The company continues to lean on investor inflows to support its real estate acquisition pipeline and deliver consistent shareholder returns.

Monthly Distributions Declared for August

At the same time, ORENT declared its latest monthly distributions on August 27. Each share class receives the same gross distribution— $0.05833 per share —but net payouts vary based on servicing fees:

• Class I:$0.05833 (no fees applied)


• Class D:$0.05622


• Class N:$0.05402


• Class S:$0.05106

The record date for these distributions is August 31, and payments are scheduled to go out—or be reinvested—by September 17. Investors enrolled in the company’s reinvestment plan will see new shares added to their accounts automatically.

Between the equity raise and the distribution announcement, ORENT is executing on its mandate: bring in capital, deploy it effectively, and deliver monthly income to investors. This dual move—fresh capital in, distributions out—keeps the cycle in motion.