Blue Owl Real Estate Net Lease Trust Reports $39.1 Million in Class I Share Sales

NAV per share remains stable as company reports unregistered equity sale.

March 20, 2025

Blue Owl Raises $39.1 Million Through Class I Share Sales

Blue Owl Real Estate Net Lease Trust has secured $39.1 million in gross proceeds through the sale of over 3.8 million Class I common shares. These shares were placed into feeder vehicles specifically designed to hold the company’s Class I shares, with the final count confirmed on March 17, 2025. The transaction was executed under an exemption from SEC registration requirements, streamlining the process.

NAV Per Share Holds Steady

At the same time, the company released its latest net asset value (NAV) figures as of February 28, 2025. Class I shares were priced at $10.2004 per share, while Class S, Class N, and Class D shares ranged between $10.0168 and $10.2196. NAV calculations factored in a diverse asset base, including:

• Real estate holdings


• Financing receivables


• Real estate debt investments

Financial Position and Liabilities

Blue Owl Real Estate Net Lease Trust reported a total NAV of approximately $5.17 billion, with real estate assets making up a significant portion of its portfolio. Mortgage notes and credit facilities accounted for about $1.36 billion in liabilities, while unsecured senior notes totaled $126.4 million.

Regulatory Considerations

As an emerging growth company , Blue Owl Real Estate Net Lease Trust operates with certain regulatory advantages, allowing for streamlined reporting. Its latest disclosures offer a clear snapshot of its capital activity, asset values, and financial position, providing investors with the information they need to track NAV performance across share classes.