Blue Owl Real Estate Trust Declares June Distributions

The company allocated share classes based on investor tiers while setting differentiated net distribution rates.

July 07, 2025

Blue Owl Real Estate Net Lease Trust Completes Equity Sale and Announces June Distributions

Blue Owl Real Estate Net Lease Trust is moving forward with scale. On July 1, the company closed a $230.4 million private sale of common shares, strengthening its capital position across four investor classes. The sale was based on net asset values as of May 31 and executed under exemptions from registration rules, allowing the company to raise funds efficiently while staying aligned with regulatory frameworks.

Breakdown of Capital Raised

Here’s what that looks like in numbers:

• Class S: 10,267,459 shares sold, raising approximately $105.2 million


• Class I: 8,161,075 shares sold, totaling $83.6 million


• Class N: 2,934,636 shares sold, generating $30.5 million


• Class D: 1,093,635 shares sold, bringing in $11 million

For Class S and Class N, gross proceeds included sales-related costs—specifically, commissions and dealer manager fees—adding up to just over $1 million combined.

Distribution Details Across Share Classes

Alongside the capital raise, Blue Owl Real Estate declared June distributions across all share classes. Each class is set to receive a gross distribution of $0.0583333 per share. Net distributions vary based on shareholder servicing fees:

• Class I:$0.0583333 (no servicing fee applied)


• Class D:$0.0562378


• Class N:$0.0540565


• Class S:$0.0511208

Shareholders of record as of June 30 will receive their distributions on or around July 17. Payouts will be delivered either in cash or reinvested through the company’s distribution reinvestment plan, depending on shareholder elections.

Between the fundraising momentum and scheduled payouts, Blue Owl Real Estate Net Lease Trust is executing on both sides—building capital and delivering consistent investor returns.