Fortress Net Lease REIT Raises $45 Million in Equity Sale
The company issues over 4.4 million shares, declares distributions across share classes.
March 10, 2025
Fortress Net Lease REIT has closed a $45 million private equity sale, issuing over 4.4 million common shares across multiple share classes. The shares were priced based on net asset value as of January 31, 2025, and the sale was conducted under SEC exemptions, including Section 4(a)(2), Regulation D, and Regulation S.
Breakdown of Share Issuance
The company allocated shares across different classes, with the largest portion going to Class F-I shareholders:
- Class F-I: 2,089,122 shares issued, raising approximately $21.3 million.
- Class F-S: 1,184,025 shares issued, totaling about $12 million.
- Class I: 1,142,769 shares issued, generating around $11.6 million.
- Class E: 2,408 shares issued, bringing in $25,000.
Declared Distributions and Payment Schedule
Alongside the share issuance, Fortress Net Lease REIT announced distributions for all common share classes. Each share will receive a gross distribution of $0.0552. For share classes with servicing fees, net distribution amounts have been adjusted accordingly.
Payments are scheduled for March 4, 2025. Shareholders can choose to receive distributions in cash or reinvest them into additional shares through the company's reinvestment plan.
Strategic Implications
With this latest capital raise and distribution announcement, Fortress Net Lease REIT continues to execute its investment strategy. The company is leveraging private placements to support its portfolio while maintaining consistent shareholder returns.
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