Blue Owl Real Estate Net Lease Trust: sells 2,883,572 Class I shares

What happened

• The filing reports that, as of Oct 1, 2026, Blue Owl Real Estate Net Lease Trust "sold" 2,883,572 shares of its Class I common shares to feeder vehicles for gross proceeds of approximately $31,000,000, with the final number of shares determined on Oct 16, 2026. The filing states the offers and sales were exempt from registration pursuant to Section 4(a)(2), Regulation D and/or Regulation S.
• The filing also states the NAV per share for each class as of Sep 30, 2026, and provides a detailed NAV calculation and portfolio update.

Key details

• Gross proceeds from the Class I share sale: approximately $31,000,000 (based on NAV per share as of Sep 30, 2026).
• NAV per share as of Sep 30, 2026: Class S $10.6874; Class N $10.7785; Class D $10.5404; Class I $10.7668.
• Total net asset value: $10,061,074; number of outstanding shares/units: 937,362,677.
• Portfolio and financing metrics as of Sep 30, 2026: interests in 4,097 properties (428 wholly owned); remaining weighted average base lease term 16 years; fully extended lease term 35 years; total portfolio assets at fair value $15,645,399; credit rating BBB; 54.6% of consolidated real estate portfolio debt fixed; weighted average interest rate 5.1%; loan-to-value 39.8%.

Why it may matter

• Item reported: Item 3.02 (unregistered sales of equity securities) covers the sale of Class I common shares to feeder vehicles under exemptions from registration. Item reported: Item 8.01 (other events) covers the company’s NAV per share by class as of Sep 30, 2026 and related NAV and portfolio disclosures.
• The filing presents the amounts, dates and the valuation tables and portfolio metrics listed above. The filing does not show why the insider traded or why the company acted.