North Haven Net REIT Sells $68.1M in Common Shares in Private Offering

What Happened

• North Haven Net REIT filed an 8‑K (dated September 8, 2026) reporting that on September 1, 2026 the company sold an aggregate of 3,254,849 common shares for approximately $68.1 million (plus applicable upfront selling commissions and dealer manager fees). The shares were sold at the most recently determined net asset value (NAV) per share as part of the company’s continuous private offering. The offering was exempt from registration under Section 4(a)(2) and Rule 506 of Regulation D.

Key Details

• Total shares sold: 3,254,849 common shares for approx. $68,115, (reported as ~$68.1M).
• Breakdown by class and proceeds:
  • Class S Common: 1,810,618 shares — $37,995,401 (includes $0.3M in upfront selling commissions and dealer manager fees)
  • Class F‑I Common: 114,696 shares — $2,400,000
  • Class I Common: 1,042,034 shares — $21,702,853
  • Class E Common: 287,501 shares — $6,016,500
• Transaction exempt from Securities Act registration under Section 4(a)(2) and Rule 506 (Reg D). 8‑K signed by Douglas Armer, Chief Financial Officer and Head of Capital Markets, on September 8, 2026.

Why It Matters

• The offering raised roughly $68.1 million in gross proceeds for North Haven Net REIT, increasing the company’s capital base via a private continuous offering.
• Multiple share classes were issued, and the filing discloses upfront commissions for Class S shares ($0.3M), which affects net proceeds.
• Retail investors should note the issuance of new shares via a private offering (exempt Reg D), and review the company’s other filings for details on outstanding share counts, NAV changes, and any potential dilution or use of proceeds.