Fortress Net Lease REIT
10/17/2024 | Press release | Distributed by Public on 10/17/2024 09:33
Material Event Form 8 K
Item 3.02. Unregistered Sale of Equity Securities.
On October 14, 2024, Fortress Net Lease REIT (the "Company", "we" or "us") issued 49,657 Class E common shares to FNLR Management LLC, the Company's external manager (the "Adviser"), as payment for $503,229 of management fees. The price per share of the Class E common shares was equal to the net asset value ("NAV") per share of the Class E common shares as of August 31, 2024. The issuance of these shares was exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereunder.