RE · REAL ESTATE

Blue Owl Real Estate Net Lease Trust

Blue Owl · Single-Tenant Net Lease REIT (Private Placement)

Program Overview

Single-Tenant Net Lease REIT (Private Placement)

Peer Group Filters

Objectives: IncomeCapital AppreciationCapital PreservationDiversificationTotal ReturnLow Traditional CorrelationLow Volatility
Vehicle: REIT
Single / Multi Asset: Multi-Asset

Sponsor/Manager

Blue Owl

Asset Class

Real Estate

Issuer

Blue Owl Real Estate Net Lease Trust

Issuer Legal Structure

Maryland Statutory Trust

Program Life Structure

Perpetual

Securities Offered

Equity - Class S Common Shares Equity - Class N Common Shares Equity - Class D Common Shares Equity - Class I Common Shares

Target Leverage

Target 40–60% LTV Target is a 40%-60% range, expressly not a binding cap - the Company may exceed it, with no per-property borrowing limit. No absolute ceiling in the Trust Declaration, 10-K, or Form 10-12G/A. Company's own computed ratio not located.

Strategy Risk/Return Profile

Core Plus

Managing Broker-Dealer

Dealer Manager

Scale

272 properties · 54,895,000 sq ft

Raised To Date

$8,200,000,000

Strategy Overview

Externally advised, perpetual-life REIT investing primarily in single-tenant, triple-net-leased commercial real estate (industrial, retail, office, and data centers) with investment-grade and other creditworthy tenants or guarantors, predominantly in the U.S. and to a lesser extent Canada and Europe, supplemented by a real estate debt sleeve (CMBS, commercial real estate loans). Operates as an UPREIT through Blue Owl NLT Operating Partnership LP, in which the Company is sole general partner and majority limited partner.

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