Blue Owl Real Estate Net Lease Trust
(ORENT)
Repurchase Offer calendar
| 1Q | 2Q | 3Q | 4Q | |
| Status | CLOSED | CLOSED | CLOSED | CLOSED |
| Link to documents | Link here | |||
| Commencement date | February 1 | May 1 | August 1 | November 1 |
| Expiration date (by 11:59PM ET) | Third business day of March | Third business day of June | Third business day of September | Third business day of December |
| Anticipated payment date | Within four business days of the expiration date | Within four business days of the expiration date | Within four business days of the expiration date | Within four business days of the expiration date |
| Current repurchase price | NAV |
| Class S | $10.1311 |
| Class D | $10.0079 |
| Class I | $10.1933 |
| Class N | $10.2118 |
Repurchase Process
ORENT is not available to members of the public, and no offering is being made or should be inferred. Please ensure that you carefully review the Repurchase Offer materials.
Step 1
Download the Repurchase Form from the link here.
Morgan Stanley, UBS & Bank of America Merrill Lynch investors should consult with their representative or home office to acquire the appropriate repurchase form
Step 2
Complete sections 1-4, including signing and dating the form. Please ensure that you work directly with your financial professional to ensure that the correct forms and steps are followed for processing.
Custodial-held accounts will require forms submitted through the corresponding custodian. Please note that there may be additional internal paperwork required by the custodian, as well as additional internal processing time.
Step 3
Submit paperwork to your financial professional or directly to the transfer agent for processing per the instructions below.
How to submit repurchase paperwork
Once completed, send the paperwork to:
DST Systems Inc.
Attention: Blue Owl Real Estate Net Lease Trust
Email: blueowl.repurchases@sscinc.com
Regular mail: P.O. Box 219398, Kansas City, MO 64121-9398
Overnight mail: 801 Pennsylvania Ave, Suite 219398, Kansas City, MO 64105
Frequently asked questions
Do I need to take any action if I decide not to participate in the repurchase offer?
No.
Do shares of each relevant class of ORENT have industry-registered CUSIPs?
Yes, ORENT has registered CUSIPs for each share class:
Class S – 67180K106
Class N – 67180K403
Class D – 67180K304
Class I – 67180K205
Please note that some custodians may utilize their own internal identifier for these share classes.
When can an investor participate in a repurchase offer in ORENT?
ORENT intends to repurchase shares on a quarterly basis through a repurchase plan, whereby ORENT will repurchase shares as of the close of the fourth business day of the last month of the applicable calendar quarter (the “Repurchase Date”). The opening & end dates for the quarterly period are detailed in the table above.
I've submitted a repurchase request, but can I withdraw that request before the deadline?
A shareholder may withdraw his or her repurchase request by completing a Repurchase Withdrawal form and sending the form to the transfer agent, directly or through the shareholder’s financial intermediary, or by emailing blueowl.repurchases@sscinc.com & Servicedesk@blueowl.com. Repurchase withdrawal requests must be submitted before the expiration of the repurchase period.
If my repurchase request has been accepted, when will I receive the proceeds?
Payment for properly repurchased shares (which are not timely withdrawn) will be made promptly following expiration of the repurchase period (generally within four business days of the expiration date).
How is the share repurchase price determined?
The share repurchase price is based on the most recently determined NAV per share as of the Repurchase Date.
Are there repurchase limitations?
Yes. The aggregate NAV of total repurchases of Class S, Class D and Class I Shares is limited to no more than 5% of the Company’s aggregate NAV per calendar quarter (measured using the average aggregate NAV as of the end of the preceding three months for which NAV is available).
Is there an early withdrawal fee and if so, how much?
Shares participating in the repurchase offer that have not been outstanding for at least one year will be repurchased at 98% of the transaction price.
What happens if my repurchase request is not submitted in time or not satisfied for the current month?
All unsatisfied repurchase requests must be resubmitted after the opening of the next repurchase period, as applicable.
What happens if my request was deemed “not in good order” and has not been “cured” by the repurchase deadline?
The request will not be considered for the period. All unsatisfied repurchase requests must be resubmitted after the opening of the next repurchase period, as applicable.
Is my sale of shares in the repurchase offer a taxable transaction?
For most shareholders, yes. We anticipate that US shareholders, other than those that are tax-exempt, who sell shares in the repurchase Offers will recognize gain or loss for US federal income-tax purposes generally equal to the difference between the proceeds that they receive for the shares of each relevant class sold and their adjusted tax basis in the shares. The sale date for tax purposes will be the date we accept such shares for purchase. Please consult your tax advisor for details regarding your specific tax treatment and obligations.
Still have questions?
Contact the Blue Owl Service Desk by emailing ServiceDesk@blueowl.com.