Blue Owl Real Estate Net Lease Trust

Overview

• IndustryReal Estate²
• HeadquartersChicago, United States²
• Incorporated inMD⁴
• Business address150 N. Riverside, Fl 37, Chicago, Il 60606⁴
• Filer category, Emerging growth company⁴
• Legal formBusiness Trust²
• Kind of organizationPooled investment fund²
• LEI529900K7V9FHMAH6NN53²
• StatusActive²
• LEI statusLapsed (not renewed)²
• Registered addressc/o UNITED AGENT GROUP INC., 2 WISCONSIN CIRCLE #700, 20815 Chevy Chase, United States²
• Registered withBusiness Services (Maryland Department of Assessments and Taxation), B22777056²

See how the biggest companies compare on our leaderboards

References herein to “Blue Owl Real Estate Net Lease Trust,” “ORENT”, the “Company,” “we,” “us,” or “our” refer to Blue Owl Real Estate Net Lease Trust and its subsidiaries unless the context specifically requires otherwise.⁶ From its latest annual report

Corporate structure

Blue Owl Real Estate Net Lease Trust sits at the top of its group. 416 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.

What it owns

What Blue Owl Real Estate Net Lease Trust reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Real estate and locations

Investments

Intangibles and goodwill

Properties, in its own words

Our corporate headquarters are located at 150 N Riverside Plaza, 37th Floor, Chicago, IL, 60606. We believe that our office facilities are suitable and adequate for our business as it is contemplated to be conducted. For an overview of our real estate investments, see “Part II. Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations — Investment Portfolio.”

Item 2 of the 10-K filed Mar 13, 2026.⁶

Leadership

Who has led Blue Owl Real Estate Net Lease Trust, and when. Pick a name to see everywhere that person has worked.

• Chief executive officerMarc Zahr Jun 5, 2023 to now¹⁴
• PresidentGary Rozier Mar 21, 2025 to now¹⁵
• PresidentMarc Zahr Jun 5, 2023 to Jan 21, 2025¹⁴
• Chief financial officerKevin Halleran Jun 5, 2023 to Jun 5, 2023¹⁶
• Chief operating officerMichael Reiter Jun 5, 2023 to now¹⁷

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

• 1025 Locust Point Industrial, LLC Delaware⁵
• 1025 Locust Point Logistics, LLC Delaware⁵
• 1025 Locust Point Road, LLC Delaware⁵
• 1045 Locust Point Industrial, LLC Delaware⁵
• 1045 Locust Point Logistics, LLC Delaware⁵
• 1045 Locust Point Road, LLC Delaware⁵
• 3733 EAST 87TH STREET HOLDCO LLC Delaware⁵
• 8080CHIL001 LLC Delaware⁵
• ALPA Lender LLC Delaware⁵
• AMOKOK001 LLC Delaware⁵
• AWHCA Lender LLC Delaware⁵
• Abilene DC 1, LLC Delaware⁵
• Abilene DC 3, LLC Delaware⁵
• Abilene DC 4, LLC Delaware⁵
• Abilene DC 5, LLC Delaware⁵
• Abilene DC 6, LLC Delaware⁵
• Abilene DC 7, LLC Delaware⁵
• Abilene DC 8, LLC Delaware⁵
• Abilene DC Holdco 3 LLC Delaware⁵
• Abilene DC Holdco 4 LLC Delaware⁵
• Abilene DC Holdco 5 LLC Delaware⁵
• Abilene DC Holdco 6 LLC Delaware⁵
• Abilene DC Holdco 7 LLC Delaware⁵
• Abilene DC Holdco 8 LLC Delaware⁵

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

• Oak Street Net Lease TrustAug 31, 2022 to Jul 6, 2023⁴

Timeline

1. Oct 5, 20268-K Unregistered sale of shares; Other events²⁷
2. Sep 18, 20268-K Unregistered sale of shares; Other events²⁸
3. Sep 17, 20268-K Financial statements and exhibits²⁹
4. Sep 3, 20268-K Unregistered sale of shares; Other events³⁰
5. Aug 19, 20268-K Unregistered sale of shares; Other events³¹
6. Aug 5, 20268-K Unregistered sale of shares; Other events³²
7. Jul 20, 20268-K Unregistered sale of shares; Other events³³
8. Jul 8, 20268-K Entered a material agreement; Completed an acquisition or sale³⁴
9. Jul 6, 20268-K Unregistered sale of shares; Other events³⁵
10. Jun 25, 20268-K Entered a material agreement³⁶
11. Jun 18, 20268-K Unregistered sale of shares; Other events³⁷
12. Jun 3, 20268-K Unregistered sale of shares; Other events³⁸
13. Jun 5, 2023New chief executive Marc Zahr becomes CEO¹⁴
14. Apr 4, 2022Founded Blue Owl Real Estate Net Lease Trust is founded²

Filings

175 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 92 major events, 43 insider forms, 5 private raises, 22 other. The latest 20:

1. Oct 5, 20268-K EDGAR
2. Sep 18, 20268-K EDGAR
3. Sep 18, 20264 EDGAR
4. Sep 17, 20268-K/A EDGAR
5. Sep 3, 20268-K EDGAR
6. Aug 27, 2026D/A EDGAR
7. Aug 19, 20268-K EDGAR
8. Aug 12, 202610-Q EDGAR
9. Aug 5, 20268-K EDGAR
10. Jul 20, 20268-K EDGAR
11. Jul 8, 20268-K EDGAR
12. Jul 6, 20268-K EDGAR
13. Jun 25, 20268-K EDGAR
14. Jun 18, 20268-K EDGAR
15. Jun 3, 20268-K EDGAR
16. May 19, 20268-K EDGAR
17. May 14, 202610-Q EDGAR
18. May 5, 20268-K EDGAR
19. Apr 20, 20268-K EDGAR
20. Apr 3, 20268-K EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

1. Sep 1, 2022Raised $9.2 billion in a private offering of securities³⁹ Form D: 44,524 investors so far Form D

SEC filer profile

How Blue Owl Real Estate Net Lease Trust is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARBlue Owl Real Estate Net Lease Trust¹
• CIK0001944366
• Employer ID (EIN)88-1672312⁶
• Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company⁶
• Incorporated inMaryland⁶
• Fiscal year endsDecember 31¹
• Industry code (SIC)6500 Real Estate¹
• SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance¹
• Business address150 N. Riverside, Fl 37, Chicago, IL 60606¹
• Phone888-215-2015¹
• Shares outstanding337,751,915 Common Class S shares; 53,963,377 Common Class N shares; 9,799,378 Common Class D shares; 398,593,401 Common Class I Shares shares as of Mar 10, 2026⁶
• Public float$0 as of Jun 30, 2025³
• AuditorKPMG LLP, Chicago, Illinois PCAOB ID 185; no auditor attestation of internal control over financial reporting⁶
• On EDGAR sinceAug 31, 2022¹
• Filings175 in all: 8-K (91), 4 (29), 3 (14), 10-Q (10), UPLOAD (8), CORRESP (6), D/A (4), 10-K (3)¹
  All 16 form types

  10-12G/A (2), SC TO-I/A (2), 10-12G (1), 8-A12G (1), 8-K/A (1), D (1), SC TO-C (1), SC TO-I (1)

• Latest filingsAnnual report (10-K) Mar 13, 2026
  Quarterly report (10-Q) Aug 12, 2026
  Latest 8-K (8-K) Oct 5, 2026

Risk factors and legal proceedings

The risks Blue Owl Real Estate Net Lease Trust names in Item 1A of its 10-K filed Mar 13, 2026: 78 risks under these headings, as written.⁶

• You should specifically consider the following material risks in addition to the other information contained in this Annual Report on Form 10-K. The occurrence of any of the following risks might have a material adverse effect on our
• business and financial condition. The risks and uncertainties discussed below are not the only ones we face, but do represent those risks and uncertainties we believe are most significant to our business, operating results, financial condition, prospects and forward-looking statements. As used herein, the term “you” refers to our current shareholders or potential investors in our common shares, as applicable.
• Risks Related to Our Business and Operations
• We are subject to risks related to the ownership of commercial real estate that could affect the performance and value of our properties.
• We have limited opportunities to increase rents under our long-term leases with tenants, which could impede our growth and materially and adversely affect us.
• We rely on property managers to operate certain of our properties and leasing agents to lease vacancies in such properties.
• If we are unable to raise substantial additional funds, we will be limited in the number and type of investments we make and the value of your investment in us will fluctuate with the performance of the specific assets we acquire.
• We face risks associated with the deployment of our capital.
• If we are unable to successfully integrate new investments and manage our growth, our results of operations and financial condition may suffer.
• Adverse economic conditions, including the resulting effect on consumer spending and investment, could have a material and adverse effect on our business, financial condition, results of operations, and cash flows.
• Global economic, political and market conditions may adversely affect our business, financial condition and results of operations, including our revenue growth and profitability.
• We are subject to additional risks from our non-U.S. investments.

Legal proceedings

From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. We may also be subject to regulatory proceedings. While the outcome of these legal or regulatory proceedings cannot be predicted with certainty, we do not expect that these proceedings will have a material effect upon our financial condition or results of operations. As of December 31, 2025, we were not involved in any material legal proceedings.

The opening of Item 3, Legal Proceedings.⁶