$1.6 billion in net lease acquisitions from Fortress
Non-listed perpetual REIT Fortress Net Lease Trust released is Form 10-K for 2025. Key updates include:
Acquired 133 properties in 2025 for a total purchase price of $1.64 billion
Properties spread across industrial (25 assets; $992 million), retail (104; $324 million), and office (4; $325 million)
Nine active build-to-suit (“BTS”) projects across industrial (6) and data center (3) totaling $938 million in commitments (of which $592 million has yet to be funded)
Raised $676 million from sales of common equity shares during 2025
As of 12/31/2025, owned 274 properties totaling 19.7 million square feet with a gross cost of $3.2 billion
One unidentified tenant generated 15.5% of the REIT’s annual revenue
Exit capitalization rate assumptions utilized for the 12/31/2025 NAV calculation: 7.3% for industrial, 8.3% for retail, and 8.0% for office/headquarters
Subsequent to 12/31/2025, raised $173 million via sale of common equity shares and acquired 15 properties (11 industrial; 4 retail) for an aggregate purchase price of $119 million including a 10-property industrial portfolio in France for $64 million
Fortress Net Lease Trust Portfolio as of 12/31/2025; Bldg. Sq. Ft. and Dollars in billions; Escalators represent weighted average annual increase
$1.5 billion industrial portfolio at New Mountain
Non-listed perpetual REIT New Mountain Net Lease Trust released is Form 10-K for 2025. Key updates include:
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