Blue Owl Capital has held a final close for its inaugural European net lease fund, Blue Owl Real Estate European Net Lease Fund (OREF Europe), with €1.6 billion ($1.8 billion) of total capital commitments. OREF Europe exceeded the original target of €1 billion ($1.1 billion) and its previ-ous hard cap of €1.5 billion ($1.7 billion).
OREF Europe is focused on acquiring and owning single-tenant net leased real estate and infra-structure assets, mission-critical to the operations of blue-chip, investment-grade tenants. The fund launches into a European net lease market that Blue Owl believes remains structurally underserved, leaving significant room to deploy capital, particularly for single-tenant, mission-critical industrial, data center, and essential retail assets.
Marc Zahr, co-president and global head of real assets at Blue Owl, said: “We believe Europe rep-resents the next frontier for institutional sale leasebacks. Having successfully executed this strategy
