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FORTRESS CREDIT REALTY INCOME TRUST·8-K

Mar 31, 5:17 PM ET

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FORTRESS CREDIT REALTY INCOME TRUST 8-K

Research Summary

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Fortress Credit Realty Income Trust Adds New Class F Shares

What Happened
Fortress Credit Realty Income Trust filed an 8‑K (dated March 31, 2026) reporting that on March 23, 2026 it established two new share series — Class F‑I and Class F‑S common shares (par value $0.01 per share) — and amended related contracts and plans to include those new shares. The company and its adviser (FCR Advisors LLC) and dealer manager (Fortress Wealth Solutions LLC) executed an amended and restated Management Agreement (Fifth Amended and Restated Management Agreement) and an amended and restated Dealer Manager Agreement (Fourth Amended and Restated Dealer Manager Agreement) to reflect the inclusion of the new shares. The company’s Board also amended the Share Repurchase Plan and the Distribution Reinvestment Plan (DRIP) to incorporate the new shares.

Key Details

  • New share series: Class F‑I and Class F‑S common shares, par value $0.01 per share (collectively, the “New Shares”).
  • Management fee: 1.00% of net asset value (NAV) per year, payable monthly, payable to FCR Advisors LLC (the Adviser) for the New Shares.
  • Performance fee: 10.0% of Core Earnings for the immediately preceding quarter, subject to a hurdle of 1.25% per quarter (annualized 5.0%), as applied to the New Shares.
  • Repurchase adjustment: 2% deduction from the repurchase price if New Shares are repurchased within a 1‑year holding period.
  • Effective date of amendments and plans incorporation: March 23, 2026. Amended agreements and plans otherwise remain unchanged; full texts are filed as exhibits to the 8‑K.

Why It Matters
The filing creates new fee and liquidity terms that apply specifically to holders of the Class F‑I and Class F‑S shares: a fixed 1.00% NAV management fee, a 10% performance fee above a specified hurdle, and a 2% early repurchase deduction for shares sold within one year. These terms can affect net returns and the cost/benefit of repurchasing or reinvesting distributions for investors who acquire the New Shares. The company states the restated agreements and plans were updated only to include the New Shares; investors should review the full amended agreements (filed as exhibits) for complete details before buying or evaluating these share classes.