Goldman Sachs Real Estate Finance Trust Inc 8-K

What Happened

• Goldman Sachs Real Estate Finance Trust Inc. filed an 8-K reporting two related events: a private sale of unregistered common stock on April 1, 2026, and scheduled per‑share distributions for March 2026 to be paid on or about April 10, 2026.
• In the private offering, the Company sold 633,945.688 Class I shares for $15,874,000 and 123,651.617 Class S shares for $3,134,350 (the Class S amount includes $39,350 in upfront selling commissions). The sales were made under subscription agreements and claimed an exemption from registration under Section 4(a)(2) and Regulation D, relying on purchaser representations that they were accredited investors.
• The Company will pay net March 2026 distributions (payable in cash or reinvested under the DRIP) with record date March 31, 2026; per‑share net amounts by class are listed below.

Key Details

• Private sale date: April 1, 2026. Proceeds (aggregate consideration): $19,008,350 (15,874,000 + 3,134,350).
• Shares sold: 633,945.688 Class I common stock; 123,651.617 Class S common stock.
• Distribution payment: on or about April 10, 2026 to holders of record as of March 31, 2026.
• Net distribution amounts (per share) for March 2026:
  • Class S: $0.1479
  • Class I: $0.1660
  • Class NV-1: $0.1660
  • Class NV-2: $0.1675
  • Class F‑I: $0.2077
  • Class F‑II: $0.1810
• As of the record date, there were no outstanding shares of Class T or Class D common stock.

Why It Matters

• The company raised about $19.0 million through a private, unregistered offering, which increases the number of outstanding shares and is a financing event investors should note when assessing per‑share metrics and ownership percentages.
• The 8-K confirms the March distribution amounts and the payment/reinvestment options; investors holding shares on March 31, 2026 will receive the stated net distributions or have them reinvested under the DRIP.
• The share sale was done under Regulation D to accredited investors and involved a modest upfront commission for Class S, details that matter for transparency around capital raises and fee disclosure.