Net Lease Office Properties 8-K

What Happened
Net Lease Office Properties (NLOP) announced it completed the disposition of a 1,064,788 square foot office building in Houston, Texas, leased to KBR, Inc. The sale to an unaffiliated third party closed on January 15, 2026 for a contractual price of $66.0 million, producing net proceeds of approximately $65.4 million. The company filed the 8-K on January 20, 2026.

Key Details

• Property: 1,064,788 sq. ft. office building in Houston, Texas leased to KBR, Inc.
• Purchase price / proceeds: Contractual sales price $66.0 million; net proceeds ≈ $65.4 million.
• Closing date / filing: Disposition completed January 15, 2026; 8-K filed January 20, 2026.
• Pro forma info: Unaudited pro forma consolidated financial information is attached as Exhibit 99.1 and incorporated by reference.

Why It Matters
The transaction removes a large KBR‑leased office asset from NLOP’s portfolio and increases the company’s cash balance by roughly $65.4 million. Investors should review the attached pro forma financials (Exhibit 99.1) to understand how the sale affects NLOP’s reported results, liquidity and portfolio composition going forward.