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Fortress Credit Realty Income Trust Adds Class F-I, Class F-S Share Series

By Mari Nicholson

Fortress Credit Realty Income Trust Adds Class F-I, Class F-S Share Series

Fortress Credit Realty Income Trust has established two new share classes — Class F-I and Class F-S — featuring a 1% management fee, a 10% performance fee tied to a quarterly hurdle rate and a 2% repurchase deduction for shares sold within one year.

Fortress Credit Realty Income Trust, a non-traded perpetual life real estate investment trust, has established two new series of common stock: Class F-I and Class F-S shares.

The Class F-I and Class F-S shares introduce a specific fee and redemption structure designed to align with the REIT’s broader investment objectives.

  • Management fees: A fee of 1% of net asset value per annum is payable monthly to FCR Advisors LLC.
  • Performance fees: The adviser is entitled to 10% of core earnings from the preceding quarter. This is subject to a quarterly hurdle rate of 1.25% (5.0% annualized) on adjusted capital.
  • Repurchase terms: To encourage longer-term holding, a 2% deduction is applied to the repurchase price if the new shares are sold back to the company within a one-year holding period.

The Class F-I and F-S shares maintain the same proportional rights to the company’s assets as existing share classes. To accommodate the new classes, the REIT amended its governing documents and service contracts.

The company’s board of trustees also updated the share repurchase plan and distribution reinvestment plan. Holders of the new shares are immediately eligible for the repurchase program under existing terms. The board amended the distribution reinvestment plan, known as the DRIP, to allow Class F investors to automatically reinvest distributions into additional shares of the same class.

Except for the inclusion of the new share classes, both the share repurchase plan, or SRP, and the DRIP remain unchanged.

Fortress leadership said its updates reinforce its commitment to providing flexible entry points and diverse fee structures for institutional and private wealth investors in the credit realty space.

As of the end of February 2026, the REIT reported an aggregate NAV of approximately $1.29 billion across its various share classes, a 1.06% increase from the previous month’s’s approximately $1.28 billion.

Fortress Investment Group filed to establish the REIT in September 2024. It aims to finance loans for a range of real estate ventures, including multifamily, hospitality and industrial properties.

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