SCHEDULE 13G/A 0000919574-24-006828 0001483232 XXXXXXXX LIVE 1 Class D Common Shares of Beneficial Interest, par value $0.01 per share 12/31/2024 0001966394 Fortress Net Lease REIT FNLR04616 1345 Avenue Of The Americas New York NY 10105 Rule 13d-1(b) Rule 13d-1(c) TTC Multi-Strategy Fund QP, LP b DE 0.00 6489322.00 0.00 6489322.00 6489322.00 N 17.6 PN Tiedemann Advisors GP, LLC b DE 0.00 6489322.00 0.00 6489322.00 6489322.00 N 17.6 OO Tiedemann Advisors, LLC b DE 0.00 21319406.00 0.00 21319406.00 21319406.00 N 57.8 IA OO AlTi Wealth & Capital Solutions Holdings, LLC b DE 0.00 21319406.00 0.00 21319406.00 21319406.00 N 57.8 OO AlTi Global Holdings, LLC b DE 0.00 21319406.00 0.00 21319406.00 21319406.00 N 57.8 OO AlTi Global Topco Ltd b Y8 0.00 21319406.00 0.00 21319406.00 21319406.00 N 57.8 OO AlTi Global Capital, LLC b DE 0.00 21319406.00 0.00 21319406.00 21319406.00 N 57.8 OO AlTi Global, Inc. b DE 0.00 21319406.00 0.00 21319406.00 21319406.00 N 57.8 HC CO Fortress Net Lease REIT 1345 Avenue of the Americas, New York, NY 10105 TTC Multi-Strategy Fund QP, LP Tiedemann Advisors GP, LLC Tiedemann Advisors, LLC AlTi Wealth & Capital Solutions Holdings, LLC AlTi Global Holdings, LLC AlTi Global Topco Ltd AlTi Global Capital, LLC AlTi Global, Inc. TTC Multi-Strategy Fund QP, LP c/o AlTi Global, Inc. 22 Vanderbilt Avenue, 27th Floor New York, New York 10017 Tiedemann Advisors GP, LLC c/o AlTi Global, Inc. 22 Vanderbilt Avenue, 27th Floor New York, New York 10017 Tiedemann Advisors, LLC c/o AlTi Global, Inc. 22 Vanderbilt Avenue, 27th Floor New York, New York 10017 AlTi Wealth & Capital Solutions Holdings, LLC c/o AlTi Global, Inc. 22 Vanderbilt Avenue, 27th Floor New York, New York 10017 AlTi Global Holdings, LLC c/o AlTi Global, Inc. 22 Vanderbilt Avenue, 27th Floor New York, New York 10017 AlTi Global Topco Ltd c/o AlTi Global, Inc. 22 Vanderbilt Avenue, 27th Floor New York, New York 10017 AlTi Global Capital, LLC c/o AlTi Global, Inc. 22 Vanderbilt Avenue, 27th Floor New York, New York 10017 AlTi Global, Inc. c/o AlTi Global, Inc. 22 Vanderbilt Avenue, 27th Floor New York, New York 10017 TTC Multi-Strategy Fund QP, LP - Delaware Tiedemann Advisors GP, LLC - Delaware Tiedemann Advisors, LLC - Delaware AlTi Wealth & Capital Solutions Holdings, LLC - Delaware AlTi Global Holdings, LLC - Delaware AlTi Global Topco Ltd - Other - Isle of Man AlTi Global Capital, LLC - Delaware AlTi Global, Inc. - Delaware N IA HC TTC Multi-Strategy Fund QP, LP - 6,489,322 Tiedemann Advisors GP, LLC - 6,489,322 Tiedemann Advisors, LLC - 21,319,406 AlTi Wealth & Capital Solutions Holdings, LLC - 21,319,406 AlTi Global Holdings, LLC - 21,319,406 AlTi Global Topco Ltd - 21,319,406 AlTi Global Capital, LLC - 21,319,406 AlTi Global, Inc. - 21,319,406 TTC Multi-Strategy Fund QP, LP - 17.6% Tiedemann Advisors GP, LLC - 17.6% Tiedemann Advisors, LLC - 57.8% AlTi Wealth & Capital Solutions Holdings, LLC - 57.8% AlTi Global Holdings, LLC - 57.8% AlTi Global Topco Ltd - 57.8% AlTi Global Capital, LLC - 57.8% AlTi Global, Inc. - 57.8% TTC Multi-Strategy Fund QP, LP - 0 Tiedemann Advisors GP, LLC - 0 Tiedemann Advisors, LLC - 0 AlTi Wealth & Capital Solutions Holdings, LLC - 0 AlTi Global Holdings, LLC - 0 AlTi Global Topco Ltd - 0 AlTi Global Capital, LLC - 0 AlTi Global, Inc. - 0 TTC Multi-Strategy Fund QP, LP - 6,489,322 Tiedemann Advisors GP, LLC - 6,489,322 Tiedemann Advisors, LLC - 21,319,406 AlTi Wealth & Capital Solutions Holdings, LLC - 21,319,406 AlTi Global Holdings, LLC - 21,319,406 AlTi Global Topco Ltd - 21,319,406 AlTi Global Capital, LLC - 21,319,406 AlTi Global, Inc. - 21,319,406 TTC Multi-Strategy Fund QP, LP - 0 Tiedemann Advisors GP, LLC - 0 Tiedemann Advisors, LLC - 0 AlTi Wealth & Capital Solutions Holdings, LLC - 0 AlTi Global Holdings, LLC - 0 AlTi Global Topco Ltd - 0 AlTi Global Capital, LLC - 0 AlTi Global, Inc. - 0 TTC Multi-Strategy Fund QP, LP - 6,489,322 Tiedemann Advisors GP, LLC - 6,489,322 Tiedemann Advisors, LLC - 21,319,406 AlTi Wealth & Capital Solutions Holdings, LLC - 21,319,406 AlTi Global Holdings, LLC - 21,319,406 AlTi Global Topco Ltd - 21,319,406 AlTi Global Capital, LLC - 21,319,406 AlTi Global, Inc. - 21,319,406 Y N All of the securities reported in this Schedule 13G Amendment No. 1 are directly owned by advisory clients of Tiedemann Advisors, LLC. None of those advisory clients, other than TTC Multi-Strategy Fund QP, LP, may be deemed to beneficially own more than 5% of the Class D Common Shares of Beneficial Interest, par value $0.01 per share. N Please see Exhibit B attached hereto. Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit A - Joint Filing Agreement Exhibit B - Control Person Identification TTC Multi-Strategy Fund QP, LP By: /s/ Whitney Fogle Lewis 02/13/2025 Tiedemann Advisors GP, LLC By: /s/ Whitney Fogle Lewis 02/13/2025 Tiedemann Advisors, LLC By: /s/ Whitney Fogle Lewis 02/13/2025 AlTi Wealth & Capital Solutions Holdings, LLC By: /s/ Colleen Graham 02/13/2025 AlTi Global Holdings, LLC By: /s/ Colleen Graham 02/13/2025 AlTi Global Topco Ltd By: /s/ Colleen Graham 02/13/2025 AlTi Global Capital, LLC By: /s/ Colleen Graham 02/13/2025 AlTi Global, Inc. By: /s/ Colleen Graham 02/13/2025 * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.