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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13D 0001870300 XXXXXXXX LIVE Common Stock 01/08/2026 false 0001952976 64110Y108 Net Lease Office Properties C/O W. P. CAREY INC. ONE MANHATTAN WEST, 395 9TH AVE. 58 FL NEW YORK NY 10001 Jake Crowhurst 442076594807 Asset Value Investors Ltd 2 Cavendish Square London X0 W1G 0PU 0001870300 N Asset Value Investors Ltd b WC N X0 710013.00 0.00 710013.00 0.00 710013.00 N 4.8 CO Common Stock Net Lease Office Properties C/O W. P. CAREY INC. ONE MANHATTAN WEST, 395 9TH AVE. 58 FL NEW YORK NY 10001 Asset Value Investors Ltd Asset Value Investors Ltd, 2 Cavendish Square, London, W1G 0PU Investment Management firm, London, United Kingdom NO NO United Kingdom Working Capital a) The disposal of shares of the issuer Total shares held is 710,013 shares and represents 4.79% of the shares outstanding based on public data of total shares outstanding of: 14,785,014 Asset Value Investors has the sole power to direct the vote for all shares stated 11/19/25 buy 5,800 shares at 29.438619, 1/8/26 sell 52,315 shares at 20.5065 n/a 01/08/2026 n/a n/a Asset Value Investors Ltd Jake Crowhurst Head of Operations 01/09/2026