FrontView REIT Inc

4. SUBSEQUENT EVENTS

The Company identified the following events subsequent to September 30, 2024 that are not recognized in the accompanying balance sheets:

a.

The Company was part of a series of transactions (“REIT Contribution Transactions”) to create an UPREIT structure, with a publicly-traded REIT that is internally managed and owns all of its assets and conducts all of its business through a subsidiary operating partnership. On October 2, 2024, pursuant to the Contribution Agreements (as defined below), the Common Limited Partners of NADG NNN Property Fund LP (the “Predecessor”) exchanged their Common Units (as defined below) (or interest in the entity that owns the Common Units) for units in FrontView Operating Partnership LP (“OP Units”) or Common Stock (as defined below) of FrontView REIT Inc. on a one-for-one basis. On October 2, 2024, pursuant to the REIT Contribution Transactions, existing Preferred Unit Holders (as defined below) exchanged their interests in the Predecessor’s private operating partnership (or interest in the entity that owns the preferred interests in the Predecessor’s private operating partnership) for OP Units.

b.

On October 2, 2024, the Company, through the REIT Contribution Transactions described above, became the successor of its Predecessor and completed the IPO of its common stock and began trading on the New York Stock Exchange as FrontView REIT Inc. under the ticker symbol “FVR”). The Company sold 13,200,000 shares of common stock at a price of $19.00 per share. The net proceeds to the Company from the IPO were $233,871,000, which are net of underwriter fees and commissions of $16,929,000.

c.

On October 23, 2024, the Company issued an additional 1,090,846 shares of common stock pursuant to the underwriters' over-allotment option in connection with the Company's IPO. The Company received net proceeds of $19,327,064, which are net of underwriter fees and commissions of $1,399,010.

d.

The Company contributed the net proceeds of the IPO to FrontView Operating Partnership LP in exchange for 14,290,846 OP Units.