Company: FVR
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0000950170-25-055535
Chunk: 35

Company: FrontView REIT, Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 35
---
 assets and liabilities of the entities the OP acquired. We did not conduct arm’s-length negotiations with the parties involved regarding the terms of the contribution agreements.

Internalization

On July 10, 2024, we entered into the Internalization Agreement with North American Realty Services, LLLP (“NARS”), our predecessor’s external manager, and certain affiliates of NARS, which provides for the internalization of the external management functions previously performed for our predecessor by NARS and its affiliates upon completion of our initial public offering (the “Internalization”). In connection with the Internalization, we (i) acquired certain affiliates of NARS that have directed the performance external advisory and management services for our predecessor and the assets reasonably necessary to operate and manage our business, (ii) onboarded 15 employees of NARS or its affiliates, including our entire senior management team, providing continuity of management, (iii) assumed certain contractual relationships, including the assumption of an office lease and certain operating liabilities, and (iv) terminated the property management arrangement with an affiliate of NARS and otherwise eliminate the obligation to pay other fees to NARS and its affiliates.

In connection with the completion of the Internalization, certain of our executive officers and directors and their affiliates received certain material benefits, including the following:

Mr. Preston, our Chairman of the Board, co-Chief Executive Officer and co-President, or entities affiliated with Mr. Preston, received 427,818 OP Units, which, based on the initial public offering price, had an initial value of approximately $8.1 million.

Mr. Starr, our co-Chief Executive Officer, co-President and director, or entities affiliated with Mr. Starr, received 178,258 OP Units, which, based on the initial public offering price, had an initial value of approximately $3.4 million.

Mr. Green, our director, or entities affiliated with Mr. Green, received 71,303 OP Units, which, based on the initial public offering price, had an initial value of approximately $1.4 million.

<div align='center'>25</div>

Issuance of OP Units and Grants of RSUs to our Executive Officers, Non-employee Directors, Employees and NARS Affiliates The following table below, sets forth (i) the OP Units issued or allocated to certain of our executive officers, non-employee directors, other employees and affiliates of NARS in connection with the Internalization and (ii) one-time grants of RSUs issued in connection with our initial public offering to