CHARTING AN INNOVATIVE COURSE IN NET LEASE REAL ESTATE

We're entering a new chapter.

We are excited to announce that Four Springs Capital Trust is evolving into Pilothouse. This name change signals our recovery and marks a new chapter, one that reflects control, direction and stability.

Around its high quality, diversified portfolio of net lease real estate providing a strong foundation for durable cash flows, Pilothouse commits to: (i) accretively acquire net lease properties owned by affiliated DST programs using its equity securities in UPREIT transactions (DST UPREITs), and (ii) execute DST syndication and Build to Suit (BTS) bridge loans to generate attractive investment spreads and grow its future acquisition pipeline through DST UPREITs and developer take-outs. Pilothouse has a $1+ billion identified DST UPREIT pipeline of net lease industrial, medical and retail properties that is well positioned to grow in the future.

LEADERSHIP

MESSAGE FROM THE CEO

Coby Johnson

"We apply our disciplined investment approach in net lease real estate to build a foundation for durable cash flows and combine it with our innovative investment and capital strategies to unlock additional value. With this, we believe Pilothouse will accelerate the growth of its portfolio, pipeline and cash flows that will endure across market cycles."

2026 Pilothouse Real Estate Trust. All rights reserved.
This is neither an offer to sell, nor a solicitation to buy, a security, which can be made only by the prospective investors if it is preceded or accompanied by the Private Placement Memorandum “Memorandum”, which contains various and important risk disclosures. This material does not purport to be complete and should be read in conjunction with the Memorandum. All potential investors must read the Memorandum, and no person may invest without acknowledging that they have received, read, and fully understand the Memorandum.