<SEC-DOCUMENT>0001412741-24-000001.txt : 20240214
<SEC-HEADER>0001412741-24-000001.hdr.sgml : 20240214
<ACCEPTANCE-DATETIME>20240214160800
ACCESSION NUMBER:		0001412741-24-000001
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Net Lease Office Properties
		CENTRAL INDEX KEY:			0001952976
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				920887849
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94251
		FILM NUMBER:		24637984

	BUSINESS ADDRESS:	
		STREET 1:		C/O W. P. CAREY INC.
		STREET 2:		ONE MANHATTAN WEST, 395 9TH AVE. 58 FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		(844) 656-7348

	MAIL ADDRESS:	
		STREET 1:		C/O W. P. CAREY INC.
		STREET 2:		ONE MANHATTAN WEST, 395 9TH AVE. 58 FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			J. Goldman & Co LP
		CENTRAL INDEX KEY:			0001412741
		ORGANIZATION NAME:           	
		IRS NUMBER:				133341919
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		510 MADISON AVENUE
		STREET 2:		26TH FLOOR
		CITY:			New York
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-262-4200

	MAIL ADDRESS:	
		STREET 1:		510 MADISON AVENUE
		STREET 2:		26TH FLOOR
		CITY:			New York
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001412741</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>REIT</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2023</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001952976</issuerCik>
        <issuerName>Net Lease Office Properties</issuerName>
        <issuerCusip>64110Y108</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>C/O W. P. CAREY INC.</com:street1>
          <com:street2>ONE MANHATTAN WEST, 395 9TH AVE. 58 FL</com:street2>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10001</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>J. Goldman &amp; Co LP</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1035861.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1035861.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1035861.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>7.1</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>J. Goldman Capital Management, Inc.</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1035861.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1035861.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1035861.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>7.1</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>GOLDMAN JAY G</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1035861.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1035861.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1035861.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>7.1</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Net Lease Office Properties</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>C/O W. P. CAREY INC., ONE MANHATTAN WEST, 395 9TH AVE. 58 FL, NEW YORK, NEW YORK, 10001</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>This Statement is filed by: (i) J. Goldman &amp; Co., L.P. ("JGC") with respect to shares of the Company beneficially owned by J. Goldman Master Fund, L.P.; (ii) J. Goldman Capital Management, Inc.
("JGCM") with respect to shares of the Company beneficially owned by J. Goldman Master
Fund, L.P.; and (iii) Mr. Jay G. Goldman with respect to shares of the Company beneficially owned
by J. Goldman Master Fund, L.P.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>The address of the principal place of business office of JGC, JGCM and Mr. Goldman is c/o J. Goldman &amp; Co., L.P., 510 Madison Avenue, 26th Floor, New York, NY 10022.</principalBusinessOfficeOrResidenceAddress>
        <citizenship>JGC and JGCM are organized under the laws of the State of Delaware.  Mr. Goldman is a citizen of the
United States of America.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
        <typeOfPersonFiling>HC</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>J. Goldman &amp; Co., L.P. - 1,035,861 shares
J. Goldman Capital Management, Inc. - 1,035,861 shares
Jay. G. Goldman - 1,035,861 shares</amountBeneficiallyOwned>
        <classPercent>J. Goldman &amp; Co., L.P. - 7.08%
J. Goldman Capital Management, Inc. - 7.08%
Jay. G. Goldman - 7.08%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>J. Goldman &amp; Co., L.P. - 0
J. Goldman Capital Management, Inc. - 0
Jay. G. Goldman - 0</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>J. Goldman &amp; Co., L.P. - 1,035,861 shares
J. Goldman Capital Management, Inc. - 1,035,861 shares
Jay. G. Goldman - 1,035,861 shares</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>J. Goldman &amp; Co., L.P. - 0
J. Goldman Capital Management, Inc. - 0
Jay. G. Goldman - 0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>J. Goldman &amp; Co., L.P. - 1,035,861 shares
J. Goldman Capital Management, Inc. - 1,035,861 shares
Jay. G. Goldman - 1,035,861 shares</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>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 &amp;#167; 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>J. Goldman &amp; Co LP</reportingPersonName>
      <signatureDetails>
        <signature>Sagan A. Weiss</signature>
        <title>Chief Compliance Officer</title>
        <date>02/14/2024</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>J. Goldman Capital Management, Inc.</reportingPersonName>
      <signatureDetails>
        <signature>Jay G. Goldman</signature>
        <title>Director</title>
        <date>02/14/2024</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>GOLDMAN JAY G</reportingPersonName>
      <signatureDetails>
        <signature>Jay G. Goldman</signature>
        <title>Individual</title>
        <date>02/14/2024</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
