<SEC-DOCUMENT>0001412741-24-000003.txt : 20241114
<SEC-HEADER>0001412741-24-000003.hdr.sgml : 20241114
<ACCEPTANCE-DATETIME>20241114120304
ACCESSION NUMBER:		0001412741-24-000003
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241114

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/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94251
		FILM NUMBER:		241459140

	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/A

	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/A
<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/A</submissionType>
    <previousAccessionNumber>0001412741-24-000001</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001412741</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <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>C/O W. P. CAREY INC.</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>672455.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>672455.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>672455.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>4.6</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>J. Goldman Capital Management, Inc.</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>672455.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>672455.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>672455.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>4.6</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>GOLDMAN JAY G</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>672455.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>672455.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>672455.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>4.6</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Net Lease Office Properties</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>C/O W. P. CAREY INC., C/O W. P. CAREY INC., NEW YORK, NEW YORK, 10001.</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>This Statement is filed by: (i) J. Goldman &amp; Co., L.P. ("JGC") with respect the 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. - 672,455 shares

J. Goldman Capital Management, Inc. - 672,455 shares

Jay. G. Goldman - 672,455 shares
</amountBeneficiallyOwned>
        <classPercent>J. Goldman &amp; Co., L.P. - 4.55%

J. Goldman Capital Management, Inc. - 4.55%

Jay. G. Goldman - 4.55%
</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. - 672,455 shares

J. Goldman Capital Management, Inc. - 672,455 shares

Jay. G. Goldman - 672,455 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. - 672,455 shares

J. Goldman Capital Management, Inc. - 672,455 shares

Jay. G. Goldman - 672,455 shares
</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <classOwnership5PercentOrLess>Y</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>CCO</title>
        <date>11/14/2024</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>J. Goldman Capital Management, Inc.</reportingPersonName>
      <signatureDetails>
        <signature>Jay G. Goldman</signature>
        <title>Director</title>
        <date>11/14/2024</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>GOLDMAN JAY G</reportingPersonName>
      <signatureDetails>
        <signature>Jay G. Goldman</signature>
        <title>N/A</title>
        <date>11/14/2024</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
