SEC Comment Letter 0000000000-23-014052 to FrontView REIT, Inc. (FVR) (CIK 0001988494) (FVR)
FrontView REIT, Inc. (FVR) (CIK 0001988494)
Date: Dec. 22, 2023 · CIK: 0001988494 · Accession: 0000000000-23-014052
AI Filing Summary & Sentiment
Reasoning
Letter
United States securities and exchange commission logo December 22, 2023 Stephen Preston Co-Chief Executive Officer FrontView REIT, Inc. 3131 McKinney Avenue Suite L10 Dallas, TX 75204 Re:FrontView REIT, Inc. Amendment No. 2 to Draft Registration Statement on Form S-11 Submitted December 13, 2023 CIK No. 0001988494 Dear Stephen Preston: We have reviewed your amended draft registration statement and have the following comment. Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing the information you provide in response to this letter and your amended draft registration statement or filed registration statement, we may have additional comments. Amendment No. 2 to Draft Registration Statement on Form S-11 Dilution, page 58 1.We note your revision to your dilution table on page 58 to aggregate the increase in pro forma net tangible book value per share attributable to the REIT Contribution Transactions and Internalization with decrease in pro forma net tangible book value per share attributable to the offering. Please revise to disaggregate the impact of the REIT Contribution Transactions and Internalization from the impact from the offering, or advise. Please refer to Item 506 of Regulation S-K.
FirstName LastNameStephen Preston Comapany NameFrontView REIT, Inc. December 22, 2023 Page 2 FirstName LastName Stephen Preston FrontView REIT, Inc. December 22, 2023 Page 2 Please contact Howard Efron at 202-551-3439 or Jennifer Monick at 202-551-3295 if you have questions regarding comments on the financial statements and related matters. Please contact Stacie Gorman at 202-551-3585 or Brigitte Lippmann at 202-551-3713 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Stuart A. Barr, Esq.
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United States securities and exchange commission logo
December 22, 2023
Stephen Preston
Co-Chief Executive Officer
FrontView REIT, Inc.
3131 McKinney Avenue
Suite L10
Dallas, TX 75204
Re:FrontView REIT, Inc.
Amendment No. 2 to Draft Registration Statement on Form S-11
Submitted December 13, 2023
CIK No. 0001988494
Dear Stephen Preston:
We have reviewed your amended draft registration statement and have the following
comment.
Please respond to this letter by providing the requested information and either submitting
an amended draft registration statement or publicly filing your registration statement on
EDGAR. If you do not believe a comment applies to your facts and circumstances or do not
believe an amendment is appropriate, please tell us why in your response.
After reviewing the information you provide in response to this letter and your amended
draft registration statement or filed registration statement, we may have additional comments.
Amendment No. 2 to Draft Registration Statement on Form S-11
Dilution, page 58
1.We note your revision to your dilution table on page 58 to aggregate the increase in pro
forma net tangible book value per share attributable to the REIT
Contribution Transactions and Internalization with decrease in pro forma net tangible
book value per share attributable to the offering. Please revise to disaggregate the impact
of the REIT Contribution Transactions and Internalization from the impact from the
offering, or advise. Please refer to Item 506 of Regulation S-K.
FirstName LastNameStephen Preston
Comapany NameFrontView REIT, Inc.
December 22, 2023 Page 2
FirstName LastName
Stephen Preston
FrontView REIT, Inc.
December 22, 2023
Page 2
Please contact Howard Efron at 202-551-3439 or Jennifer Monick at 202-551-3295 if you
have questions regarding comments on the financial statements and related matters. Please
contact Stacie Gorman at 202-551-3585 or Brigitte Lippmann at 202-551-3713 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Stuart A. Barr, Esq.