<?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>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: TIEDEMANN ADVISORS, LLC -->
          <cik>0001483232</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>2</amendmentNo>
      <securitiesClassTitle>Class F Common Shares of Beneficial Interest, par value $0.01 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001966394</issuerCik>
        <issuerName>Fortress Net Lease REIT</issuerName>
        <issuerCusip>FNLR04616</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>1345 Avenue Of The Americas</com:street1>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10105</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Tiedemann Advisors, LLC</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>9216392.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>9216392.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>9216392.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.6</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>AlTi Wealth &amp; Capital Solutions Holdings, LLC</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>9216392.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>9216392.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>9216392.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.6</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>AlTi Global Holdings, LLC</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>9216392.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>9216392.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>9216392.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.6</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>AlTi Global Topco Ltd</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>Y8</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>9216392.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>9216392.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>9216392.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.6</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>AlTI Global Capital, LLC</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>9216392.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>9216392.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>9216392.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.6</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>AlTi Global, Inc.</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>9216392.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>9216392.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>9216392.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.6</classPercent>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Fortress Net Lease REIT</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>1345 Avenue of the Americas, New York, NY 10105</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Tiedemann Advisors, LLC
AlTi Wealth &amp; Capital Solutions Holdings, LLC
AlTi Global Holdings, LLC
AlTi Global Topco Ltd
AlTi Global Capital, LLC
AlTi Global, Inc.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Tiedemann Advisors, LLC
c/o AlTi Global, Inc.
22 Vanderbilt Avenue, 27th Floor
New York, New York 10017

AlTi Wealth &amp; Capital Solutions Holdings, LLC
c/o AlTi Global, Inc.
22 Vanderbilt Avenue, 27th Floor
New York, New York 10017

AlTi Global Holdings, LLC
c/o AlTi Global, Inc.
22 Vanderbilt Avenue, 27th Floor
New York, New York 10017

AlTi Global Topco Ltd
c/o AlTi Global, Inc.
22 Vanderbilt Avenue, 27th Floor
New York, New York 10017

AlTi Global Capital, LLC
c/o AlTi Global, Inc.
22 Vanderbilt Avenue, 27th Floor
New York, New York 10017

AlTi Global, Inc.
c/o AlTi Global, Inc.
22 Vanderbilt Avenue, 27th Floor
New York, New York 10017</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Tiedemann Advisors, LLC - Delaware
AlTi Wealth &amp; Capital Solutions Holdings, LLC - Delaware
AlTi Global Holdings, LLC - Delaware
AlTi Global Topco Ltd - Other - Isle of Man
AlTi Global Capital, LLC - Delaware
AlTi Global, Inc. - Delaware</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>Tiedemann Advisors, LLC - 9,216,392
AlTi Wealth &amp; Capital Solutions Holdings, LLC - 9,216,392
AlTi Global Holdings, LLC - 9,216,392
AlTi Global Topco Ltd - 9,216,392
AlTi Global Capital, LLC - 9,216,392
AlTi Global, Inc. - 9,216,392</amountBeneficiallyOwned>
        <classPercent>Tiedemann Advisors, LLC - 10.6%
AlTi Wealth &amp; Capital Solutions Holdings, LLC - 10.6%
AlTi Global Holdings, LLC - 10.6%
AlTi Global Topco Ltd - 10.6%
AlTi Global Capital, LLC - 10.6%
AlTi Global, Inc. - 10.6%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Tiedemann Advisors, LLC - 0
AlTi Wealth &amp; Capital Solutions Holdings, LLC - 0
AlTi Global Holdings, LLC - 0
AlTi Global Topco Ltd - 0
AlTi Global Capital, LLC - 0
AlTi Global, Inc. - 0</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>Tiedemann Advisors, LLC - 9,216,392
AlTi Wealth &amp; Capital Solutions Holdings, LLC - 9,216,392
AlTi Global Holdings, LLC - 9,216,392
AlTi Global Topco Ltd - 9,216,392
AlTi Global Capital, LLC - 9,216,392
AlTi Global, Inc. - 9,216,392</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Tiedemann Advisors, LLC - 0
AlTi Wealth &amp; Capital Solutions Holdings, LLC - 0
AlTi Global Holdings, LLC - 0
AlTi Global Topco Ltd - 0
AlTi Global Capital, LLC - 0
AlTi Global, Inc. - 0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>Tiedemann Advisors, LLC - 9,216,392
AlTi Wealth &amp; Capital Solutions Holdings, LLC - 9,216,392
AlTi Global Holdings, LLC - 9,216,392
AlTi Global Topco Ltd - 9,216,392
AlTi Global Capital, LLC - 9,216,392
AlTi Global, Inc. - 9,216,392</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>All of the securities reported in this Schedule 13G are directly owned by advisory clients of Tiedemann Advisors, LLC. None of those advisory clients may be deemed to beneficially own more than 5% of the Class F Common Shares of Beneficial Interest, par value $0.01 per share.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>N</notApplicableFlag>
        <subsidiaryIdentificationAndClassification>Please see Exhibit B attached hereto.</subsidiaryIdentificationAndClassification>
      </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 ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <exhibitInfo>Material to be Filed as Exhibit:

Exhibit A - Joint Filing Agreement

Exhibit B - Control Person Identification</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>Tiedemann Advisors, LLC</reportingPersonName>
      <signatureDetails>
        <signature>By: /s/ Whitney Fogle Lewis</signature>
        <title>Whitney Fogle Lewis / Authorized Signatory</title>
        <date>02/13/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>AlTi Wealth &amp; Capital Solutions Holdings, LLC</reportingPersonName>
      <signatureDetails>
        <signature>By: /s/ Colleen Graham</signature>
        <title>Colleen Graham / Authorized Signatory</title>
        <date>02/13/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>AlTi Global Holdings, LLC</reportingPersonName>
      <signatureDetails>
        <signature>By: /s/ Colleen Graham</signature>
        <title>Colleen Graham / Authorized Signatory</title>
        <date>02/13/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>AlTi Global Topco Ltd</reportingPersonName>
      <signatureDetails>
        <signature>By: /s/ Colleen Graham</signature>
        <title>Colleen Graham / Authorized Signatory</title>
        <date>02/13/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>AlTI Global Capital, LLC</reportingPersonName>
      <signatureDetails>
        <signature>By: /s/ Colleen Graham</signature>
        <title>Colleen Graham / Authorized Signatory</title>
        <date>02/13/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>AlTi Global, Inc.</reportingPersonName>
      <signatureDetails>
        <signature>By: /s/ Colleen Graham</signature>
        <title>Colleen Graham / Authorized Signatory</title>
        <date>02/13/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>

</edgarSubmission>
