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  <xs:element id="osnl_DebtSecuritiesAvailableForSaleGainLossOnMortgageSold" abstract="false" name="DebtSecuritiesAvailableForSaleGainLossOnMortgageSold" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_DebtSecuritiesAvailableForSaleInterestIncome" abstract="false" name="DebtSecuritiesAvailableForSaleInterestIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_DebtSecuritiesAvailableForSaleUnrealizedGainLossOfMortgageSold" abstract="false" name="DebtSecuritiesAvailableForSaleUnrealizedGainLossOfMortgageSold" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_OtherIntangibleAssetsLeasesMember" abstract="true" name="OtherIntangibleAssetsLeasesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_AcquiredBelowMarketLeasesMember" abstract="true" name="AcquiredBelowMarketLeasesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_BelowMarketLeaseUsefulLife" abstract="false" name="BelowMarketLeaseUsefulLife" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="osnl_OtherDepreciationAndAmortizationMember" abstract="true" name="OtherDepreciationAndAmortizationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_OperatingLeaseLeaseIncomeMember" abstract="true" name="OperatingLeaseLeaseIncomeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_MortgageLoansMember" abstract="true" name="MortgageLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_VariableFundingNotesMember" abstract="true" name="VariableFundingNotesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_Series20261ClassA2NotesMember" abstract="true" name="Series20261ClassA2NotesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_LongTermDebtMaturityAfterYearFive" abstract="false" name="LongTermDebtMaturityAfterYearFive" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_InterestRateSwapsInvestmentsMember" abstract="true" name="InterestRateSwapsInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_AdvancedOrganizationAndOfferingCosts" abstract="false" name="AdvancedOrganizationAndOfferingCosts" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_AccruedTransactionProrations" abstract="false" name="AccruedTransactionProrations" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_OtherAdvancedExpenses" abstract="false" name="OtherAdvancedExpenses" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_OngoingServicingFeesMember" abstract="true" name="OngoingServicingFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_ManagementFeeMember" abstract="true" name="ManagementFeeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_BlueOwlCapitalMarketsMember" abstract="true" name="BlueOwlCapitalMarketsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_STACKInfrastructureInc.Member" abstract="true" name="STACKInfrastructureInc.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_ClassEOPUnitsMember" abstract="true" name="ClassEOPUnitsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_SpecialLimitedPartnerMember" abstract="true" name="SpecialLimitedPartnerMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_OtherUnitHoldersMember" abstract="true" name="OtherUnitHoldersMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_DigitalInfrastructureRealEstateAssetsMember" abstract="true" name="DigitalInfrastructureRealEstateAssetsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_PerformanceParticipationInterestRate" abstract="false" name="PerformanceParticipationInterestRate" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="osnl_DeferredOfferingCostsReimbursementWindow" abstract="false" name="DeferredOfferingCostsReimbursementWindow" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="osnl_PropertyManagementFees" abstract="false" name="PropertyManagementFees" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_LessorOperatingLeasePaymentToBeReceivedAfterYearFive" abstract="false" name="LessorOperatingLeasePaymentToBeReceivedAfterYearFive" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_NumberOfClassesOfShares" abstract="false" name="NumberOfClassesOfShares" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="osnl_RedeemableCommonSharesEquitySharesIssued" abstract="false" name="RedeemableCommonSharesEquitySharesIssued" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="osnl_RedeemableCommonSharesGainLossOnAllocationAdjustment" abstract="false" name="RedeemableCommonSharesGainLossOnAllocationAdjustment" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_StockRepurchaseProgramEarlyRepurchasePeriod" abstract="false" name="StockRepurchaseProgramEarlyRepurchasePeriod" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="osnl_PurchasePriceToNetAssetValue" abstract="false" name="PurchasePriceToNetAssetValue" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="osnl_StockRepurchaseProgramQuarterlyPurchaseLimitPercentage" abstract="false" name="StockRepurchaseProgramQuarterlyPurchaseLimitPercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="osnl_CommonStockSharesRedeemed" abstract="false" name="CommonStockSharesRedeemed" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="osnl_RedeemableNoncontrollingInterestEquityReallocation" abstract="false" name="RedeemableNoncontrollingInterestEquityReallocation" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_CommonClassNMember" abstract="true" name="CommonClassNMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_StockIssuedDuringPeriodSharesDistributionReinvestment" abstract="false" name="StockIssuedDuringPeriodSharesDistributionReinvestment" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="osnl_CommonStockDividendsPerShareDeclaredGross" abstract="false" name="CommonStockDividendsPerShareDeclaredGross" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:perShareItemType"/>
  <xs:element id="osnl_CommonStockDividendsPerShareDeclaredServicingFee" abstract="false" name="CommonStockDividendsPerShareDeclaredServicingFee" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:perShareItemType"/>
  <xs:element id="osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward" abstract="true" name="RedeemableNoncontrollingInterestEquityFairValueRollForward" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="osnl_RedeemableNoncontrollingInterestEquitySettlementOfPriorYearPerformanceParticipationAllocation" abstract="false" name="RedeemableNoncontrollingInterestEquitySettlementOfPriorYearPerformanceParticipationAllocation" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_RedeemableNoncontrollingInterestEquityRepurchases" abstract="false" name="RedeemableNoncontrollingInterestEquityRepurchases" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_RedeemableNoncontrollingInterestEquityNetIncomeAllocation" abstract="false" name="RedeemableNoncontrollingInterestEquityNetIncomeAllocation" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_RedeemableNoncontrollingInterestEquityDistributions" abstract="false" name="RedeemableNoncontrollingInterestEquityDistributions" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_RedeemableNoncontrollingInterestEquityFairValueAllocation" abstract="false" name="RedeemableNoncontrollingInterestEquityFairValueAllocation" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_EarningsPerShareSharesExcludedAsAntiDilutive" abstract="false" name="EarningsPerShareSharesExcludedAsAntiDilutive" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="osnl_ReportableSegmentMember" abstract="true" name="ReportableSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="osnl_FundLevelExpenses" abstract="false" name="FundLevelExpenses" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_AdjustedInterestExpenseNonoperating" abstract="false" name="AdjustedInterestExpenseNonoperating" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="osnl_LineOfCreditExtensionTerm" abstract="false" name="LineOfCreditExtensionTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
</xs:schema>
