<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019d4f74-6c31-7865-8c84-dfcdb7a21c3f,g:9b75a183-23af-42ee-9f54-884ce076b14c-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.blueowl.com/role/Cover" xlink:type="simple" xlink:href="osnl-20260331.xsd#Cover"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/Cover" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_019d4f74-6e56-7b08-a420-72d80406562d" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable_019d4f74-6e56-7006-9bba-4866b74291b2" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019d4f74-6e56-7b08-a420-72d80406562d" xlink:to="loc_dei_DocumentInformationTable_019d4f74-6e56-7006-9bba-4866b74291b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019d4f74-6e56-7f70-8041-d6f2c8fdd27b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_019d4f74-6e56-7006-9bba-4866b74291b2" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019d4f74-6e56-7f70-8041-d6f2c8fdd27b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019d4f74-6e56-7d74-99ff-8b836b95789e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019d4f74-6e56-7f70-8041-d6f2c8fdd27b" xlink:to="loc_us-gaap_ClassOfStockDomain_019d4f74-6e56-7d74-99ff-8b836b95789e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassSMember_019d4f74-6e56-7dc6-bc1e-ebff8024056a" xlink:href="osnl-20260331.xsd#osnl_CommonClassSMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6e56-7d74-99ff-8b836b95789e" xlink:to="loc_osnl_CommonClassSMember_019d4f74-6e56-7dc6-bc1e-ebff8024056a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassDMember_019d4f74-6e56-76eb-8bd8-fc23361de826" xlink:href="osnl-20260331.xsd#osnl_CommonClassDMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6e56-7d74-99ff-8b836b95789e" xlink:to="loc_osnl_CommonClassDMember_019d4f74-6e56-76eb-8bd8-fc23361de826" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassISharesMember_019d4f74-6e56-74b9-bc49-c6b17d835ba4" xlink:href="osnl-20260331.xsd#osnl_CommonClassISharesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6e56-7d74-99ff-8b836b95789e" xlink:to="loc_osnl_CommonClassISharesMember_019d4f74-6e56-74b9-bc49-c6b17d835ba4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassESharesMember_019d4f74-6e56-7a98-a400-392dae04ae1e" xlink:href="osnl-20260331.xsd#osnl_CommonClassESharesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6e56-7d74-99ff-8b836b95789e" xlink:to="loc_osnl_CommonClassESharesMember_019d4f74-6e56-7a98-a400-392dae04ae1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_019d4f74-6e56-7006-9bba-4866b74291b2" xlink:to="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_019d4f74-6e56-7763-8f6d-d0417b978b34" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_DocumentType_019d4f74-6e56-7763-8f6d-d0417b978b34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentQuarterlyReport_019d4f74-6e56-7633-9a31-f6c368944d2f" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentQuarterlyReport"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_DocumentQuarterlyReport_019d4f74-6e56-7633-9a31-f6c368944d2f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_019d4f74-6e56-7bff-a538-9303f3cc52c9" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_DocumentPeriodEndDate_019d4f74-6e56-7bff-a538-9303f3cc52c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport_019d4f74-6e56-73ba-af31-7e4f72b01773" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentTransitionReport"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_DocumentTransitionReport_019d4f74-6e56-73ba-af31-7e4f72b01773" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_019d4f74-6e56-75ef-b9a5-cc93cfc3b098" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityFileNumber_019d4f74-6e56-75ef-b9a5-cc93cfc3b098" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_019d4f74-6e56-756d-a684-3a22747dd1ba" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityRegistrantName_019d4f74-6e56-756d-a684-3a22747dd1ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_019d4f74-6e56-7c58-bcb0-2e4a9a06936f" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityIncorporationStateCountryCode_019d4f74-6e56-7c58-bcb0-2e4a9a06936f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_019d4f74-6e56-709a-9a7a-03b6e2d7bc89" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityTaxIdentificationNumber_019d4f74-6e56-709a-9a7a-03b6e2d7bc89" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_019d4f74-6e56-7683-9c5f-e977f149ce11" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityAddressAddressLine1_019d4f74-6e56-7683-9c5f-e977f149ce11" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2_019d4f74-6e56-7d83-ba1e-df4ca3a7b5c1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine2"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityAddressAddressLine2_019d4f74-6e56-7d83-ba1e-df4ca3a7b5c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_019d4f74-6e56-7073-8a53-6dbdd9854212" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityAddressCityOrTown_019d4f74-6e56-7073-8a53-6dbdd9854212" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_019d4f74-6e56-7c78-b258-c96b5bf1af89" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityAddressStateOrProvince_019d4f74-6e56-7c78-b258-c96b5bf1af89" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_019d4f74-6e56-7d55-835c-5dbe974cacb7" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityAddressPostalZipCode_019d4f74-6e56-7d55-835c-5dbe974cacb7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_019d4f74-6e56-78e8-996f-1c93b371e382" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_CityAreaCode_019d4f74-6e56-78e8-996f-1c93b371e382" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_019d4f74-6e56-744b-bca1-7bc49fda16d5" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_LocalPhoneNumber_019d4f74-6e56-744b-bca1-7bc49fda16d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus_019d4f74-6e56-78b7-b1cf-eec49f7341a5" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCurrentReportingStatus"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityCurrentReportingStatus_019d4f74-6e56-78b7-b1cf-eec49f7341a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent_019d4f74-6e56-7a16-a360-7e65dde727a2" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityInteractiveDataCurrent"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityInteractiveDataCurrent_019d4f74-6e56-7a16-a360-7e65dde727a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory_019d4f74-6e56-7e9a-a75c-a97ee9bbbe36" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFilerCategory"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityFilerCategory_019d4f74-6e56-7e9a-a75c-a97ee9bbbe36" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntitySmallBusiness_019d4f74-6e56-7e42-843a-af2ea7220aac" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntitySmallBusiness"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntitySmallBusiness_019d4f74-6e56-7e42-843a-af2ea7220aac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_019d4f74-6e56-749c-b65a-b63a15b40656" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityEmergingGrowthCompany_019d4f74-6e56-749c-b65a-b63a15b40656" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityExTransitionPeriod_019d4f74-6e56-7d84-82bd-5f70c43249bc" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityExTransitionPeriod"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityExTransitionPeriod_019d4f74-6e56-7d84-82bd-5f70c43249bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany_019d4f74-6e56-7de0-9d6c-fda374225811" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityShellCompany"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityShellCompany_019d4f74-6e56-7de0-9d6c-fda374225811" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_019d4f74-6e56-7048-a0b5-ff0c086591e0" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_019d4f74-6e56-7048-a0b5-ff0c086591e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_019d4f74-6e56-7327-a782-4dded314fea4" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_EntityCentralIndexKey_019d4f74-6e56-7327-a782-4dded314fea4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate_019d4f74-6e56-735d-9fd2-a2aff62fca07" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_CurrentFiscalYearEndDate_019d4f74-6e56-735d-9fd2-a2aff62fca07" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus_019d4f74-6e56-745e-b83d-5a90691ffa29" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalYearFocus"/>
    <link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_DocumentFiscalYearFocus_019d4f74-6e56-745e-b83d-5a90691ffa29" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus_019d4f74-6e56-7e6e-8fa8-02fbbcebe483" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalPeriodFocus"/>
    <link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_DocumentFiscalPeriodFocus_019d4f74-6e56-7e6e-8fa8-02fbbcebe483" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_019d4f74-6e56-77c7-af85-b49cd69326d2" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019d4f74-6e56-7ee7-9e4d-811a0ffc3dc2" xlink:to="loc_dei_AmendmentFlag_019d4f74-6e56-77c7-af85-b49cd69326d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/CondensedConsolidatedBalanceSheets" xlink:type="simple" xlink:href="osnl-20260331.xsd#CondensedConsolidatedBalanceSheets"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/CondensedConsolidatedBalanceSheets" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_019d4f74-6e56-75fc-9f00-ac6d84f2c5b8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_019d8c30-abbf-7d6b-9b5a-386f0820ae17" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_019d4f74-6e56-75fc-9f00-ac6d84f2c5b8" xlink:to="loc_us-gaap_StatementTable_019d8c30-abbf-7d6b-9b5a-386f0820ae17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_019d8c30-abbf-7b3d-bae0-0154f2c1e2d9" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019d8c30-abbf-7d6b-9b5a-386f0820ae17" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_019d8c30-abbf-7b3d-bae0-0154f2c1e2d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_019d8c30-abbf-7822-89ed-dcd9b53dd5f5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_019d8c30-abbf-7b3d-bae0-0154f2c1e2d9" xlink:to="loc_us-gaap_RelatedPartyDomain_019d8c30-abbf-7822-89ed-dcd9b53dd5f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_AffiliatedEntityMember_019d8c30-abbf-7df7-9360-aa84b04a8fd8" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_AffiliatedEntityMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_019d8c30-abbf-7822-89ed-dcd9b53dd5f5" xlink:to="loc_srt_AffiliatedEntityMember_019d8c30-abbf-7df7-9360-aa84b04a8fd8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019d8c33-e8fe-7870-b2f0-8f3d3c900617" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019d8c30-abbf-7d6b-9b5a-386f0820ae17" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019d8c33-e8fe-7870-b2f0-8f3d3c900617" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019d8c33-e8fe-7604-8fcb-1c0448f76883" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019d8c33-e8fe-7870-b2f0-8f3d3c900617" xlink:to="loc_us-gaap_ClassOfStockDomain_019d8c33-e8fe-7604-8fcb-1c0448f76883" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassSSharesMember_019d8c33-e8fe-7925-b3e0-3ba83e322c82" xlink:href="osnl-20260331.xsd#osnl_CommonClassSSharesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d8c33-e8fe-7604-8fcb-1c0448f76883" xlink:to="loc_osnl_CommonClassSSharesMember_019d8c33-e8fe-7925-b3e0-3ba83e322c82" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassDSharesMember_019d8c33-e8fe-7126-92b9-43079dbd7c61" xlink:href="osnl-20260331.xsd#osnl_CommonClassDSharesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d8c33-e8fe-7604-8fcb-1c0448f76883" xlink:to="loc_osnl_CommonClassDSharesMember_019d8c33-e8fe-7126-92b9-43079dbd7c61" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassISharesMember_019d8c33-e8fe-745a-9420-7ea069a4e5a4" xlink:href="osnl-20260331.xsd#osnl_CommonClassISharesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d8c33-e8fe-7604-8fcb-1c0448f76883" xlink:to="loc_osnl_CommonClassISharesMember_019d8c33-e8fe-745a-9420-7ea069a4e5a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableClassECommonSharesMember_019d8c33-e8fe-7632-8989-5f529d627a42" xlink:href="osnl-20260331.xsd#osnl_RedeemableClassECommonSharesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d8c33-e8fe-7604-8fcb-1c0448f76883" xlink:to="loc_osnl_RedeemableClassECommonSharesMember_019d8c33-e8fe-7632-8989-5f529d627a42" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_019d8c30-abbf-7eca-895f-3c44d47a5b9d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019d8c30-abbf-7d6b-9b5a-386f0820ae17" xlink:to="loc_us-gaap_StatementLineItems_019d8c30-abbf-7eca-895f-3c44d47a5b9d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsAbstract_019d4f74-6e56-715a-b45a-aa51b91aa6c3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AssetsAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d8c30-abbf-7eca-895f-3c44d47a5b9d" xlink:to="loc_us-gaap_AssetsAbstract_019d4f74-6e56-715a-b45a-aa51b91aa6c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_019d8c2d-6622-7124-b16c-241dd78bf953" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstateInvestmentPropertyNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019d4f74-6e56-715a-b45a-aa51b91aa6c3" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_019d8c2d-6622-7124-b16c-241dd78bf953" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestments_019d8c2f-2332-7fbc-b26b-a03cc4345bf6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityMethodInvestments"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019d4f74-6e56-715a-b45a-aa51b91aa6c3" xlink:to="loc_us-gaap_EquityMethodInvestments_019d8c2f-2332-7fbc-b26b-a03cc4345bf6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019d8c2c-a084-7099-b111-26b9cdfbc853" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019d4f74-6e56-715a-b45a-aa51b91aa6c3" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019d8c2c-a084-7099-b111-26b9cdfbc853" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d8c2c-a084-7293-b2cb-33fd75d2b3a4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019d4f74-6e56-715a-b45a-aa51b91aa6c3" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d8c2c-a084-7293-b2cb-33fd75d2b3a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019d4f74-6e56-7470-8a1b-078d461adc21" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019d4f74-6e56-715a-b45a-aa51b91aa6c3" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019d4f74-6e56-7470-8a1b-078d461adc21" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCash_019d8c2c-a084-7f7c-aa39-beb658b5a9d5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RestrictedCash"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019d4f74-6e56-715a-b45a-aa51b91aa6c3" xlink:to="loc_us-gaap_RestrictedCash_019d8c2c-a084-7f7c-aa39-beb658b5a9d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_019d8c2c-a084-7e72-9466-d67ed741d1d0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherAssets"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019d4f74-6e56-715a-b45a-aa51b91aa6c3" xlink:to="loc_us-gaap_OtherAssets_019d8c2c-a084-7e72-9466-d67ed741d1d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_019d4f74-6e56-76f3-bae9-1433eb484f3f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Assets"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019d4f74-6e56-715a-b45a-aa51b91aa6c3" xlink:to="loc_us-gaap_Assets_019d4f74-6e56-76f3-bae9-1433eb484f3f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019d4f74-6e56-747e-834a-fa9acb949a4c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d8c30-abbf-7eca-895f-3c44d47a5b9d" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019d4f74-6e56-747e-834a-fa9acb949a4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_IntangibleLiabilitiesNet_019d8c30-6702-798c-b0a6-d08a5212e850" xlink:href="osnl-20260331.xsd#osnl_IntangibleLiabilitiesNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019d4f74-6e56-747e-834a-fa9acb949a4c" xlink:to="loc_osnl_IntangibleLiabilitiesNet_019d8c30-6702-798c-b0a6-d08a5212e850" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_019d8c30-6702-70e7-ac7e-fdd496cda3a2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019d4f74-6e56-747e-834a-fa9acb949a4c" xlink:to="loc_us-gaap_LongTermDebt_019d8c30-6702-70e7-ac7e-fdd496cda3a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_019d8c30-6702-71d3-bb28-d8115ee2b2aa" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountsPayableOtherCurrentAndNoncurrent"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019d4f74-6e56-747e-834a-fa9acb949a4c" xlink:to="loc_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_019d8c30-6702-71d3-bb28-d8115ee2b2aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_019d8c30-6702-77a4-a225-89b11009503b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019d4f74-6e56-747e-834a-fa9acb949a4c" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_019d8c30-6702-77a4-a225-89b11009503b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilities_019d8c30-6702-7f64-b257-c549d4c04205" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherLiabilities"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019d4f74-6e56-747e-834a-fa9acb949a4c" xlink:to="loc_us-gaap_OtherLiabilities_019d8c30-6702-7f64-b257-c549d4c04205" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019d4f74-6e56-7167-89ee-4d6a23c6e4ce" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Liabilities"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019d4f74-6e56-747e-834a-fa9acb949a4c" xlink:to="loc_us-gaap_Liabilities_019d4f74-6e56-7167-89ee-4d6a23c6e4ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_019db1d3-d9fd-73a4-98a5-e2d139ada7e5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019d4f74-6e56-747e-834a-fa9acb949a4c" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_019db1d3-d9fd-73a4-98a5-e2d139ada7e5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableCommonSharesEquityCarryingValue_019d4f74-6e56-7dbc-9ba9-dcb67679aab0" xlink:href="osnl-20260331.xsd#osnl_RedeemableCommonSharesEquityCarryingValue"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019d4f74-6e56-747e-834a-fa9acb949a4c" xlink:to="loc_osnl_RedeemableCommonSharesEquityCarryingValue_019d4f74-6e56-7dbc-9ba9-dcb67679aab0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_019d4f74-6e56-7247-8385-34570a58b909" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019d4f74-6e56-747e-834a-fa9acb949a4c" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_019d4f74-6e56-7247-8385-34570a58b909" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_019d8c33-e8fe-7de2-8848-4ae80e44d088" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_019d4f74-6e56-7247-8385-34570a58b909" xlink:to="loc_us-gaap_CommonStockValue_019d8c33-e8fe-7de2-8848-4ae80e44d088" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapital_019d8c33-e8fe-776b-8233-ff3f79b09848" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AdditionalPaidInCapital"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_019d4f74-6e56-7247-8385-34570a58b909" xlink:to="loc_us-gaap_AdditionalPaidInCapital_019d8c33-e8fe-776b-8233-ff3f79b09848" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019d8c33-e8fe-7a60-8bbf-a10411ba1310" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_019d4f74-6e56-7247-8385-34570a58b909" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019d8c33-e8fe-7a60-8bbf-a10411ba1310" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_019d8c33-e8fe-7d67-bd89-6016df5e0023" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_019d4f74-6e56-7247-8385-34570a58b909" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_019d8c33-e8fe-7d67-bd89-6016df5e0023" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_019d4f74-6e56-7e40-bf43-d6f2af45e0cf" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockholdersEquity"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_019d4f74-6e56-7247-8385-34570a58b909" xlink:to="loc_us-gaap_StockholdersEquity_019d4f74-6e56-7e40-bf43-d6f2af45e0cf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterest_019d8c33-e8fe-7a1a-94e9-ac11fc013d62" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_MinorityInterest"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_019d4f74-6e56-7247-8385-34570a58b909" xlink:to="loc_us-gaap_MinorityInterest_019d8c33-e8fe-7a1a-94e9-ac11fc013d62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019d8c35-78aa-75a2-939f-acc1c606f3d8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_019d4f74-6e56-7247-8385-34570a58b909" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019d8c35-78aa-75a2-939f-acc1c606f3d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_019d4f74-6e56-7872-82fb-dd50155a5d27" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019d4f74-6e56-747e-834a-fa9acb949a4c" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_019d4f74-6e56-7872-82fb-dd50155a5d27" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/CondensedConsolidatedBalanceSheetsParenthetical" xlink:type="simple" xlink:href="osnl-20260331.xsd#CondensedConsolidatedBalanceSheetsParenthetical"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/CondensedConsolidatedBalanceSheetsParenthetical" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_019d4f74-6e56-749c-8e8a-f31edda85485" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_019d4f74-6e56-7155-a200-2385c924e10d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_019d4f74-6e56-749c-8e8a-f31edda85485" xlink:to="loc_us-gaap_StatementTable_019d4f74-6e56-7155-a200-2385c924e10d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019d8c44-0c97-7960-94e4-4790e7e09c09" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019d4f74-6e56-7155-a200-2385c924e10d" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019d8c44-0c97-7960-94e4-4790e7e09c09" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019d8c44-0c97-7cb6-9b3c-522cef405c0e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019d8c44-0c97-7960-94e4-4790e7e09c09" xlink:to="loc_us-gaap_ClassOfStockDomain_019d8c44-0c97-7cb6-9b3c-522cef405c0e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassSSharesMember_019d8c44-abc7-7caa-9195-c7ac22d25edd" xlink:href="osnl-20260331.xsd#osnl_CommonClassSSharesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d8c44-0c97-7cb6-9b3c-522cef405c0e" xlink:to="loc_osnl_CommonClassSSharesMember_019d8c44-abc7-7caa-9195-c7ac22d25edd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassDSharesMember_019d8c44-ebf5-7d0c-9d54-f8035da22776" xlink:href="osnl-20260331.xsd#osnl_CommonClassDSharesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d8c44-0c97-7cb6-9b3c-522cef405c0e" xlink:to="loc_osnl_CommonClassDSharesMember_019d8c44-ebf5-7d0c-9d54-f8035da22776" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassISharesMember_019d8c45-2c5c-7c23-b433-8ed490514c88" xlink:href="osnl-20260331.xsd#osnl_CommonClassISharesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d8c44-0c97-7cb6-9b3c-522cef405c0e" xlink:to="loc_osnl_CommonClassISharesMember_019d8c45-2c5c-7c23-b433-8ed490514c88" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableClassECommonSharesMember_019d8c49-1b81-7f44-b758-ab18e6c9951b" xlink:href="osnl-20260331.xsd#osnl_RedeemableClassECommonSharesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d8c44-0c97-7cb6-9b3c-522cef405c0e" xlink:to="loc_osnl_RedeemableClassECommonSharesMember_019d8c49-1b81-7f44-b758-ab18e6c9951b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_019d4f74-6e56-7cb6-a2d1-0f70e5b7158d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019d4f74-6e56-7155-a200-2385c924e10d" xlink:to="loc_us-gaap_StatementLineItems_019d4f74-6e56-7cb6-a2d1-0f70e5b7158d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_019d4f74-6e56-7fb0-9a9c-fd1c213be184" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d4f74-6e56-7cb6-a2d1-0f70e5b7158d" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_019d4f74-6e56-7fb0-9a9c-fd1c213be184" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_019d4f74-6e56-79e2-b817-92241b43bc86" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d4f74-6e56-7cb6-a2d1-0f70e5b7158d" xlink:to="loc_us-gaap_CommonStockSharesIssued_019d4f74-6e56-79e2-b817-92241b43bc86" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_019d4f74-6e56-7bbe-89ed-f5466a3143cb" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d4f74-6e56-7cb6-a2d1-0f70e5b7158d" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_019d4f74-6e56-7bbe-89ed-f5466a3143cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_019d91f7-f6b6-7ed8-9248-07c6a61988be" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d4f74-6e56-7cb6-a2d1-0f70e5b7158d" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_019d91f7-f6b6-7ed8-9248-07c6a61988be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/CondensedConsolidatedStatementsofOperations" xlink:type="simple" xlink:href="osnl-20260331.xsd#CondensedConsolidatedStatementsofOperations"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/CondensedConsolidatedStatementsofOperations" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementAbstract_019d4f74-6e56-7400-8319-de32a6ac8750" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeStatementAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_019d8c77-5cec-7ba3-8315-54ced819132f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_019d4f74-6e56-7400-8319-de32a6ac8750" xlink:to="loc_us-gaap_StatementTable_019d8c77-5cec-7ba3-8315-54ced819132f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019d8c77-5cec-7a9a-8296-75d2780ad5a6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019d8c77-5cec-7ba3-8315-54ced819132f" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019d8c77-5cec-7a9a-8296-75d2780ad5a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019d8c77-5cec-76db-9189-b2c0e2eef3b8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019d8c77-5cec-7a9a-8296-75d2780ad5a6" xlink:to="loc_us-gaap_ClassOfStockDomain_019d8c77-5cec-76db-9189-b2c0e2eef3b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_ClassSClassDAndClassICommonSharesMember_019d8c77-5cec-733e-b367-364b215f5bea" xlink:href="osnl-20260331.xsd#osnl_ClassSClassDAndClassICommonSharesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d8c77-5cec-76db-9189-b2c0e2eef3b8" xlink:to="loc_osnl_ClassSClassDAndClassICommonSharesMember_019d8c77-5cec-733e-b367-364b215f5bea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableClassECommonSharesMember_019d8c77-5cec-77ba-8c4c-0f6e2e405368" xlink:href="osnl-20260331.xsd#osnl_RedeemableClassECommonSharesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d8c77-5cec-76db-9189-b2c0e2eef3b8" xlink:to="loc_osnl_RedeemableClassECommonSharesMember_019d8c77-5cec-77ba-8c4c-0f6e2e405368" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_019d8c77-5cec-7b4d-8880-5e4acbd8a05d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019d8c77-5cec-7ba3-8315-54ced819132f" xlink:to="loc_us-gaap_StatementLineItems_019d8c77-5cec-7b4d-8880-5e4acbd8a05d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesAbstract_019d4f74-6e56-761f-b1e2-6395172b4a78" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RevenuesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d8c77-5cec-7b4d-8880-5e4acbd8a05d" xlink:to="loc_us-gaap_RevenuesAbstract_019d4f74-6e56-761f-b1e2-6395172b4a78" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncome_019d4f74-6e56-7c9e-a6f6-07e972b72163" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseLeaseIncome"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_019d4f74-6e56-761f-b1e2-6395172b4a78" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncome_019d4f74-6e56-7c9e-a6f6-07e972b72163" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseIncome_019d8c5d-aac4-704b-bf3b-bf7b9eded450" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LeaseIncome"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_019d4f74-6e56-761f-b1e2-6395172b4a78" xlink:to="loc_us-gaap_LeaseIncome_019d8c5d-aac4-704b-bf3b-bf7b9eded450" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6e56-7b81-bae6-755364a904aa" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingExpensesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d8c77-5cec-7b4d-8880-5e4acbd8a05d" xlink:to="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6e56-7b81-bae6-755364a904aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingCostsAndExpenses_019d4f74-6e56-7bd5-a15f-a7f146e7579d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingCostsAndExpenses"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6e56-7b81-bae6-755364a904aa" xlink:to="loc_us-gaap_OperatingCostsAndExpenses_019d4f74-6e56-7bd5-a15f-a7f146e7579d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_019d4f74-6e56-78c2-b430-34e432eb3884" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6e56-7b81-bae6-755364a904aa" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_019d4f74-6e56-78c2-b430-34e432eb3884" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ManagementFeeExpense_019d4f74-6e56-73c5-8704-a2048e9a2904" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ManagementFeeExpense"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6e56-7b81-bae6-755364a904aa" xlink:to="loc_us-gaap_ManagementFeeExpense_019d4f74-6e56-73c5-8704-a2048e9a2904" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncentiveFeeExpense_019d4f74-6e56-755e-b6b4-5b284cacaac4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncentiveFeeExpense"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6e56-7b81-bae6-755364a904aa" xlink:to="loc_us-gaap_IncentiveFeeExpense_019d4f74-6e56-755e-b6b4-5b284cacaac4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherDepreciationAndAmortization_019d4f74-6e56-7737-b936-075b1bcf199f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherDepreciationAndAmortization"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6e56-7b81-bae6-755364a904aa" xlink:to="loc_us-gaap_OtherDepreciationAndAmortization_019d4f74-6e56-7737-b936-075b1bcf199f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpenses_019d8c69-ec6a-7756-a34d-a4e8ea3f8e59" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CostsAndExpenses"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6e56-7b81-bae6-755364a904aa" xlink:to="loc_us-gaap_CostsAndExpenses_019d8c69-ec6a-7756-a34d-a4e8ea3f8e59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncomeAndExpensesAbstract_019d4f74-6e56-793b-96f1-dda24ce257a4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherIncomeAndExpensesAbstract"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d8c77-5cec-7b4d-8880-5e4acbd8a05d" xlink:to="loc_us-gaap_OtherIncomeAndExpensesAbstract_019d4f74-6e56-793b-96f1-dda24ce257a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions_019d4f74-6e56-7f94-85fc-858ee21fbdb6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_019d4f74-6e56-793b-96f1-dda24ce257a4" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions_019d4f74-6e56-7f94-85fc-858ee21fbdb6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseNonoperating_019d4f74-6e56-7aa7-9ee3-8f52e384e2ad" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestExpenseNonoperating"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_019d4f74-6e56-793b-96f1-dda24ce257a4" xlink:to="loc_us-gaap_InterestExpenseNonoperating_019d4f74-6e56-7aa7-9ee3-8f52e384e2ad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInterest_019db1c6-25fd-73b6-95c1-9dbe33f95d38" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentIncomeInterest"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_019d4f74-6e56-793b-96f1-dda24ce257a4" xlink:to="loc_us-gaap_InvestmentIncomeInterest_019db1c6-25fd-73b6-95c1-9dbe33f95d38" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_019d4f74-6e56-7400-972d-e1d16e7adf4d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_019d4f74-6e56-793b-96f1-dda24ce257a4" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_019d4f74-6e56-7400-972d-e1d16e7adf4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonoperatingIncomeExpense_019d8c60-4cf6-7ce6-9032-296fdfaa3b5c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NonoperatingIncomeExpense"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_019d4f74-6e56-793b-96f1-dda24ce257a4" xlink:to="loc_us-gaap_NonoperatingIncomeExpense_019d8c60-4cf6-7ce6-9032-296fdfaa3b5c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019d8c62-8524-7dca-84d8-5cf7689f1979" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_019d4f74-6e56-793b-96f1-dda24ce257a4" xlink:to="loc_us-gaap_ProfitLoss_019d8c62-8524-7dca-84d8-5cf7689f1979" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_019d8c6a-89c1-7d2e-9464-89a47d4d64e7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_019d4f74-6e56-793b-96f1-dda24ce257a4" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_019d8c6a-89c1-7d2e-9464-89a47d4d64e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019d8c6b-013f-75b9-8bdf-3e5d19586782" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_019d4f74-6e56-793b-96f1-dda24ce257a4" xlink:to="loc_us-gaap_NetIncomeLoss_019d8c6b-013f-75b9-8bdf-3e5d19586782" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_019d4f74-6e56-72d1-979e-d346a477acab" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d8c77-5cec-7b4d-8880-5e4acbd8a05d" xlink:to="loc_us-gaap_EarningsPerShareBasic_019d4f74-6e56-72d1-979e-d346a477acab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_019d4f74-6e56-7d96-987f-a875455ca5a6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d8c77-5cec-7b4d-8880-5e4acbd8a05d" xlink:to="loc_us-gaap_EarningsPerShareDiluted_019d4f74-6e56-7d96-987f-a875455ca5a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019d4f74-6e56-71d2-8309-e3bc23604980" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d8c77-5cec-7b4d-8880-5e4acbd8a05d" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019d4f74-6e56-71d2-8309-e3bc23604980" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019d4f74-6e56-7f2b-95df-d092beeb1b8a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d8c77-5cec-7b4d-8880-5e4acbd8a05d" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019d4f74-6e56-7f2b-95df-d092beeb1b8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/CondensedConsolidatedStatementofComprehensiveLoss" xlink:type="simple" xlink:href="osnl-20260331.xsd#CondensedConsolidatedStatementofComprehensiveLoss"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/CondensedConsolidatedStatementofComprehensiveLoss" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_019d4f74-6e56-7240-a9b4-b1c9d8927a0b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019d4f74-6e56-7a36-b2e2-c02da82f1038" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_019d4f74-6e56-7240-a9b4-b1c9d8927a0b" xlink:to="loc_us-gaap_ProfitLoss_019d4f74-6e56-7a36-b2e2-c02da82f1038" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_019d4f74-6e56-7d0e-bd18-fbafe3777161" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_019d4f74-6e56-7240-a9b4-b1c9d8927a0b" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_019d4f74-6e56-7d0e-bd18-fbafe3777161" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_019d4f74-6e56-7aaf-b505-a962af0f6eb8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_019d4f74-6e56-7d0e-bd18-fbafe3777161" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_019d4f74-6e56-7aaf-b505-a962af0f6eb8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_019d4f74-6e56-77b2-b308-26442d7df791" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_019d4f74-6e56-7d0e-bd18-fbafe3777161" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_019d4f74-6e56-77b2-b308-26442d7df791" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_019d4f74-6e56-7198-af34-ebae5e5808a1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_019d4f74-6e56-7d0e-bd18-fbafe3777161" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_019d4f74-6e56-7198-af34-ebae5e5808a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_019d4f74-6e56-7696-b980-0447f6b36d1c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_019d4f74-6e56-7240-a9b4-b1c9d8927a0b" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_019d4f74-6e56-7696-b980-0447f6b36d1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_019d4f74-6e56-7069-8017-394523a63737" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_019d4f74-6e56-7240-a9b4-b1c9d8927a0b" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_019d4f74-6e56-7069-8017-394523a63737" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_019d4f74-6e56-7735-9656-9adeeedbf7e1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_019d4f74-6e56-7240-a9b4-b1c9d8927a0b" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_019d4f74-6e56-7735-9656-9adeeedbf7e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/CondensedConsolidatedStatementofChangesinEquity" xlink:type="simple" xlink:href="osnl-20260331.xsd#CondensedConsolidatedStatementofChangesinEquity"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/CondensedConsolidatedStatementofChangesinEquity" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_019d4f74-6e56-7e0d-8235-2e64d1c58bc1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_019d4f74-6e56-7d82-8e53-cc78505eeb4e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_019d4f74-6e56-7e0d-8235-2e64d1c58bc1" xlink:to="loc_us-gaap_StatementTable_019d4f74-6e56-7d82-8e53-cc78505eeb4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_019d4f74-6e56-71d3-9e26-31e56074af8c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019d4f74-6e56-7d82-8e53-cc78505eeb4e" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_019d4f74-6e56-71d3-9e26-31e56074af8c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_019d4f74-6e56-7989-9a62-632844159b77" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_019d4f74-6e56-71d3-9e26-31e56074af8c" xlink:to="loc_us-gaap_EquityComponentDomain_019d4f74-6e56-7989-9a62-632844159b77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ParentMember_019d4f74-6e56-79ba-a76d-9d159dbdca39" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ParentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_019d4f74-6e56-7989-9a62-632844159b77" xlink:to="loc_us-gaap_ParentMember_019d4f74-6e56-79ba-a76d-9d159dbdca39" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_019d4f74-6e56-7e18-8785-3b5b3543ce17" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ParentMember_019d4f74-6e56-79ba-a76d-9d159dbdca39" xlink:to="loc_us-gaap_CommonStockMember_019d4f74-6e56-7e18-8785-3b5b3543ce17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_019d4f74-6e56-7ec6-a96d-71f4c6f39a4d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AdditionalPaidInCapitalMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ParentMember_019d4f74-6e56-79ba-a76d-9d159dbdca39" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_019d4f74-6e56-7ec6-a96d-71f4c6f39a4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_019d4f74-6e56-73c3-92d9-a694b3be7179" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ParentMember_019d4f74-6e56-79ba-a76d-9d159dbdca39" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_019d4f74-6e56-73c3-92d9-a694b3be7179" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember_019d4f74-6e56-7b5d-a4ea-d8165717d58c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RetainedEarningsMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ParentMember_019d4f74-6e56-79ba-a76d-9d159dbdca39" xlink:to="loc_us-gaap_RetainedEarningsMember_019d4f74-6e56-7b5d-a4ea-d8165717d58c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestMember_019d4f74-6e56-7e67-9fe7-cdac0110f781" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NoncontrollingInterestMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_019d4f74-6e56-7989-9a62-632844159b77" xlink:to="loc_us-gaap_NoncontrollingInterestMember_019d4f74-6e56-7e67-9fe7-cdac0110f781" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019d4f74-6e56-7e5f-8a8d-e2a95d7fa6ce" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019d4f74-6e56-7d82-8e53-cc78505eeb4e" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019d4f74-6e56-7e5f-8a8d-e2a95d7fa6ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019d4f74-6e56-7e3a-b3e8-0dff94cba09f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019d4f74-6e56-7e5f-8a8d-e2a95d7fa6ce" xlink:to="loc_us-gaap_ClassOfStockDomain_019d4f74-6e56-7e3a-b3e8-0dff94cba09f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassSMember_019d4f74-6e56-7be5-bf75-e9a91589641a" xlink:href="osnl-20260331.xsd#osnl_CommonClassSMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6e56-7e3a-b3e8-0dff94cba09f" xlink:to="loc_osnl_CommonClassSMember_019d4f74-6e56-7be5-bf75-e9a91589641a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassDMember_019d4f74-6e56-7fd6-96d5-43b40c0285bd" xlink:href="osnl-20260331.xsd#osnl_CommonClassDMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6e56-7e3a-b3e8-0dff94cba09f" xlink:to="loc_osnl_CommonClassDMember_019d4f74-6e56-7fd6-96d5-43b40c0285bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassISharesMember_019d4f74-6e56-777a-8d79-360ea67f561f" xlink:href="osnl-20260331.xsd#osnl_CommonClassISharesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6e56-7e3a-b3e8-0dff94cba09f" xlink:to="loc_osnl_CommonClassISharesMember_019d4f74-6e56-777a-8d79-360ea67f561f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableClassECommonSharesMember_019d8c81-d6ce-7d1a-ab79-1647fca9101c" xlink:href="osnl-20260331.xsd#osnl_RedeemableClassECommonSharesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6e56-7e3a-b3e8-0dff94cba09f" xlink:to="loc_osnl_RedeemableClassECommonSharesMember_019d8c81-d6ce-7d1a-ab79-1647fca9101c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_019d4f74-6e56-7e33-bf24-a4bfa8b2ed22" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019d4f74-6e56-7d82-8e53-cc78505eeb4e" xlink:to="loc_us-gaap_StatementLineItems_019d4f74-6e56-7e33-bf24-a4bfa8b2ed22" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019d4f74-6e56-7e33-bf24-a4bfa8b2ed22" xlink:to="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019d4f74-6e56-704c-ad4e-c0656cba430e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019d4f74-6e56-704c-ad4e-c0656cba430e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_019d4f74-6e56-789d-8514-d01965da38df" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_019d4f74-6e56-789d-8514-d01965da38df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_019d4f74-6e56-7258-a8e2-5ad17c605108" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_019d4f74-6e56-7258-a8e2-5ad17c605108" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_StockIssuedDuringPeriodValueDistributionReinvestment_019d4f74-6e56-77d6-a4dc-488dab9bf6b1" xlink:href="osnl-20260331.xsd#osnl_StockIssuedDuringPeriodValueDistributionReinvestment"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_osnl_StockIssuedDuringPeriodValueDistributionReinvestment_019d4f74-6e56-77d6-a4dc-488dab9bf6b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AdjustmentsToAdditionalPaidInCapitalAmortizationOfRestrictedStockGrants_019d4f74-6e56-79ee-9f0c-3c59df06501b" xlink:href="osnl-20260331.xsd#osnl_AdjustmentsToAdditionalPaidInCapitalAmortizationOfRestrictedStockGrants"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_osnl_AdjustmentsToAdditionalPaidInCapitalAmortizationOfRestrictedStockGrants_019d4f74-6e56-79ee-9f0c-3c59df06501b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest_019d4f74-6e56-742e-9d0c-cc262deafd1e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest_019d4f74-6e56-742e-9d0c-cc262deafd1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_OtherComprehensiveIncomeLossExcludingAmountAllocatedToRedeemableNCINetOfTax_019d4f74-6e56-74ea-bf0d-39b470424fd8" xlink:href="osnl-20260331.xsd#osnl_OtherComprehensiveIncomeLossExcludingAmountAllocatedToRedeemableNCINetOfTax"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_osnl_OtherComprehensiveIncomeLossExcludingAmountAllocatedToRedeemableNCINetOfTax_019d4f74-6e56-74ea-bf0d-39b470424fd8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsCommonStock_019d4f74-6e56-7d2a-91cc-aff7efadae55" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DividendsCommonStock"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_us-gaap_DividendsCommonStock_019d4f74-6e56-7d2a-91cc-aff7efadae55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AdjustmentsToAdditionalPaidInCapitalRedeemableCommonShareMeasurement_019d4f74-6e56-7924-9e06-f9fdc8175022" xlink:href="osnl-20260331.xsd#osnl_AdjustmentsToAdditionalPaidInCapitalRedeemableCommonShareMeasurement"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_osnl_AdjustmentsToAdditionalPaidInCapitalRedeemableCommonShareMeasurement_019d4f74-6e56-7924-9e06-f9fdc8175022" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NoncontrollingInterestIncreaseFromContribution_019db61d-ca36-705b-b7a1-94c98c2ffd1c" xlink:href="osnl-20260331.xsd#osnl_NoncontrollingInterestIncreaseFromContribution"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_osnl_NoncontrollingInterestIncreaseFromContribution_019db61d-ca36-705b-b7a1-94c98c2ffd1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NoncontrollingInterestDecreaseFromDistributionsAndRedemptionsToNoncontrollingInterestHolders_019d4f74-6e56-7774-863d-41a0c67f641a" xlink:href="osnl-20260331.xsd#osnl_NoncontrollingInterestDecreaseFromDistributionsAndRedemptionsToNoncontrollingInterestHolders"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_osnl_NoncontrollingInterestDecreaseFromDistributionsAndRedemptionsToNoncontrollingInterestHolders_019d4f74-6e56-7774-863d-41a0c67f641a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AdjustmentsToAdditionalPaidInCapitalAllocationToRedeemableNoncontrollingInterest_019d4f74-6e56-7aad-939c-3a8cc1895897" xlink:href="osnl-20260331.xsd#osnl_AdjustmentsToAdditionalPaidInCapitalAllocationToRedeemableNoncontrollingInterest"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_osnl_AdjustmentsToAdditionalPaidInCapitalAllocationToRedeemableNoncontrollingInterest_019d4f74-6e56-7aad-939c-3a8cc1895897" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AdjustmentsToAdditionalPaidInCapitalChangeInOwnership_019d4f74-6e56-7076-8ad1-326391bd3316" xlink:href="osnl-20260331.xsd#osnl_AdjustmentsToAdditionalPaidInCapitalChangeInOwnership"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_osnl_AdjustmentsToAdditionalPaidInCapitalChangeInOwnership_019d4f74-6e56-7076-8ad1-326391bd3316" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019d4f74-6e57-75e0-9ff6-888e40851cc4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6e56-706d-9778-bbb8ee5b1976" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019d4f74-6e57-75e0-9ff6-888e40851cc4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/CondensedConsolidatedStatementofChangesinEquityParenthetical" xlink:type="simple" xlink:href="osnl-20260331.xsd#CondensedConsolidatedStatementofChangesinEquityParenthetical"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/CondensedConsolidatedStatementofChangesinEquityParenthetical" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_019d4f74-6e57-7dad-a210-8dde85ec67fd" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_019d4f74-6e57-7a23-9f81-94d6daf73f14" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_019d4f74-6e57-7dad-a210-8dde85ec67fd" xlink:to="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_019d4f74-6e57-7a23-9f81-94d6daf73f14" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableNoncontrollingInterestOtherComprehensiveIncomeLoss_019d4f74-6e57-7c29-acb0-c64262dc3df3" xlink:href="osnl-20260331.xsd#osnl_RedeemableNoncontrollingInterestOtherComprehensiveIncomeLoss"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_019d4f74-6e57-7dad-a210-8dde85ec67fd" xlink:to="loc_osnl_RedeemableNoncontrollingInterestOtherComprehensiveIncomeLoss_019d4f74-6e57-7c29-acb0-c64262dc3df3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_019d4f74-6e57-7bde-9c44-8eb23de1896e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockDividendsPerShareDeclared"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_019d4f74-6e57-7dad-a210-8dde85ec67fd" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_019d4f74-6e57-7bde-9c44-8eb23de1896e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/CondensedConsolidatedStatementsofCashFlows" xlink:type="simple" xlink:href="osnl-20260331.xsd#CondensedConsolidatedStatementsofCashFlows"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/CondensedConsolidatedStatementsofCashFlows" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_019d4f74-6e57-780b-96be-5b9285cb618c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementOfCashFlowsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-722e-905e-bb51d6ffb702" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019d4f74-6e57-780b-96be-5b9285cb618c" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-722e-905e-bb51d6ffb702" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019d4f74-6e57-79d0-86f3-6357fc7f3214" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-722e-905e-bb51d6ffb702" xlink:to="loc_us-gaap_ProfitLoss_019d4f74-6e57-79d0-86f3-6357fc7f3214" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-789b-9417-cdb8e5b89e1e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-722e-905e-bb51d6ffb702" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-789b-9417-cdb8e5b89e1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ManagementFeeExpense_019d4f74-6e57-73ef-a3ea-40d3898d0810" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ManagementFeeExpense"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-789b-9417-cdb8e5b89e1e" xlink:to="loc_us-gaap_ManagementFeeExpense_019d4f74-6e57-73ef-a3ea-40d3898d0810" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncentiveFeeExpense_019d4f74-6e57-7f2e-8050-48b242ffe625" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncentiveFeeExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-789b-9417-cdb8e5b89e1e" xlink:to="loc_us-gaap_IncentiveFeeExpense_019d4f74-6e57-7f2e-8050-48b242ffe625" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherDepreciationAndAmortization_019d4f74-6e57-7f45-ae2a-fa63460a5bd3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherDepreciationAndAmortization"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-789b-9417-cdb8e5b89e1e" xlink:to="loc_us-gaap_OtherDepreciationAndAmortization_019d4f74-6e57-7f45-ae2a-fa63460a5bd3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StraightLineRentAdjustments_019d4f74-6e57-7760-b861-cc00d1c2adae" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StraightLineRentAdjustments"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-789b-9417-cdb8e5b89e1e" xlink:to="loc_us-gaap_StraightLineRentAdjustments_019d4f74-6e57-7760-b861-cc00d1c2adae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_019dd451-c1bc-79a5-8137-51ae7f00940b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-789b-9417-cdb8e5b89e1e" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_019dd451-c1bc-79a5-8137-51ae7f00940b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_019d909c-8805-7172-ba37-3110e0b523e6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-789b-9417-cdb8e5b89e1e" xlink:to="loc_us-gaap_AmortizationOfFinancingCosts_019d909c-8805-7172-ba37-3110e0b523e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfAboveAndBelowMarketLeases_019d4f74-6e57-7bd7-b1c3-b7ed32e9fb8d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AmortizationOfAboveAndBelowMarketLeases"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-789b-9417-cdb8e5b89e1e" xlink:to="loc_us-gaap_AmortizationOfAboveAndBelowMarketLeases_019d4f74-6e57-7bd7-b1c3-b7ed32e9fb8d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_019d4f74-6e57-72c8-b9a7-91efdfe3c8ab" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeLossFromEquityMethodInvestments"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-789b-9417-cdb8e5b89e1e" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_019d4f74-6e57-72c8-b9a7-91efdfe3c8ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AmortizationAccretionOfRestrictedStock_019d4f74-6e57-7520-8671-d8a54ca4a674" xlink:href="osnl-20260331.xsd#osnl_AmortizationAccretionOfRestrictedStock"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-789b-9417-cdb8e5b89e1e" xlink:to="loc_osnl_AmortizationAccretionOfRestrictedStock_019d4f74-6e57-7520-8671-d8a54ca4a674" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_019d4f74-6e57-7991-a7ac-8f2f35764843" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-789b-9417-cdb8e5b89e1e" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_019d4f74-6e57-7991-a7ac-8f2f35764843" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_019d4f74-6e57-7a26-bd2d-d7225c4acb1f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_019d4f74-6e57-7991-a7ac-8f2f35764843" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_019d4f74-6e57-7a26-bd2d-d7225c4acb1f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDueToAffiliates_019d4f74-6e57-7f2e-8261-13ec9063f54c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInDueToAffiliates"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_019d4f74-6e57-7991-a7ac-8f2f35764843" xlink:to="loc_us-gaap_IncreaseDecreaseInDueToAffiliates_019d4f74-6e57-7f2e-8261-13ec9063f54c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_019d4f74-6e57-7e41-b9f9-a500b13c6805" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_019d4f74-6e57-7991-a7ac-8f2f35764843" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_019d4f74-6e57-7e41-b9f9-a500b13c6805" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_019d4f74-6e57-7925-9d8b-969bc7719d43" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_019d4f74-6e57-7991-a7ac-8f2f35764843" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_019d4f74-6e57-7925-9d8b-969bc7719d43" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d4f74-6f12-77f5-b16e-4bcacf384c37" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_019d4f74-6e57-722e-905e-bb51d6ffb702" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019d4f74-6f12-77f5-b16e-4bcacf384c37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019d4f74-6f12-72e1-9803-bd80c1ecc74a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019d4f74-6e57-780b-96be-5b9285cb618c" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019d4f74-6f12-72e1-9803-bd80c1ecc74a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireOtherRealEstate_019df1e4-4246-777b-b0c9-647319760119" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsToAcquireOtherRealEstate"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019d4f74-6f12-72e1-9803-bd80c1ecc74a" xlink:to="loc_us-gaap_PaymentsToAcquireOtherRealEstate_019df1e4-4246-777b-b0c9-647319760119" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToDevelopRealEstateAssets_019d4f74-6f12-79c8-b50a-f68d450740ce" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsToDevelopRealEstateAssets"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019d4f74-6f12-72e1-9803-bd80c1ecc74a" xlink:to="loc_us-gaap_PaymentsToDevelopRealEstateAssets_019d4f74-6f12-79c8-b50a-f68d450740ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_019d4f74-6f12-78d6-b914-f68dcc85780c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019d4f74-6f12-72e1-9803-bd80c1ecc74a" xlink:to="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_019d4f74-6f12-78d6-b914-f68dcc85780c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_019d4f74-6f12-7ed5-8526-bc7fc612f505" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019d4f74-6f12-72e1-9803-bd80c1ecc74a" xlink:to="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt_019d4f74-6f12-7ed5-8526-bc7fc612f505" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireEquityMethodInvestments_019d4f74-6f12-789f-ad06-d0c47711476a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsToAcquireEquityMethodInvestments"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019d4f74-6f12-72e1-9803-bd80c1ecc74a" xlink:to="loc_us-gaap_PaymentsToAcquireEquityMethodInvestments_019d4f74-6f12-789f-ad06-d0c47711476a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromDerivativeInstrumentInvestingActivities_019d4f74-6f12-7faf-bf62-3f816e9d1fb6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromDerivativeInstrumentInvestingActivities"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019d4f74-6f12-72e1-9803-bd80c1ecc74a" xlink:to="loc_us-gaap_ProceedsFromDerivativeInstrumentInvestingActivities_019d4f74-6f12-7faf-bf62-3f816e9d1fb6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019d4f74-6f12-7049-a5a7-27035f9bb2bf" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019d4f74-6f12-72e1-9803-bd80c1ecc74a" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019d4f74-6f12-7049-a5a7-27035f9bb2bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019d4f74-6f12-74cd-9f39-1728987d54ed" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019d4f74-6e57-780b-96be-5b9285cb618c" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019d4f74-6f12-74cd-9f39-1728987d54ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_019d4f74-6f12-7d6c-95e6-2c7367ed2a52" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019d4f74-6f12-74cd-9f39-1728987d54ed" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_019d4f74-6f12-7d6c-95e6-2c7367ed2a52" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividendsCommonStock_019d4f74-6f12-7f8c-8154-67ecddd8b2a2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsOfDividendsCommonStock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019d4f74-6f12-74cd-9f39-1728987d54ed" xlink:to="loc_us-gaap_PaymentsOfDividendsCommonStock_019d4f74-6f12-7f8c-8154-67ecddd8b2a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromMinorityShareholders_019d4f74-6f12-7293-8397-151b82e0205b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromMinorityShareholders"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019d4f74-6f12-74cd-9f39-1728987d54ed" xlink:to="loc_us-gaap_ProceedsFromMinorityShareholders_019d4f74-6f12-7293-8397-151b82e0205b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividendsMinorityInterest_019d4f74-6f12-745a-ae6f-c7d841822bad" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsOfDividendsMinorityInterest"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019d4f74-6f12-74cd-9f39-1728987d54ed" xlink:to="loc_us-gaap_PaymentsOfDividendsMinorityInterest_019d4f74-6f12-745a-ae6f-c7d841822bad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSecuredNotesPayable_019d4f74-6f12-78d5-b277-d3a9d5c7c3c6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromSecuredNotesPayable"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019d4f74-6f12-74cd-9f39-1728987d54ed" xlink:to="loc_us-gaap_ProceedsFromSecuredNotesPayable_019d4f74-6f12-78d5-b277-d3a9d5c7c3c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfNotesPayable_019d4f74-6f12-7c69-9f80-9004e267bf85" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RepaymentsOfNotesPayable"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019d4f74-6f12-74cd-9f39-1728987d54ed" xlink:to="loc_us-gaap_RepaymentsOfNotesPayable_019d4f74-6f12-7c69-9f80-9004e267bf85" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfLinesOfCredit_019dd45b-9893-725b-b02a-526381f1245c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RepaymentsOfLinesOfCredit"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019d4f74-6f12-74cd-9f39-1728987d54ed" xlink:to="loc_us-gaap_RepaymentsOfLinesOfCredit_019dd45b-9893-725b-b02a-526381f1245c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDebtIssuanceCosts_019d4f74-6f12-7d56-a9e8-093179bf5da0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsOfDebtIssuanceCosts"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019d4f74-6f12-74cd-9f39-1728987d54ed" xlink:to="loc_us-gaap_PaymentsOfDebtIssuanceCosts_019d4f74-6f12-7d56-a9e8-093179bf5da0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019d4f74-6f12-7786-a368-cdcc6a3fe2b4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019d4f74-6f12-74cd-9f39-1728987d54ed" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019d4f74-6f12-7786-a368-cdcc6a3fe2b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_019d4f74-6f12-7c37-9347-caad466146e5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019d4f74-6e57-780b-96be-5b9285cb618c" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_019d4f74-6f12-7c37-9347-caad466146e5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_019d4f74-6f12-7bc9-8e48-d7b1c2bf83b6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019d4f74-6e57-780b-96be-5b9285cb618c" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_019d4f74-6f12-7bc9-8e48-d7b1c2bf83b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_019d4f74-6f12-7f05-848f-5f5f9788ab45" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019d4f74-6e57-780b-96be-5b9285cb618c" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_019d4f74-6f12-7f05-848f-5f5f9788ab45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019d4f74-6f12-7df5-bf6d-ad0e7eefc5c7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019d4f74-6e57-780b-96be-5b9285cb618c" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019d4f74-6f12-7df5-bf6d-ad0e7eefc5c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCash_019d4f74-6f12-7f0d-9944-4ddaafb5c6b8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RestrictedCash"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019d4f74-6e57-780b-96be-5b9285cb618c" xlink:to="loc_us-gaap_RestrictedCash_019d4f74-6f12-7f0d-9944-4ddaafb5c6b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_019d4f74-6f12-7c7a-9580-bcbca0a3d070" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019d4f74-6e57-780b-96be-5b9285cb618c" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_019d4f74-6f12-7c7a-9580-bcbca0a3d070" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_019d4f74-6f12-7d06-98de-193e0152003c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SupplementalCashFlowInformationAbstract"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019d4f74-6e57-780b-96be-5b9285cb618c" xlink:to="loc_us-gaap_SupplementalCashFlowInformationAbstract_019d4f74-6f12-7d06-98de-193e0152003c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPaidNet_019d4f74-6f12-7b04-8987-32e0c7414d77" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestPaidNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_019d4f74-6f12-7d06-98de-193e0152003c" xlink:to="loc_us-gaap_InterestPaidNet_019d4f74-6f12-7b04-8987-32e0c7414d77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AccruedUnpaidAmountsForRealEstateUnderDevelopment_019d4f74-6f12-73b4-bba9-73177eecc988" xlink:href="osnl-20260331.xsd#osnl_AccruedUnpaidAmountsForRealEstateUnderDevelopment"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_019d4f74-6f12-7d06-98de-193e0152003c" xlink:to="loc_osnl_AccruedUnpaidAmountsForRealEstateUnderDevelopment_019d4f74-6f12-73b4-bba9-73177eecc988" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019d4f74-6f12-7261-95b3-d47edc71d921" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019d4f74-6e57-780b-96be-5b9285cb618c" xlink:to="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019d4f74-6f12-7261-95b3-d47edc71d921" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationClassIRedeemableSharesIssued_019d4f74-6f12-7850-a19e-4a811d2e0f99" xlink:href="osnl-20260331.xsd#osnl_NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationClassIRedeemableSharesIssued"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019d4f74-6f12-7261-95b3-d47edc71d921" xlink:to="loc_osnl_NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationClassIRedeemableSharesIssued_019d4f74-6f12-7850-a19e-4a811d2e0f99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationRedeemableNoncontrollingInterestIssued_019d4f74-6f12-73dc-a928-d201f2b66b4c" xlink:href="osnl-20260331.xsd#osnl_NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationRedeemableNoncontrollingInterestIssued"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019d4f74-6f12-7261-95b3-d47edc71d921" xlink:to="loc_osnl_NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationRedeemableNoncontrollingInterestIssued_019d4f74-6f12-73dc-a928-d201f2b66b4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NoncashInvestingAndFinancingActivitiesAllocationToRedeemableNoncontrollingInterest_019d4f74-6f12-7baa-9736-05603fa49008" xlink:href="osnl-20260331.xsd#osnl_NoncashInvestingAndFinancingActivitiesAllocationToRedeemableNoncontrollingInterest"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019d4f74-6f12-7261-95b3-d47edc71d921" xlink:to="loc_osnl_NoncashInvestingAndFinancingActivitiesAllocationToRedeemableNoncontrollingInterest_019d4f74-6f12-7baa-9736-05603fa49008" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NoncashInvestingAndFinancingActivitiesAllocationToRedeemableCommonShares_019d4f74-6f12-7173-a68f-00e5a4e6b0d7" xlink:href="osnl-20260331.xsd#osnl_NoncashInvestingAndFinancingActivitiesAllocationToRedeemableCommonShares"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019d4f74-6f12-7261-95b3-d47edc71d921" xlink:to="loc_osnl_NoncashInvestingAndFinancingActivitiesAllocationToRedeemableCommonShares_019d4f74-6f12-7173-a68f-00e5a4e6b0d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NoncashInvestingAndFinancingActivitiesDistributionReinvestment_019d4f74-6f12-70c8-aa14-684e010f3d33" xlink:href="osnl-20260331.xsd#osnl_NoncashInvestingAndFinancingActivitiesDistributionReinvestment"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019d4f74-6f12-7261-95b3-d47edc71d921" xlink:to="loc_osnl_NoncashInvestingAndFinancingActivitiesDistributionReinvestment_019d4f74-6f12-70c8-aa14-684e010f3d33" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AccruedDividendsPayableForCommonShareholders_019d4f74-6f12-7a0f-802f-49efeb461e31" xlink:href="osnl-20260331.xsd#osnl_AccruedDividendsPayableForCommonShareholders"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019d4f74-6f12-7261-95b3-d47edc71d921" xlink:to="loc_osnl_AccruedDividendsPayableForCommonShareholders_019d4f74-6f12-7a0f-802f-49efeb461e31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AccruedDividendsPayableForNonControllingInterest_019d4f74-6f12-70a2-bcde-57285b3b6061" xlink:href="osnl-20260331.xsd#osnl_AccruedDividendsPayableForNonControllingInterest"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019d4f74-6f12-7261-95b3-d47edc71d921" xlink:to="loc_osnl_AccruedDividendsPayableForNonControllingInterest_019d4f74-6f12-70a2-bcde-57285b3b6061" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NoncashInvestingAndFinancingActivitiesAccruedDebtIssuanceCosts_019de071-7fde-7ccc-a34a-637af94e3091" xlink:href="osnl-20260331.xsd#osnl_NoncashInvestingAndFinancingActivitiesAccruedDebtIssuanceCosts"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019d4f74-6f12-7261-95b3-d47edc71d921" xlink:to="loc_osnl_NoncashInvestingAndFinancingActivitiesAccruedDebtIssuanceCosts_019de071-7fde-7ccc-a34a-637af94e3091" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AccruedShareholderServicingFees_019d4f74-6f12-73f4-933f-dbb80fd0533a" xlink:href="osnl-20260331.xsd#osnl_AccruedShareholderServicingFees"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019d4f74-6f12-7261-95b3-d47edc71d921" xlink:to="loc_osnl_AccruedShareholderServicingFees_019d4f74-6f12-73f4-933f-dbb80fd0533a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/OrganizationandNatureoftheBusiness" xlink:type="simple" xlink:href="osnl-20260331.xsd#OrganizationandNatureoftheBusiness"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/OrganizationandNatureoftheBusiness" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019d4f74-6f12-7b4d-84d4-5beb53c2b107" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NatureOfOperations_019d4f74-6f12-7e2b-b5d4-275f67fe6d15" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NatureOfOperations"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019d4f74-6f12-7b4d-84d4-5beb53c2b107" xlink:to="loc_us-gaap_NatureOfOperations_019d4f74-6f12-7e2b-b5d4-275f67fe6d15" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimates" xlink:type="simple" xlink:href="osnl-20260331.xsd#SummaryofSignificantAccountingPoliciesandEstimates"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimates" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7432-ab25-ad30d622237a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_019d4f74-6fdf-7919-bef5-f68ff85333d3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SignificantAccountingPoliciesTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7432-ab25-ad30d622237a" xlink:to="loc_us-gaap_SignificantAccountingPoliciesTextBlock_019d4f74-6fdf-7919-bef5-f68ff85333d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/InvestmentsinRealEstateNet" xlink:type="simple" xlink:href="osnl-20260331.xsd#InvestmentsinRealEstateNet"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/InvestmentsinRealEstateNet" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019d90c9-4933-78a9-8187-e33aa7074e34" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateDisclosureTextBlock_019d90c9-4933-770d-bd07-685efe6a1894" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstateDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4933-78a9-8187-e33aa7074e34" xlink:to="loc_us-gaap_RealEstateDisclosureTextBlock_019d90c9-4933-770d-bd07-685efe6a1894" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/InvestmentsinUnconsolidatedJointVentures" xlink:type="simple" xlink:href="osnl-20260331.xsd#InvestmentsinUnconsolidatedJointVentures"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/InvestmentsinUnconsolidatedJointVentures" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_019d4f74-6f13-746b-9863-bb2941fe186c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_019d4f74-6f13-7249-ab5a-5e275229bbcb" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityMethodInvestmentsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_019d4f74-6f13-746b-9863-bb2941fe186c" xlink:to="loc_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_019d4f74-6f13-7249-ab5a-5e275229bbcb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DebtInvestments" xlink:type="simple" xlink:href="osnl-20260331.xsd#DebtInvestments"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DebtInvestments" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019d4f74-6f13-70b7-9b64-4a4048cbf8a1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_019d4f74-6f13-7036-bd6d-55a68c364690" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019d4f74-6f13-70b7-9b64-4a4048cbf8a1" xlink:to="loc_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_019d4f74-6f13-7036-bd6d-55a68c364690" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/Intangibles" xlink:type="simple" xlink:href="osnl-20260331.xsd#Intangibles"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/Intangibles" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019d4f74-6f13-7ee4-9f4f-398c52a8dae8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsDisclosureTextBlock_019d4f74-6f13-7bba-8d2d-c5e8d2641411" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IntangibleAssetsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019d4f74-6f13-7ee4-9f4f-398c52a8dae8" xlink:to="loc_us-gaap_IntangibleAssetsDisclosureTextBlock_019d4f74-6f13-7bba-8d2d-c5e8d2641411" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/Debt" xlink:type="simple" xlink:href="osnl-20260331.xsd#Debt"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/Debt" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6f13-76ea-8a85-5045a400263d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_019d4f74-6f13-7421-bbae-56058eb9b0a6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6f13-76ea-8a85-5045a400263d" xlink:to="loc_us-gaap_DebtDisclosureTextBlock_019d4f74-6f13-7421-bbae-56058eb9b0a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DerivativeFinancialInstruments" xlink:type="simple" xlink:href="osnl-20260331.xsd#DerivativeFinancialInstruments"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DerivativeFinancialInstruments" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019d4f74-6fde-7a46-81a6-dc3e4dae83bd" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_019d4f74-6fde-76cf-b8cf-257a57a4c71f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019d4f74-6fde-7a46-81a6-dc3e4dae83bd" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_019d4f74-6fde-76cf-b8cf-257a57a4c71f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/RelatedPartyTransactions" xlink:type="simple" xlink:href="osnl-20260331.xsd#RelatedPartyTransactions"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/RelatedPartyTransactions" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_019d4f74-6f12-7096-a3ce-10a5b57c8161" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_019d4f74-6f12-73c7-84e1-b044378369d0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019d4f74-6f12-7096-a3ce-10a5b57c8161" xlink:to="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_019d4f74-6f12-73c7-84e1-b044378369d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/Leases" xlink:type="simple" xlink:href="osnl-20260331.xsd#Leases"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/Leases" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_019d4f74-6fde-7a30-8e5d-b9fc9816648d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorDirectFinancingLeasesTextBlock_019d4f74-6fde-712b-9f5e-991bce280414" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LessorDirectFinancingLeasesTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-7a30-8e5d-b9fc9816648d" xlink:to="loc_us-gaap_LessorDirectFinancingLeasesTextBlock_019d4f74-6fde-712b-9f5e-991bce280414" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeasesOfLessorDisclosureTextBlock_019d4f74-6fde-7e81-98df-f1873a1ae48a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeasesOfLessorDisclosureTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-7a30-8e5d-b9fc9816648d" xlink:to="loc_us-gaap_OperatingLeasesOfLessorDisclosureTextBlock_019d4f74-6fde-7e81-98df-f1873a1ae48a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/EquityandNonControllingInterest" xlink:type="simple" xlink:href="osnl-20260331.xsd#EquityandNonControllingInterest"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/EquityandNonControllingInterest" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019d4f74-6f12-740b-942f-ff6beff5781f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_019d4f74-6f12-7fa5-99ab-b9c3214cb404" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019d4f74-6f12-740b-942f-ff6beff5781f" xlink:to="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_019d4f74-6f12-7fa5-99ab-b9c3214cb404" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/CommitmentandContingencies" xlink:type="simple" xlink:href="osnl-20260331.xsd#CommitmentandContingencies"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/CommitmentandContingencies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_019d4f74-6f12-71cd-99cc-9b790b6f0fc7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_019d4f74-6f12-760c-aadd-dbec4e832534" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_019d4f74-6f12-71cd-99cc-9b790b6f0fc7" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_019d4f74-6f12-760c-aadd-dbec4e832534" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/EarningsPerShare" xlink:type="simple" xlink:href="osnl-20260331.xsd#EarningsPerShare"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/EarningsPerShare" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_019d4f74-6fde-7815-9a40-c39c75401ee5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_019d4f74-6fde-7651-baed-e711bf3f2510" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerShareTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_019d4f74-6fde-7815-9a40-c39c75401ee5" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_019d4f74-6fde-7651-baed-e711bf3f2510" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/SegmentReporting" xlink:type="simple" xlink:href="osnl-20260331.xsd#SegmentReporting"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/SegmentReporting" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_019d4f74-6fde-71b3-b435-fd13dc9797d1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingDisclosureTextBlock_019d4f74-6fde-7e30-9267-69b71c7dd5c4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SegmentReportingDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_019d4f74-6fde-71b3-b435-fd13dc9797d1" xlink:to="loc_us-gaap_SegmentReportingDisclosureTextBlock_019d4f74-6fde-7e30-9267-69b71c7dd5c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/SubsequentEvents" xlink:type="simple" xlink:href="osnl-20260331.xsd#SubsequentEvents"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/SubsequentEvents" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsAbstract_019d4f74-6f12-7663-8506-85dfb2d1501b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubsequentEventsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsTextBlock_019d4f74-6f12-76be-8a2a-2fb7a5f9586d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubsequentEventsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventsAbstract_019d4f74-6f12-7663-8506-85dfb2d1501b" xlink:to="loc_us-gaap_SubsequentEventsTextBlock_019d4f74-6f12-76be-8a2a-2fb7a5f9586d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesPolicies" xlink:type="simple" xlink:href="osnl-20260331.xsd#SummaryofSignificantAccountingPoliciesandEstimatesPolicies"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesPolicies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7a67-872e-d7df351a840f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_019d90af-c7d4-7aa1-b532-8b2e02b65426" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7a67-872e-d7df351a840f" xlink:to="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_019d90af-c7d4-7aa1-b532-8b2e02b65426" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_019d90af-def5-721f-932c-71c78a724d70" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ConsolidationPolicyTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7a67-872e-d7df351a840f" xlink:to="loc_us-gaap_ConsolidationPolicyTextBlock_019d90af-def5-721f-932c-71c78a724d70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UseOfEstimates_019d90af-f51c-7f8a-89e2-311535bfb287" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_UseOfEstimates"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7a67-872e-d7df351a840f" xlink:to="loc_us-gaap_UseOfEstimates_019d90af-f51c-7f8a-89e2-311535bfb287" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueRecognitionLeases_019d90b0-0c83-71ea-9c0c-b44a56647d90" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RevenueRecognitionLeases"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7a67-872e-d7df351a840f" xlink:to="loc_us-gaap_RevenueRecognitionLeases_019d90b0-0c83-71ea-9c0c-b44a56647d90" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeLeasesPolicyTextBlock_019d90b0-2668-7475-9ec3-f37ebe473648" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LesseeLeasesPolicyTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7a67-872e-d7df351a840f" xlink:to="loc_us-gaap_LesseeLeasesPolicyTextBlock_019d90b0-2668-7475-9ec3-f37ebe473648" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentsPolicy_019db3cd-a93c-7afe-8d21-f1f4258b43e6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityMethodInvestmentsPolicy"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7a67-872e-d7df351a840f" xlink:to="loc_us-gaap_EquityMethodInvestmentsPolicy_019db3cd-a93c-7afe-8d21-f1f4258b43e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_019d90b0-6d51-7003-8d07-d047d386dd72" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueMeasurementPolicyPolicyTextBlock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7a67-872e-d7df351a840f" xlink:to="loc_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_019d90b0-6d51-7003-8d07-d047d386dd72" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtPolicyTextBlock_019db1ca-e64c-7c98-a517-3e88e2a86750" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtPolicyTextBlock"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7a67-872e-d7df351a840f" xlink:to="loc_us-gaap_DebtPolicyTextBlock_019db1ca-e64c-7c98-a517-3e88e2a86750" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerSharePolicyTextBlock_019d90b0-c253-7dbe-a92c-bdde423226f1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerSharePolicyTextBlock"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7a67-872e-d7df351a840f" xlink:to="loc_us-gaap_EarningsPerSharePolicyTextBlock_019d90b0-c253-7dbe-a92c-bdde423226f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_019d90b1-1b8c-7a5d-a1e2-5a1739608f8b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7a67-872e-d7df351a840f" xlink:to="loc_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_019d90b1-1b8c-7a5d-a1e2-5a1739608f8b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_019d90b1-607a-752a-ac83-85e78cc800b7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d4f74-6fdf-7a67-872e-d7df351a840f" xlink:to="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_019d90b1-607a-752a-ac83-85e78cc800b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesTables" xlink:type="simple" xlink:href="osnl-20260331.xsd#SummaryofSignificantAccountingPoliciesandEstimatesTables"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019d908a-b337-7aff-b71a-1a80f5d5fe1e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock_019d908a-b338-78b3-a570-13d86cfca598" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d908a-b337-7aff-b71a-1a80f5d5fe1e" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock_019d908a-b338-78b3-a570-13d86cfca598" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_019d9094-3fb3-7aad-96b9-eb0ee7dffdc0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d908a-b337-7aff-b71a-1a80f5d5fe1e" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_019d9094-3fb3-7aad-96b9-eb0ee7dffdc0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/InvestmentsinRealEstateNetTables" xlink:type="simple" xlink:href="osnl-20260331.xsd#InvestmentsinRealEstateNetTables"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/InvestmentsinRealEstateNetTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019d90c9-4933-7ac5-ae68-faba5afa8647" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock_019d90c9-4933-7254-bcea-b48ad1dd0033" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4933-7ac5-ae68-faba5afa8647" xlink:to="loc_us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock_019d90c9-4933-7254-bcea-b48ad1dd0033" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/InvestmentsinUnconsolidatedJointVenturesTables" xlink:type="simple" xlink:href="osnl-20260331.xsd#InvestmentsinUnconsolidatedJointVenturesTables"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/InvestmentsinUnconsolidatedJointVenturesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_019d4f74-6f13-7a2b-ab1f-9a7c519ccf6c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentsTextBlock_019d4f74-6f13-78a1-afd4-c76c46c79c51" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityMethodInvestmentsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_019d4f74-6f13-7a2b-ab1f-9a7c519ccf6c" xlink:to="loc_us-gaap_EquityMethodInvestmentsTextBlock_019d4f74-6f13-78a1-afd4-c76c46c79c51" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DebtInvestmentsTables" xlink:type="simple" xlink:href="osnl-20260331.xsd#DebtInvestmentsTables"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DebtInvestmentsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019d4f74-6f13-7cb9-999a-73f340f97730" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock_019d4f74-6f13-7f78-913c-15b581967a15" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019d4f74-6f13-7cb9-999a-73f340f97730" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock_019d4f74-6f13-7f78-913c-15b581967a15" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/IntangiblesTables" xlink:type="simple" xlink:href="osnl-20260331.xsd#IntangiblesTables"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/IntangiblesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019d4f74-6f13-7362-9e71-d93dbed16530" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_019d4f74-6f13-7331-9463-bc65d8cdc9b2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019d4f74-6f13-7362-9e71-d93dbed16530" xlink:to="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_019d4f74-6f13-7331-9463-bc65d8cdc9b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_019d4f74-6f13-7231-831a-7ef09b477d54" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019d4f74-6f13-7362-9e71-d93dbed16530" xlink:to="loc_us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_019d4f74-6f13-7231-831a-7ef09b477d54" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DebtTables" xlink:type="simple" xlink:href="osnl-20260331.xsd#DebtTables"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DebtTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6f13-7c4f-9bba-82061a003372" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDebtTableTextBlock_019d4f74-6f13-745f-99a1-e733b5d17fa3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfDebtTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6f13-7c4f-9bba-82061a003372" xlink:to="loc_us-gaap_ScheduleOfDebtTableTextBlock_019d4f74-6f13-745f-99a1-e733b5d17fa3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_019d4f74-6f13-7597-a44f-72ab1fe0b910" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6f13-7c4f-9bba-82061a003372" xlink:to="loc_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_019d4f74-6f13-7597-a44f-72ab1fe0b910" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DerivativeFinancialInstrumentsTables" xlink:type="simple" xlink:href="osnl-20260331.xsd#DerivativeFinancialInstrumentsTables"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DerivativeFinancialInstrumentsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019d4f74-6fde-7570-b08f-3f46bc1a9395" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock_019d4f74-6fde-7fd7-b9fc-50e60b517592" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfDerivativeInstrumentsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019d4f74-6fde-7570-b08f-3f46bc1a9395" xlink:to="loc_us-gaap_ScheduleOfDerivativeInstrumentsTextBlock_019d4f74-6fde-7fd7-b9fc-50e60b517592" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_019d4f74-6fde-7a2c-87fc-49cf104cced4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019d4f74-6fde-7570-b08f-3f46bc1a9395" xlink:to="loc_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_019d4f74-6fde-7a2c-87fc-49cf104cced4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_019d4f74-6fde-7f41-976f-5a546a18ea9f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019d4f74-6fde-7570-b08f-3f46bc1a9395" xlink:to="loc_us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_019d4f74-6fde-7f41-976f-5a546a18ea9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/RelatedPartyTransactionsTables" xlink:type="simple" xlink:href="osnl-20260331.xsd#RelatedPartyTransactionsTables"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/RelatedPartyTransactionsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_019d4f74-6f12-765b-ae56-499d59bf0277" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_019d4f74-6f12-7ae9-973e-578cfe2af618" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019d4f74-6f12-765b-ae56-499d59bf0277" xlink:to="loc_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_019d4f74-6f12-7ae9-973e-578cfe2af618" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/LeasesTables" xlink:type="simple" xlink:href="osnl-20260331.xsd#LeasesTables"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/LeasesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_019d4f74-6fde-71a9-80d7-71c4753945f8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncomeTableTextBlock_019d4f74-6fde-73ab-94aa-d5336fea3c5b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseLeaseIncomeTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-71a9-80d7-71c4753945f8" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncomeTableTextBlock_019d4f74-6fde-73ab-94aa-d5336fea3c5b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_019d4f74-6fde-7bda-825f-138784588807" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-71a9-80d7-71c4753945f8" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_019d4f74-6fde-7bda-825f-138784588807" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/EquityandNonControllingInterestTables" xlink:type="simple" xlink:href="osnl-20260331.xsd#EquityandNonControllingInterestTables"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/EquityandNonControllingInterestTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019d4f74-6f12-73c0-8571-bc758cf51f00" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfStockByClassTextBlock_019d4f74-6f12-77b4-8be3-737dad5be76d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfStockByClassTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019d4f74-6f12-73c0-8571-bc758cf51f00" xlink:to="loc_us-gaap_ScheduleOfStockByClassTextBlock_019d4f74-6f12-77b4-8be3-737dad5be76d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsDeclaredTableTextBlock_019d4f74-6f12-728d-a56b-ad1a154fb318" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DividendsDeclaredTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019d4f74-6f12-73c0-8571-bc758cf51f00" xlink:to="loc_us-gaap_DividendsDeclaredTableTextBlock_019d4f74-6f12-728d-a56b-ad1a154fb318" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestTableTextBlock_019d4f74-6f12-7d55-8d33-334268d1c639" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RedeemableNoncontrollingInterestTableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019d4f74-6f12-73c0-8571-bc758cf51f00" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestTableTextBlock_019d4f74-6f12-7d55-8d33-334268d1c639" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/EarningsPerShareTables" xlink:type="simple" xlink:href="osnl-20260331.xsd#EarningsPerShareTables"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/EarningsPerShareTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_019d4f74-6fde-7141-9e5e-a90ffba0ca30" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_019d4f74-6fde-7564-9050-6cf6ebd86646" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_019d4f74-6fde-7141-9e5e-a90ffba0ca30" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_019d4f74-6fde-7564-9050-6cf6ebd86646" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/SegmentReportingTables" xlink:type="simple" xlink:href="osnl-20260331.xsd#SegmentReportingTables"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/SegmentReportingTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_019d4f74-6fde-7f79-8ebe-83088eadc16a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_019d4f74-6fde-7200-bba4-42035aacd893" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_019d4f74-6fde-7f79-8ebe-83088eadc16a" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_019d4f74-6fde-7200-bba4-42035aacd893" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/OrganizationandNatureoftheBusinessDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#OrganizationandNatureoftheBusinessDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/OrganizationandNatureoftheBusinessDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019d4f74-6f12-7755-a03f-17592156402f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsidiaryOrEquityMethodInvesteeSaleOfStockBySubsidiaryOrEquityInvesteeTable_019d4f74-6f12-73a7-85a7-9322ab0b36de" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubsidiaryOrEquityMethodInvesteeSaleOfStockBySubsidiaryOrEquityInvesteeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019d4f74-6f12-7755-a03f-17592156402f" xlink:to="loc_us-gaap_SubsidiaryOrEquityMethodInvesteeSaleOfStockBySubsidiaryOrEquityInvesteeTable_019d4f74-6f12-73a7-85a7-9322ab0b36de" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OwnershipAxis_019d9075-d7f7-7597-8af7-9fefe6166159" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_OwnershipAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiaryOrEquityMethodInvesteeSaleOfStockBySubsidiaryOrEquityInvesteeTable_019d4f74-6f12-73a7-85a7-9322ab0b36de" xlink:to="loc_srt_OwnershipAxis_019d9075-d7f7-7597-8af7-9fefe6166159" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OwnershipDomain_019d9075-d7f7-750e-93b6-cd1c7776a35f" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_OwnershipDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_OwnershipAxis_019d9075-d7f7-7597-8af7-9fefe6166159" xlink:to="loc_srt_OwnershipDomain_019d9075-d7f7-750e-93b6-cd1c7776a35f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_BlueOwlDigitalInfrastructureTrustAdvisorsMember_019d9075-d7f7-776b-9ba0-258adcdaef8b" xlink:href="osnl-20260331.xsd#osnl_BlueOwlDigitalInfrastructureTrustAdvisorsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_OwnershipDomain_019d9075-d7f7-750e-93b6-cd1c7776a35f" xlink:to="loc_osnl_BlueOwlDigitalInfrastructureTrustAdvisorsMember_019d9075-d7f7-776b-9ba0-258adcdaef8b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsidiarySaleOfStockAxis_019d9075-d7f7-75fc-a7d0-ef162b4779ee" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubsidiarySaleOfStockAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiaryOrEquityMethodInvesteeSaleOfStockBySubsidiaryOrEquityInvesteeTable_019d4f74-6f12-73a7-85a7-9322ab0b36de" xlink:to="loc_us-gaap_SubsidiarySaleOfStockAxis_019d9075-d7f7-75fc-a7d0-ef162b4779ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleOfStockNameOfTransactionDomain_019d9075-d7f7-7563-aaf2-6275bd52c1cc" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SaleOfStockNameOfTransactionDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockAxis_019d9075-d7f7-75fc-a7d0-ef162b4779ee" xlink:to="loc_us-gaap_SaleOfStockNameOfTransactionDomain_019d9075-d7f7-7563-aaf2-6275bd52c1cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrivatePlacementMember_019d9075-d7f7-77d7-b0ae-70df5698dff5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PrivatePlacementMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SaleOfStockNameOfTransactionDomain_019d9075-d7f7-7563-aaf2-6275bd52c1cc" xlink:to="loc_us-gaap_PrivatePlacementMember_019d9075-d7f7-77d7-b0ae-70df5698dff5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019d9075-d7f7-7360-b9c2-56a1e37aff12" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiaryOrEquityMethodInvesteeSaleOfStockBySubsidiaryOrEquityInvesteeTable_019d4f74-6f12-73a7-85a7-9322ab0b36de" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019d9075-d7f7-7360-b9c2-56a1e37aff12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019d9075-d7f7-7b9a-b27b-b1242afda526" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019d9075-d7f7-7360-b9c2-56a1e37aff12" xlink:to="loc_us-gaap_ClassOfStockDomain_019d9075-d7f7-7b9a-b27b-b1242afda526" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_ClassISharesMember_019d9075-d7f7-770d-ba1e-ccd1ccb70d46" xlink:href="osnl-20260331.xsd#osnl_ClassISharesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9075-d7f7-7b9a-b27b-b1242afda526" xlink:to="loc_osnl_ClassISharesMember_019d9075-d7f7-770d-ba1e-ccd1ccb70d46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableClassECommonSharesMember_019d9075-d7f7-7483-b037-e5b71950036c" xlink:href="osnl-20260331.xsd#osnl_RedeemableClassECommonSharesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9075-d7f7-7b9a-b27b-b1242afda526" xlink:to="loc_osnl_RedeemableClassECommonSharesMember_019d9075-d7f7-7483-b037-e5b71950036c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_ClassSSharesMember_019d9075-d7f7-70e0-a6cc-73b07ce9b1de" xlink:href="osnl-20260331.xsd#osnl_ClassSSharesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9075-d7f7-7b9a-b27b-b1242afda526" xlink:to="loc_osnl_ClassSSharesMember_019d9075-d7f7-70e0-a6cc-73b07ce9b1de" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_ClassDSharesMember_019d9075-d7f7-79ef-8d16-a61a4c4d2df4" xlink:href="osnl-20260331.xsd#osnl_ClassDSharesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9075-d7f7-7b9a-b27b-b1242afda526" xlink:to="loc_osnl_ClassDSharesMember_019d9075-d7f7-79ef-8d16-a61a4c4d2df4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019db61f-afcb-7747-82b4-d664336b4047" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiaryOrEquityMethodInvesteeSaleOfStockBySubsidiaryOrEquityInvesteeTable_019d4f74-6f12-73a7-85a7-9322ab0b36de" xlink:to="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019db61f-afcb-7747-82b4-d664336b4047" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_EquityMethodInvesteeNameDomain_019db61f-afcb-71d8-9f01-5096d59b52de" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_EquityMethodInvesteeNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019db61f-afcb-7747-82b4-d664336b4047" xlink:to="loc_srt_EquityMethodInvesteeNameDomain_019db61f-afcb-71d8-9f01-5096d59b52de" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvesteesMember_019db620-3d33-7671-a5ca-b220d4a39ff8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherInvesteesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_019db61f-afcb-71d8-9f01-5096d59b52de" xlink:to="loc_us-gaap_OtherInvesteesMember_019db620-3d33-7671-a5ca-b220d4a39ff8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_019dd4c6-44f0-7d6f-b1a7-703b3d8990b0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiaryOrEquityMethodInvesteeSaleOfStockBySubsidiaryOrEquityInvesteeTable_019d4f74-6f12-73a7-85a7-9322ab0b36de" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_019dd4c6-44f0-7d6f-b1a7-703b3d8990b0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_019dd4c6-44f0-7cdf-9335-7da7c7898be3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_019dd4c6-44f0-7d6f-b1a7-703b3d8990b0" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_019dd4c6-44f0-7cdf-9335-7da7c7898be3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesMember_019dd4c6-44f0-7624-8e9e-5d44218a262f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_019dd4c6-44f0-7cdf-9335-7da7c7898be3" xlink:to="loc_us-gaap_DebtSecuritiesMember_019dd4c6-44f0-7624-8e9e-5d44218a262f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubsidiarySaleOfStockLineItems"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiaryOrEquityMethodInvesteeSaleOfStockBySubsidiaryOrEquityInvesteeTable_019d4f74-6f12-73a7-85a7-9322ab0b36de" xlink:to="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_InceptionDate_019d9075-d7f7-7623-be45-ed218cf15635" xlink:href="osnl-20260331.xsd#osnl_InceptionDate"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:to="loc_osnl_InceptionDate_019d9075-d7f7-7623-be45-ed218cf15635" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterestOwnershipPercentageByParent_019d9075-d7f7-72ed-bda8-8ddbe31dddca" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_MinorityInterestOwnershipPercentageByParent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:to="loc_us-gaap_MinorityInterestOwnershipPercentageByParent_019d9075-d7f7-72ed-bda8-8ddbe31dddca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_019d9075-d7f7-7c1c-91c1-34316123e424" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:to="loc_us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_019d9075-d7f7-7c1c-91c1-34316123e424" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleOfStockConsiderationReceivedOnTransaction_019d9075-d7f7-7cff-a36e-72f620d2a01e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SaleOfStockConsiderationReceivedOnTransaction"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:to="loc_us-gaap_SaleOfStockConsiderationReceivedOnTransaction_019d9075-d7f7-7cff-a36e-72f620d2a01e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfOperatingSegments_019d9075-d7f7-7729-982c-ea6d185399d8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NumberOfOperatingSegments"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:to="loc_us-gaap_NumberOfOperatingSegments_019d9075-d7f7-7729-982c-ea6d185399d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfReportableSegments_019d9075-d7f7-786b-95d7-77c1f8465d60" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NumberOfReportableSegments"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:to="loc_us-gaap_NumberOfReportableSegments_019d9075-d7f7-786b-95d7-77c1f8465d60" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfRealEstateProperties_019d9075-d7f7-7481-be9f-6d3999d0ec84" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NumberOfRealEstateProperties"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_019d9075-d7f7-7481-be9f-6d3999d0ec84" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_019db3cc-919e-76f9-a276-07af2dba3bbc" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:to="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_019db3cc-919e-76f9-a276-07af2dba3bbc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NumberOfClassesOfCommonStock_019d9075-d7f7-704c-9eed-92176e95da63" xlink:href="osnl-20260331.xsd#osnl_NumberOfClassesOfCommonStock"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:to="loc_osnl_NumberOfClassesOfCommonStock_019d9075-d7f7-704c-9eed-92176e95da63" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_019d9075-d7f7-71f5-8367-c4e28ecde3b1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_019d9075-d7f7-71f5-8367-c4e28ecde3b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleOfStockPricePerShare_019d9075-d7f7-735a-8a26-770690300f7d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SaleOfStockPricePerShare"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockLineItems_019d9075-d7f7-709e-8b90-2b1fa14774b7" xlink:to="loc_us-gaap_SaleOfStockPricePerShare_019d9075-d7f7-735a-8a26-770690300f7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesNarrativeDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#SummaryofSignificantAccountingPoliciesandEstimatesNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019d90b7-4c13-77e3-93ca-8e0734adf346" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_019d90ba-9195-72ec-864e-f7ab066c846f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d90b7-4c13-77e3-93ca-8e0734adf346" xlink:to="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_019d90ba-9195-72ec-864e-f7ab066c846f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_019d90ba-9195-77c8-8427-f9c667c4b2af" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_019d90ba-9195-72ec-864e-f7ab066c846f" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_019d90ba-9195-77c8-8427-f9c667c4b2af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019d90ba-9196-7d09-8c7c-75d0dbf28739" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_019d90ba-9195-77c8-8427-f9c667c4b2af" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019d90ba-9196-7d09-8c7c-75d0dbf28739" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_019d90ba-9196-7673-b5d7-82736956c025" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019d90ba-9196-7d09-8c7c-75d0dbf28739" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_019d90ba-9196-7673-b5d7-82736956c025" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeAxis_019d90ba-9196-7600-b5ca-59874a34aa93" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_MeasurementInputTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_019d90ba-9195-72ec-864e-f7ab066c846f" xlink:to="loc_us-gaap_MeasurementInputTypeAxis_019d90ba-9196-7600-b5ca-59874a34aa93" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeDomain_019d90ba-9196-78d3-ac7e-086796a7a2a4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_MeasurementInputTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeAxis_019d90ba-9196-7600-b5ca-59874a34aa93" xlink:to="loc_us-gaap_MeasurementInputTypeDomain_019d90ba-9196-78d3-ac7e-086796a7a2a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_MeasurementInputWeightedAverageInterestRateMember_019d90ba-9196-7e9a-9447-27547f26101e" xlink:href="osnl-20260331.xsd#osnl_MeasurementInputWeightedAverageInterestRateMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_019d90ba-9196-78d3-ac7e-086796a7a2a4" xlink:to="loc_osnl_MeasurementInputWeightedAverageInterestRateMember_019d90ba-9196-7e9a-9447-27547f26101e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ValuationTechniqueAxis_019df1ee-cdea-745a-b7c1-34670232c3f5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ValuationTechniqueAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_019d90ba-9195-72ec-864e-f7ab066c846f" xlink:to="loc_us-gaap_ValuationTechniqueAxis_019df1ee-cdea-745a-b7c1-34670232c3f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ValuationTechniqueDomain_019df1ee-cdea-7a94-aa76-49252fb884a9" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ValuationTechniqueDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ValuationTechniqueAxis_019df1ee-cdea-745a-b7c1-34670232c3f5" xlink:to="loc_us-gaap_ValuationTechniqueDomain_019df1ee-cdea-7a94-aa76-49252fb884a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MarketApproachValuationTechniqueMember_019df3ed-51dc-7663-baf9-28166fa4d87f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_MarketApproachValuationTechniqueMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ValuationTechniqueDomain_019df1ee-cdea-7a94-aa76-49252fb884a9" xlink:to="loc_us-gaap_MarketApproachValuationTechniqueMember_019df3ed-51dc-7663-baf9-28166fa4d87f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_019d90ba-9196-73df-a18f-913c5b96c353" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_019d90ba-9195-72ec-864e-f7ab066c846f" xlink:to="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_019d90ba-9196-73df-a18f-913c5b96c353" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleMeasurementInput_019d90ba-9196-747e-9389-dda101835c8d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtSecuritiesAvailableForSaleMeasurementInput"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_019d90ba-9196-73df-a18f-913c5b96c353" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleMeasurementInput_019d90ba-9196-747e-9389-dda101835c8d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMeasurementInput_019d90ba-9196-706c-89e2-3c612eb1f859" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtMeasurementInput"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_019d90ba-9196-73df-a18f-913c5b96c353" xlink:to="loc_us-gaap_LongTermDebtMeasurementInput_019d90ba-9196-706c-89e2-3c612eb1f859" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesScheduleofAssetsMeasuredatFairValueonaRecurringBasisDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#SummaryofSignificantAccountingPoliciesandEstimatesScheduleofAssetsMeasuredatFairValueonaRecurringBasisDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesScheduleofAssetsMeasuredatFairValueonaRecurringBasisDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019d90bc-2cf3-77c7-a87a-12da6bc052a3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019d90bf-740d-79be-8d91-389ec4729122" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d90bc-2cf3-77c7-a87a-12da6bc052a3" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019d90bf-740d-79be-8d91-389ec4729122" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_019d90bf-740d-7096-87ff-f79335a7dbe9" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019d90bf-740d-79be-8d91-389ec4729122" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_019d90bf-740d-7096-87ff-f79335a7dbe9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019d90bf-740d-79f7-9f94-b105416c702d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_019d90bf-740d-7096-87ff-f79335a7dbe9" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019d90bf-740d-79f7-9f94-b105416c702d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_019d90bf-740d-7aa2-ade9-e78c81156bf6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueInputsLevel2Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019d90bf-740d-79f7-9f94-b105416c702d" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_019d90bf-740d-7aa2-ade9-e78c81156bf6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_019d90bf-740d-7255-8125-912bcb705ab8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019d90bf-740d-79f7-9f94-b105416c702d" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_019d90bf-740d-7255-8125-912bcb705ab8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_019d90bf-740d-782a-ab21-01cd1f687929" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019d90bf-740d-79be-8d91-389ec4729122" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_019d90bf-740d-782a-ab21-01cd1f687929" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_019d90bf-740d-78a9-8c27-f3b3be3f95f3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_019d90bf-740d-782a-ab21-01cd1f687929" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_019d90bf-740d-78a9-8c27-f3b3be3f95f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateContractMember_019d90bf-740d-7f72-9624-8cdccfa78654" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestRateContractMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_019d90bf-740d-78a9-8c27-f3b3be3f95f3" xlink:to="loc_us-gaap_InterestRateContractMember_019d90bf-740d-7f72-9624-8cdccfa78654" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019d90bf-740d-70e7-8b49-e9a87d213a4a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019d90bf-740d-79be-8d91-389ec4729122" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019d90bf-740d-70e7-8b49-e9a87d213a4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentsFairValueDisclosure_019d90bf-740d-7e0a-873a-c619f3fcdb0f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityMethodInvestmentsFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019d90bf-740d-70e7-8b49-e9a87d213a4a" xlink:to="loc_us-gaap_EquityMethodInvestmentsFairValueDisclosure_019d90bf-740d-7e0a-873a-c619f3fcdb0f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019d90bf-740d-77b5-a973-fb7d90467ef1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019d90bf-740d-70e7-8b49-e9a87d213a4a" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019d90bf-740d-77b5-a973-fb7d90467ef1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_019d90bf-740d-73eb-a635-e7d738600aa0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeAssets"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019d90bf-740d-70e7-8b49-e9a87d213a4a" xlink:to="loc_us-gaap_DerivativeAssets_019d90bf-740d-73eb-a635-e7d738600aa0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsFairValueDisclosure_019d90bf-740d-71ff-8d4b-c65d53d9d295" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AssetsFairValueDisclosure"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019d90bf-740d-70e7-8b49-e9a87d213a4a" xlink:to="loc_us-gaap_AssetsFairValueDisclosure_019d90bf-740d-71ff-8d4b-c65d53d9d295" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesScheduleofAssetsandLiabilitiesMeasuredatFairValueonaRecurringBasisUsingLevel3InputsDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#SummaryofSignificantAccountingPoliciesandEstimatesScheduleofAssetsandLiabilitiesMeasuredatFairValueonaRecurringBasisUsingLevel3InputsDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/SummaryofSignificantAccountingPoliciesandEstimatesScheduleofAssetsandLiabilitiesMeasuredatFairValueonaRecurringBasisUsingLevel3InputsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019d90bc-49b5-7810-993e-f74608ce14cf" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019d90c5-8f20-750d-ae5d-98ceac521b06" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019d90bc-49b5-7810-993e-f74608ce14cf" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019d90c5-8f20-750d-ae5d-98ceac521b06" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_019d90c5-8f20-75e6-839a-f2f99e89a5a5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019d90c5-8f20-750d-ae5d-98ceac521b06" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_019d90c5-8f20-75e6-839a-f2f99e89a5a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_019d90c5-8f20-7cb7-a15e-95ab4d38b504" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_019d90c5-8f20-75e6-839a-f2f99e89a5a5" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_019d90c5-8f20-7cb7-a15e-95ab4d38b504" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentsMember_019d90c5-8f20-7938-b6a4-51b6a0421df4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityMethodInvestmentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_019d90c5-8f20-7cb7-a15e-95ab4d38b504" xlink:to="loc_us-gaap_EquityMethodInvestmentsMember_019d90c5-8f20-7938-b6a4-51b6a0421df4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019d90c5-8f20-7329-8d78-0acc6aedb6f0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019d90c5-8f20-750d-ae5d-98ceac521b06" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019d90c5-8f20-7329-8d78-0acc6aedb6f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019d90c5-c9bb-773d-bbeb-bca4528462f1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019d90c5-8f20-7329-8d78-0acc6aedb6f0" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019d90c5-c9bb-773d-bbeb-bca4528462f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_019d90c5-8f20-7f33-a036-d0801f16cca2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019d90c5-c9bb-773d-bbeb-bca4528462f1" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_019d90c5-8f20-7f33-a036-d0801f16cca2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_019d90c5-8f20-75ef-bab5-b3881f349852" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019d90c5-c9bb-773d-bbeb-bca4528462f1" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_019d90c5-8f20-75ef-bab5-b3881f349852" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIncomeFromUnconsolidatedRealEstateAffiliatesMeasuredAtFairValue_019d90c5-8f20-78fd-8207-9494dceda072" xlink:href="osnl-20260331.xsd#osnl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIncomeFromUnconsolidatedRealEstateAffiliatesMeasuredAtFairValue"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019d90c5-c9bb-773d-bbeb-bca4528462f1" xlink:to="loc_osnl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIncomeFromUnconsolidatedRealEstateAffiliatesMeasuredAtFairValue_019d90c5-8f20-78fd-8207-9494dceda072" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_019d90c6-94b5-79e5-b66f-f4489cff161a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019d90c5-c9bb-773d-bbeb-bca4528462f1" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_019d90c6-94b5-79e5-b66f-f4489cff161a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/InvestmentsinRealEstateNetScheduleofInvestmentsinRealEstateDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#InvestmentsinRealEstateNetScheduleofInvestmentsinRealEstateDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/InvestmentsinRealEstateNetScheduleofInvestmentsinRealEstateDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019d90c9-4933-7c6e-9210-4b1d29bd5cc4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentBuildingAndBuildingImprovements_019d90c9-4933-7350-a491-04e3f1806c4f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentBuildingAndBuildingImprovements"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4933-7c6e-9210-4b1d29bd5cc4" xlink:to="loc_us-gaap_InvestmentBuildingAndBuildingImprovements_019d90c9-4933-7350-a491-04e3f1806c4f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LandAndLandImprovements_019d90c9-4933-7dc0-a7be-8e73f94fe102" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LandAndLandImprovements"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4933-7c6e-9210-4b1d29bd5cc4" xlink:to="loc_us-gaap_LandAndLandImprovements_019d90c9-4933-7dc0-a7be-8e73f94fe102" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TenantImprovements_019d90c9-4933-732d-8d7f-61dfb2f54a2e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_TenantImprovements"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4933-7c6e-9210-4b1d29bd5cc4" xlink:to="loc_us-gaap_TenantImprovements_019d90c9-4933-732d-8d7f-61dfb2f54a2e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FixturesAndEquipmentGross_019d90c9-4933-7f8a-968d-05b403b2093d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FixturesAndEquipmentGross"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4933-7c6e-9210-4b1d29bd5cc4" xlink:to="loc_us-gaap_FixturesAndEquipmentGross_019d90c9-4933-7f8a-968d-05b403b2093d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DevelopmentInProcess_019d90c9-4933-7efd-a6b8-691cb2568c99" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DevelopmentInProcess"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4933-7c6e-9210-4b1d29bd5cc4" xlink:to="loc_us-gaap_DevelopmentInProcess_019d90c9-4933-7efd-a6b8-691cb2568c99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAtCost_019d90c9-4933-7848-924d-ba2e9e8940e6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstateInvestmentPropertyAtCost"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4933-7c6e-9210-4b1d29bd5cc4" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAtCost_019d90c9-4933-7848-924d-ba2e9e8940e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_019d90c9-4934-7975-bd91-aadabe611b05" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4933-7c6e-9210-4b1d29bd5cc4" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_019d90c9-4934-7975-bd91-aadabe611b05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_019d90c9-4934-70f2-803f-cc95e0a41fad" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstateInvestmentPropertyNet"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4933-7c6e-9210-4b1d29bd5cc4" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_019d90c9-4934-70f2-803f-cc95e0a41fad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/InvestmentsinRealEstateNetNarrativeDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#InvestmentsinRealEstateNetNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/InvestmentsinRealEstateNetNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019d90c9-4934-7cef-8abc-6b2d5155c9b8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RealEstateInvestmentsTransitionOfConstructionInProcessToInvestmentAssets_019db3e2-b97f-73c2-be68-d41bd225be26" xlink:href="osnl-20260331.xsd#osnl_RealEstateInvestmentsTransitionOfConstructionInProcessToInvestmentAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4934-7cef-8abc-6b2d5155c9b8" xlink:to="loc_osnl_RealEstateInvestmentsTransitionOfConstructionInProcessToInvestmentAssets_019db3e2-b97f-73c2-be68-d41bd225be26" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentFinancialAssets_019db606-f23f-7350-b9d2-e3485e60b267" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentFinancialAssets"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4934-7cef-8abc-6b2d5155c9b8" xlink:to="loc_us-gaap_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentFinancialAssets_019db606-f23f-7350-b9d2-e3485e60b267" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NumberOfDataCentersRelatedToAcquisitions_019e033a-134d-7e69-87af-f114e8ac4069" xlink:href="osnl-20260331.xsd#osnl_NumberOfDataCentersRelatedToAcquisitions"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4934-7cef-8abc-6b2d5155c9b8" xlink:to="loc_osnl_NumberOfDataCentersRelatedToAcquisitions_019e033a-134d-7e69-87af-f114e8ac4069" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NetRentableCapacity_019d90c9-4934-7aab-8798-912bcb908cdb" xlink:href="osnl-20260331.xsd#osnl_NetRentableCapacity"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4934-7cef-8abc-6b2d5155c9b8" xlink:to="loc_osnl_NetRentableCapacity_019d90c9-4934-7aab-8798-912bcb908cdb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NetRentableCapacityOccupancyRate_019d90c9-4934-7271-8603-9c3c340ba303" xlink:href="osnl-20260331.xsd#osnl_NetRentableCapacityOccupancyRate"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019d90c9-4934-7cef-8abc-6b2d5155c9b8" xlink:to="loc_osnl_NetRentableCapacityOccupancyRate_019d90c9-4934-7271-8603-9c3c340ba303" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/InvestmentsinUnconsolidatedJointVenturesDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#InvestmentsinUnconsolidatedJointVenturesDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/InvestmentsinUnconsolidatedJointVenturesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_019d4f74-6f13-7dfd-8ffb-14be363d8148" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_019d4f74-6f13-70c7-a481-3a5a585df0e2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_019d4f74-6f13-7dfd-8ffb-14be363d8148" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_019d4f74-6f13-70c7-a481-3a5a585df0e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_019db3e6-8a32-76fd-89b6-ad200f6f9be6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_019d4f74-6f13-70c7-a481-3a5a585df0e2" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_019db3e6-8a32-76fd-89b6-ad200f6f9be6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_019db3e6-8a32-7255-96c9-4bf471236d16" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_019db3e6-8a32-76fd-89b6-ad200f6f9be6" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_019db3e6-8a32-7255-96c9-4bf471236d16" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesMember_019db3e6-d422-7db5-ad92-6d4894739ed1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_019db3e6-8a32-7255-96c9-4bf471236d16" xlink:to="loc_us-gaap_DebtSecuritiesMember_019db3e6-d422-7db5-ad92-6d4894739ed1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019dd4c6-a536-7581-80b2-1c0cf7513b24" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_019d4f74-6f13-70c7-a481-3a5a585df0e2" xlink:to="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019dd4c6-a536-7581-80b2-1c0cf7513b24" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_EquityMethodInvesteeNameDomain_019dd4c6-a536-70d2-895a-056ad47be851" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_EquityMethodInvesteeNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019dd4c6-a536-7581-80b2-1c0cf7513b24" xlink:to="loc_srt_EquityMethodInvesteeNameDomain_019dd4c6-a536-70d2-895a-056ad47be851" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherInvesteesMember_019dd4c6-a536-788b-9bae-680aaa66ee23" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherInvesteesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_019dd4c6-a536-70d2-895a-056ad47be851" xlink:to="loc_us-gaap_OtherInvesteesMember_019dd4c6-a536-788b-9bae-680aaa66ee23" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_019d915d-9736-7ef3-be3a-588404b807bb" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_019d4f74-6f13-70c7-a481-3a5a585df0e2" xlink:to="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_019d915d-9736-7ef3-be3a-588404b807bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_EquityMethodInvestmentsNumberOfInvestments_019d915d-9736-7888-837d-54ba0871ecd8" xlink:href="osnl-20260331.xsd#osnl_EquityMethodInvestmentsNumberOfInvestments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_019d915d-9736-7ef3-be3a-588404b807bb" xlink:to="loc_osnl_EquityMethodInvestmentsNumberOfInvestments_019d915d-9736-7888-837d-54ba0871ecd8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_019d915d-9736-7721-b16f-a05a455aef0b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_019d915d-9736-7ef3-be3a-588404b807bb" xlink:to="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_019d915d-9736-7721-b16f-a05a455aef0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestments_019d915d-9736-78ae-8489-092937500616" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityMethodInvestments"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_019d915d-9736-7ef3-be3a-588404b807bb" xlink:to="loc_us-gaap_EquityMethodInvestments_019d915d-9736-78ae-8489-092937500616" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_019d915d-9736-7e73-aa6c-b75cf0bfc7c2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeLossFromEquityMethodInvestments"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_019d915d-9736-7ef3-be3a-588404b807bb" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_019d915d-9736-7e73-aa6c-b75cf0bfc7c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DebtInvestmentsScheduleofDebtInvestmentsDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#DebtInvestmentsScheduleofDebtInvestmentsDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DebtInvestmentsScheduleofDebtInvestmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019d90dc-ce2c-72be-aa17-4afb7aa12fc2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_019d90dc-ce2c-7031-bf6e-5624010d6852" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019d90dc-ce2c-72be-aa17-4afb7aa12fc2" xlink:to="loc_us-gaap_DebtInstrumentTable_019d90dc-ce2c-7031-bf6e-5624010d6852" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_019d90dc-ce2c-7f5e-8e65-d2d43597d1c8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019d90dc-ce2c-7031-bf6e-5624010d6852" xlink:to="loc_us-gaap_FinancialInstrumentAxis_019d90dc-ce2c-7f5e-8e65-d2d43597d1c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019d90dc-ce2c-793f-be64-ea0256f88800" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_019d90dc-ce2c-7f5e-8e65-d2d43597d1c8" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019d90dc-ce2c-793f-be64-ea0256f88800" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommercialMortgageBackedSecuritiesMember_019d90dc-ce2c-7791-97e5-1345c498bf9f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019d90dc-ce2c-793f-be64-ea0256f88800" xlink:to="loc_us-gaap_CommercialMortgageBackedSecuritiesMember_019d90dc-ce2c-7791-97e5-1345c498bf9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_019d90dc-ce2c-7160-9eb3-0b18305e8175" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019d90dc-ce2c-7031-bf6e-5624010d6852" xlink:to="loc_us-gaap_DebtInstrumentLineItems_019d90dc-ce2c-7160-9eb3-0b18305e8175" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleWeightedAverageYield_019d90dc-ce2c-7efd-ae63-3ca9fd59a793" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtSecuritiesAvailableForSaleWeightedAverageYield"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d90dc-ce2c-7160-9eb3-0b18305e8175" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleWeightedAverageYield_019d90dc-ce2c-7efd-ae63-3ca9fd59a793" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleFaceAmount_019d90dc-ce2c-7294-93db-d7e13eac425b" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleFaceAmount"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d90dc-ce2c-7160-9eb3-0b18305e8175" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleFaceAmount_019d90dc-ce2c-7294-93db-d7e13eac425b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_019d90dc-ce2c-773b-bbc9-cda8a0d8b173" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d90dc-ce2c-7160-9eb3-0b18305e8175" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_019d90dc-ce2c-773b-bbc9-cda8a0d8b173" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019d90dc-ce2c-7d9d-b92c-7b0b1c02b3ce" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d90dc-ce2c-7160-9eb3-0b18305e8175" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019d90dc-ce2c-7d9d-b92c-7b0b1c02b3ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DebtInvestmentsScheduleofInvestmentsinRealEstateDebtDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#DebtInvestmentsScheduleofInvestmentsinRealEstateDebtDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DebtInvestmentsScheduleofInvestmentsinRealEstateDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019d4f74-6f13-7913-a8fb-5ecb92ae7dd0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_019d4f74-6f13-7be4-bf9d-564f5ddfe85d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019d4f74-6f13-7913-a8fb-5ecb92ae7dd0" xlink:to="loc_us-gaap_DebtInstrumentTable_019d4f74-6f13-7be4-bf9d-564f5ddfe85d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CreditRatingFitchAxis_019e006f-26e1-7cf3-acd8-574b21c7a50f" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_CreditRatingFitchAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019d4f74-6f13-7be4-bf9d-564f5ddfe85d" xlink:to="loc_srt_CreditRatingFitchAxis_019e006f-26e1-7cf3-acd8-574b21c7a50f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ExternalCreditRatingFitchMember_019e006f-26e1-74e1-b73c-b38d5ac6bc68" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ExternalCreditRatingFitchMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_CreditRatingFitchAxis_019e006f-26e1-7cf3-acd8-574b21c7a50f" xlink:to="loc_srt_ExternalCreditRatingFitchMember_019e006f-26e1-74e1-b73c-b38d5ac6bc68" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_FitchAAARatingMember_019e006f-6d6c-7887-8a54-6c52fa2feb86" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_FitchAAARatingMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ExternalCreditRatingFitchMember_019e006f-26e1-74e1-b73c-b38d5ac6bc68" xlink:to="loc_srt_FitchAAARatingMember_019e006f-6d6c-7887-8a54-6c52fa2feb86" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_FitchAMinusRatingMember_019e006f-e888-71ad-a564-5d75f89e9e23" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_FitchAMinusRatingMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ExternalCreditRatingFitchMember_019e006f-26e1-74e1-b73c-b38d5ac6bc68" xlink:to="loc_srt_FitchAMinusRatingMember_019e006f-e888-71ad-a564-5d75f89e9e23" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_FitchBBBRatingMember_019e0071-37d5-7cc5-bae6-d92049b41fa5" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_FitchBBBRatingMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ExternalCreditRatingFitchMember_019e006f-26e1-74e1-b73c-b38d5ac6bc68" xlink:to="loc_srt_FitchBBBRatingMember_019e0071-37d5-7cc5-bae6-d92049b41fa5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_FitchBBBMinusRatingMember_019e0071-a193-74ae-8620-a628c54e120a" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_FitchBBBMinusRatingMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ExternalCreditRatingFitchMember_019e006f-26e1-74e1-b73c-b38d5ac6bc68" xlink:to="loc_srt_FitchBBBMinusRatingMember_019e0071-a193-74ae-8620-a628c54e120a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_FitchBBPlusRatingMember_019e0070-5b3d-7c66-8cc7-cbb8eea75df8" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_FitchBBPlusRatingMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ExternalCreditRatingFitchMember_019e006f-26e1-74e1-b73c-b38d5ac6bc68" xlink:to="loc_srt_FitchBBPlusRatingMember_019e0070-5b3d-7c66-8cc7-cbb8eea75df8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_FitchBBRatingMember_019e0070-9b64-71f8-b79b-cd6ee1fe94c3" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_FitchBBRatingMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ExternalCreditRatingFitchMember_019e006f-26e1-74e1-b73c-b38d5ac6bc68" xlink:to="loc_srt_FitchBBRatingMember_019e0070-9b64-71f8-b79b-cd6ee1fe94c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_FitchBBMinusRatingMember_019e0070-cd57-7862-9842-5ba0246a12ac" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_FitchBBMinusRatingMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ExternalCreditRatingFitchMember_019e006f-26e1-74e1-b73c-b38d5ac6bc68" xlink:to="loc_srt_FitchBBMinusRatingMember_019e0070-cd57-7862-9842-5ba0246a12ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_FitchBPlusRatingMember_019e0070-eba2-7535-ba0d-dbf8b47dc3e4" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_FitchBPlusRatingMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ExternalCreditRatingFitchMember_019e006f-26e1-74e1-b73c-b38d5ac6bc68" xlink:to="loc_srt_FitchBPlusRatingMember_019e0070-eba2-7535-ba0d-dbf8b47dc3e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_019d4f74-6f13-702e-8508-ef2b0cdb6bda" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019d4f74-6f13-7be4-bf9d-564f5ddfe85d" xlink:to="loc_us-gaap_DebtInstrumentLineItems_019d4f74-6f13-702e-8508-ef2b0cdb6bda" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_019d4f74-6f13-74f8-a80a-bcf0a32f6000" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d4f74-6f13-702e-8508-ef2b0cdb6bda" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_019d4f74-6f13-74f8-a80a-bcf0a32f6000" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019d4f74-6f13-7daf-a0a5-c283bd43cb67" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d4f74-6f13-702e-8508-ef2b0cdb6bda" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019d4f74-6f13-7daf-a0a5-c283bd43cb67" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleSecuritiesPercentOfTotal_019d4f74-6f13-72f6-8e6e-d319cd5aa2c4" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleSecuritiesPercentOfTotal"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d4f74-6f13-702e-8508-ef2b0cdb6bda" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleSecuritiesPercentOfTotal_019d4f74-6f13-72f6-8e6e-d319cd5aa2c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DebtInvestmentsScheduleofRealEstateRelatedSecuritiesDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#DebtInvestmentsScheduleofRealEstateRelatedSecuritiesDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DebtInvestmentsScheduleofRealEstateRelatedSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019d4f74-6f13-7a48-a6ac-039a52d650b7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTable_019d4f74-6f13-7b43-9ca0-9a3d14d8b9ef" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019d4f74-6f13-7a48-a6ac-039a52d650b7" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTable_019d4f74-6f13-7b43-9ca0-9a3d14d8b9ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_019d4f74-6f13-7baf-a470-5f5c479e4006" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTable_019d4f74-6f13-7b43-9ca0-9a3d14d8b9ef" xlink:to="loc_us-gaap_FinancialInstrumentAxis_019d4f74-6f13-7baf-a470-5f5c479e4006" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019d4f74-6f13-71ff-8e08-65a4fa12891d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_019d4f74-6f13-7baf-a470-5f5c479e4006" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019d4f74-6f13-71ff-8e08-65a4fa12891d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommercialMortgageBackedSecuritiesMember_019d4f74-6f13-764f-8409-4f41f6a1b739" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019d4f74-6f13-71ff-8e08-65a4fa12891d" xlink:to="loc_us-gaap_CommercialMortgageBackedSecuritiesMember_019d4f74-6f13-764f-8409-4f41f6a1b739" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableforsaleAllowanceForCreditLossLineItems_019d4f74-6f13-7aa5-9a4b-4d48991fdfb6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtSecuritiesAvailableforsaleAllowanceForCreditLossLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableForSaleAllowanceForCreditLossTable_019d4f74-6f13-7b43-9ca0-9a3d14d8b9ef" xlink:to="loc_us-gaap_DebtSecuritiesAvailableforsaleAllowanceForCreditLossLineItems_019d4f74-6f13-7aa5-9a4b-4d48991fdfb6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleAmortizedCostRollForward_019d4f74-6f13-768e-b6d7-cadbfce1fff5" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleAmortizedCostRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableforsaleAllowanceForCreditLossLineItems_019d4f74-6f13-7aa5-9a4b-4d48991fdfb6" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleAmortizedCostRollForward_019d4f74-6f13-768e-b6d7-cadbfce1fff5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_019d4f74-6f13-70b9-ac12-922b3d49a49d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAmortizedCostRollForward_019d4f74-6f13-768e-b6d7-cadbfce1fff5" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_019d4f74-6f13-70b9-ac12-922b3d49a49d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleOtherAdditionAtAmortizedCost_019d4f74-6f13-76ab-98dd-339dff2c5f18" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleOtherAdditionAtAmortizedCost"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAmortizedCostRollForward_019d4f74-6f13-768e-b6d7-cadbfce1fff5" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleOtherAdditionAtAmortizedCost_019d4f74-6f13-76ab-98dd-339dff2c5f18" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleCostOfMortgageSoldAtAmortizedCost_019d4f74-6f13-7e8b-afed-f83f9d974d24" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleCostOfMortgageSoldAtAmortizedCost"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAmortizedCostRollForward_019d4f74-6f13-768e-b6d7-cadbfce1fff5" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleCostOfMortgageSoldAtAmortizedCost_019d4f74-6f13-7e8b-afed-f83f9d974d24" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleGainLossOnMortgageSoldAtAmortizedCost_019d4f74-6f13-7f15-aad1-22c94754a8e8" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleGainLossOnMortgageSoldAtAmortizedCost"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAmortizedCostRollForward_019d4f74-6f13-768e-b6d7-cadbfce1fff5" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleGainLossOnMortgageSoldAtAmortizedCost_019d4f74-6f13-7f15-aad1-22c94754a8e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleSaleOfAccruedInterestAtAmortizedCost_019d4f74-6f13-7448-9db8-ed49d2fa67be" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleSaleOfAccruedInterestAtAmortizedCost"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAmortizedCostRollForward_019d4f74-6f13-768e-b6d7-cadbfce1fff5" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleSaleOfAccruedInterestAtAmortizedCost_019d4f74-6f13-7448-9db8-ed49d2fa67be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleUnrealizedGainLossOfMortgageSoldAtAmortizedCost_019d4f74-6f13-792c-910b-9e81a07f2b6a" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleUnrealizedGainLossOfMortgageSoldAtAmortizedCost"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAmortizedCostRollForward_019d4f74-6f13-768e-b6d7-cadbfce1fff5" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleUnrealizedGainLossOfMortgageSoldAtAmortizedCost_019d4f74-6f13-792c-910b-9e81a07f2b6a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_019d4f74-6f13-701f-8974-ddde87aa500c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAmortizedCostRollForward_019d4f74-6f13-768e-b6d7-cadbfce1fff5" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_019d4f74-6f13-701f-8974-ddde87aa500c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTaxRollForward_019d4f74-6f13-7ae1-a442-2e7a2574f20e" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTaxRollForward"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableforsaleAllowanceForCreditLossLineItems_019d4f74-6f13-7aa5-9a4b-4d48991fdfb6" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTaxRollForward_019d4f74-6f13-7ae1-a442-2e7a2574f20e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax_019d4f74-6f13-73c7-8c11-7c26e05adc33" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTaxRollForward_019d4f74-6f13-7ae1-a442-2e7a2574f20e" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax_019d4f74-6f13-73c7-8c11-7c26e05adc33" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossOtherAddition_019d4f74-6f13-7cbd-94c4-eeee4c2dafcb" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossOtherAddition"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTaxRollForward_019d4f74-6f13-7ae1-a442-2e7a2574f20e" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossOtherAddition_019d4f74-6f13-7cbd-94c4-eeee4c2dafcb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossCostOfMortgageSold_019d4f74-6f13-71e5-a35e-e05d2fe895dc" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossCostOfMortgageSold"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTaxRollForward_019d4f74-6f13-7ae1-a442-2e7a2574f20e" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossCostOfMortgageSold_019d4f74-6f13-71e5-a35e-e05d2fe895dc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossOnMortgageSold_019d4f74-6f13-796b-b599-38863047c7b4" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossOnMortgageSold"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTaxRollForward_019d4f74-6f13-7ae1-a442-2e7a2574f20e" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossOnMortgageSold_019d4f74-6f13-796b-b599-38863047c7b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossInterestIncome_019d4f74-6f13-77d2-96d9-9648f40a6ab7" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossInterestIncome"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTaxRollForward_019d4f74-6f13-7ae1-a442-2e7a2574f20e" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossInterestIncome_019d4f74-6f13-77d2-96d9-9648f40a6ab7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossOfMortgageSold_019d4f74-6f13-7630-976e-fc8d4fb778e6" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossOfMortgageSold"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTaxRollForward_019d4f74-6f13-7ae1-a442-2e7a2574f20e" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossOfMortgageSold_019d4f74-6f13-7630-976e-fc8d4fb778e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax_019d4f74-6f13-7f25-82f0-86945cbf8626" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTaxRollForward_019d4f74-6f13-7ae1-a442-2e7a2574f20e" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax_019d4f74-6f13-7f25-82f0-86945cbf8626" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleRollForward_019d4f74-6f13-786f-80ef-fe1b0065e21d" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleRollForward"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtSecuritiesAvailableforsaleAllowanceForCreditLossLineItems_019d4f74-6f13-7aa5-9a4b-4d48991fdfb6" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleRollForward_019d4f74-6f13-786f-80ef-fe1b0065e21d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019d4f74-6f13-7da9-8299-a9057d417ccb" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleRollForward_019d4f74-6f13-786f-80ef-fe1b0065e21d" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019d4f74-6f13-7da9-8299-a9057d417ccb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleAdditions_019d4f74-6f13-735b-8f5a-cfb993ba28f1" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleAdditions"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleRollForward_019d4f74-6f13-786f-80ef-fe1b0065e21d" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleAdditions_019d4f74-6f13-735b-8f5a-cfb993ba28f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleSecuritiesSold_019d4f74-6f13-73af-bc67-f51be404a318" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleSecuritiesSold"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleRollForward_019d4f74-6f13-786f-80ef-fe1b0065e21d" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleSecuritiesSold_019d4f74-6f13-73af-bc67-f51be404a318" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleGainLossOnMortgageSold_019d4f74-6f13-727a-b791-ad4a5ae20d35" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleGainLossOnMortgageSold"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleRollForward_019d4f74-6f13-786f-80ef-fe1b0065e21d" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleGainLossOnMortgageSold_019d4f74-6f13-727a-b791-ad4a5ae20d35" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleInterestIncome_019d4f74-6f13-72fe-930e-0a52539aa86f" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleInterestIncome"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleRollForward_019d4f74-6f13-786f-80ef-fe1b0065e21d" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleInterestIncome_019d4f74-6f13-72fe-930e-0a52539aa86f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DebtSecuritiesAvailableForSaleUnrealizedGainLossOfMortgageSold_019d4f74-6f13-77e7-b2c8-3ddc785e8e4e" xlink:href="osnl-20260331.xsd#osnl_DebtSecuritiesAvailableForSaleUnrealizedGainLossOfMortgageSold"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleRollForward_019d4f74-6f13-786f-80ef-fe1b0065e21d" xlink:to="loc_osnl_DebtSecuritiesAvailableForSaleUnrealizedGainLossOfMortgageSold_019d4f74-6f13-77e7-b2c8-3ddc785e8e4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019d4f74-6f13-770e-815f-abb9aedcb0d2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_DebtSecuritiesAvailableForSaleRollForward_019d4f74-6f13-786f-80ef-fe1b0065e21d" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019d4f74-6f13-770e-815f-abb9aedcb0d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/IntangiblesScheduleofIdentifiedIntangibleLeaseAssetsDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#IntangiblesScheduleofIdentifiedIntangibleLeaseAssetsDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/IntangiblesScheduleofIdentifiedIntangibleLeaseAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019d4f74-6f13-7179-8900-e1b6860191a0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019d4f74-6f13-79e2-8c82-ede4e2b42b00" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019d4f74-6f13-7179-8900-e1b6860191a0" xlink:to="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019d4f74-6f13-79e2-8c82-ede4e2b42b00" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_019d4f74-6f13-74db-9137-1c419fb23cc0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019d4f74-6f13-79e2-8c82-ede4e2b42b00" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_019d4f74-6f13-74db-9137-1c419fb23cc0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019d4f74-6f13-75a5-a5ae-9791c0fc0b02" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_019d4f74-6f13-74db-9137-1c419fb23cc0" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019d4f74-6f13-75a5-a5ae-9791c0fc0b02" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAcquiredInPlaceMember_019d4f74-6f13-7450-bd6c-7fbc828ff124" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LeasesAcquiredInPlaceMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019d4f74-6f13-75a5-a5ae-9791c0fc0b02" xlink:to="loc_us-gaap_LeasesAcquiredInPlaceMember_019d4f74-6f13-7450-bd6c-7fbc828ff124" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIntangibleAssetsMember_019d4f74-6f13-72c4-a3b8-55493f2ebeae" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherIntangibleAssetsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019d4f74-6f13-75a5-a5ae-9791c0fc0b02" xlink:to="loc_us-gaap_OtherIntangibleAssetsMember_019d4f74-6f13-72c4-a3b8-55493f2ebeae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_OtherIntangibleAssetsLeasesMember_019d90e6-9756-7ce8-b458-d8752ab94ee9" xlink:href="osnl-20260331.xsd#osnl_OtherIntangibleAssetsLeasesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019d4f74-6f13-75a5-a5ae-9791c0fc0b02" xlink:to="loc_osnl_OtherIntangibleAssetsLeasesMember_019d90e6-9756-7ce8-b458-d8752ab94ee9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AcquiredBelowMarketLeasesMember_019d90e8-43a2-7d30-9d8a-e07fa880a9fe" xlink:href="osnl-20260331.xsd#osnl_AcquiredBelowMarketLeasesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019d4f74-6f13-75a5-a5ae-9791c0fc0b02" xlink:to="loc_osnl_AcquiredBelowMarketLeasesMember_019d90e8-43a2-7d30-9d8a-e07fa880a9fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-7894-9a5b-32cacff129c9" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019d4f74-6f13-79e2-8c82-ede4e2b42b00" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-7894-9a5b-32cacff129c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetUsefulLife_019d4f74-6f13-72b2-9f45-2e279180b927" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetUsefulLife"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-7894-9a5b-32cacff129c9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetUsefulLife_019d4f74-6f13-72b2-9f45-2e279180b927" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019d4f74-6f13-771f-ab78-a93692b24f78" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsGross"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-7894-9a5b-32cacff129c9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019d4f74-6f13-771f-ab78-a93692b24f78" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019d4f74-6f13-77c2-84b4-7e74560aca2c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-7894-9a5b-32cacff129c9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019d4f74-6f13-77c2-84b4-7e74560aca2c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d4f74-6f13-7fdc-9234-388f0541c555" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-7894-9a5b-32cacff129c9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d4f74-6f13-7fdc-9234-388f0541c555" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_BelowMarketLeaseUsefulLife_019d90e8-43a2-7086-8892-6b8aa1d0f8df" xlink:href="osnl-20260331.xsd#osnl_BelowMarketLeaseUsefulLife"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-7894-9a5b-32cacff129c9" xlink:to="loc_osnl_BelowMarketLeaseUsefulLife_019d90e8-43a2-7086-8892-6b8aa1d0f8df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseGross_019d90e8-43a2-7f26-8eab-af41ac03a285" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BelowMarketLeaseGross"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-7894-9a5b-32cacff129c9" xlink:to="loc_us-gaap_BelowMarketLeaseGross_019d90e8-43a2-7f26-8eab-af41ac03a285" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAccumulatedAmortization_019d90e8-43a2-74f2-872e-15a72c08ec7d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BelowMarketLeaseAccumulatedAmortization"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-7894-9a5b-32cacff129c9" xlink:to="loc_us-gaap_BelowMarketLeaseAccumulatedAmortization_019d90e8-43a2-74f2-872e-15a72c08ec7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseNet_019d90e8-43a2-7bd5-a44d-65a3e533a932" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BelowMarketLeaseNet"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-7894-9a5b-32cacff129c9" xlink:to="loc_us-gaap_BelowMarketLeaseNet_019d90e8-43a2-7bd5-a44d-65a3e533a932" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/IntangiblesNarrativeDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#IntangiblesNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/IntangiblesNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019d4f74-6f13-7242-a6f8-560a3f8bbe2a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019d4f74-6f13-70e4-9842-56be5213e6e5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019d4f74-6f13-7242-a6f8-560a3f8bbe2a" xlink:to="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019d4f74-6f13-70e4-9842-56be5213e6e5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_019d4f74-6f13-7a42-a169-6211a0b94d2f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019d4f74-6f13-70e4-9842-56be5213e6e5" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_019d4f74-6f13-7a42-a169-6211a0b94d2f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_019d4f74-6f13-7e27-8156-83447f6f1b89" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_019d4f74-6f13-7a42-a169-6211a0b94d2f" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_019d4f74-6f13-7e27-8156-83447f6f1b89" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_OtherDepreciationAndAmortizationMember_019d4f74-6f13-7427-bc6c-496bfc42d784" xlink:href="osnl-20260331.xsd#osnl_OtherDepreciationAndAmortizationMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_019d4f74-6f13-7e27-8156-83447f6f1b89" xlink:to="loc_osnl_OtherDepreciationAndAmortizationMember_019d4f74-6f13-7427-bc6c-496bfc42d784" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_OperatingLeaseLeaseIncomeMember_019d4f74-6f13-7ee3-b2b4-f0998dcdcdee" xlink:href="osnl-20260331.xsd#osnl_OperatingLeaseLeaseIncomeMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_019d4f74-6f13-7e27-8156-83447f6f1b89" xlink:to="loc_osnl_OperatingLeaseLeaseIncomeMember_019d4f74-6f13-7ee3-b2b4-f0998dcdcdee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-731b-b8d3-a66ec913d073" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019d4f74-6f13-70e4-9842-56be5213e6e5" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-731b-b8d3-a66ec913d073" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfIntangibleAssets_019d4f74-6f13-7cd6-b730-60fc0f794c12" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AmortizationOfIntangibleAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-731b-b8d3-a66ec913d073" xlink:to="loc_us-gaap_AmortizationOfIntangibleAssets_019d4f74-6f13-7cd6-b730-60fc0f794c12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfBelowMarketLease_019d90ed-5336-7103-9487-3e5f27cdc14d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AmortizationOfBelowMarketLease"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-731b-b8d3-a66ec913d073" xlink:to="loc_us-gaap_AmortizationOfBelowMarketLease_019d90ed-5336-7103-9487-3e5f27cdc14d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/IntangiblesScheduleofEstimatedFutureAmortizationDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#IntangiblesScheduleofEstimatedFutureAmortizationDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/IntangiblesScheduleofEstimatedFutureAmortizationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019d4f74-6f13-7e96-a7dc-587a938bfc5b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019d4f74-6f13-7236-9cce-62973a9bb904" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019d4f74-6f13-7e96-a7dc-587a938bfc5b" xlink:to="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019d4f74-6f13-7236-9cce-62973a9bb904" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_019d4f74-6f13-7392-b602-4ba00d41dcc4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019d4f74-6f13-7236-9cce-62973a9bb904" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_019d4f74-6f13-7392-b602-4ba00d41dcc4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019d4f74-6f13-7271-a92b-236a7817d55d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_019d4f74-6f13-7392-b602-4ba00d41dcc4" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019d4f74-6f13-7271-a92b-236a7817d55d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAcquiredInPlaceMember_019d4f74-6f13-7059-8b07-5d8a8f7c3b6a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LeasesAcquiredInPlaceMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019d4f74-6f13-7271-a92b-236a7817d55d" xlink:to="loc_us-gaap_LeasesAcquiredInPlaceMember_019d4f74-6f13-7059-8b07-5d8a8f7c3b6a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIntangibleAssetsMember_019d4f74-6f13-70c8-baf3-4ff6aadec101" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherIntangibleAssetsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019d4f74-6f13-7271-a92b-236a7817d55d" xlink:to="loc_us-gaap_OtherIntangibleAssetsMember_019d4f74-6f13-70c8-baf3-4ff6aadec101" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_OtherIntangibleAssetsLeasesMember_019d90ef-1ebf-7497-bc48-c769de16b1ca" xlink:href="osnl-20260331.xsd#osnl_OtherIntangibleAssetsLeasesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019d4f74-6f13-7271-a92b-236a7817d55d" xlink:to="loc_osnl_OtherIntangibleAssetsLeasesMember_019d90ef-1ebf-7497-bc48-c769de16b1ca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AcquiredBelowMarketLeasesMember_019d90ef-1ebf-77c4-84bf-2069f6dc7716" xlink:href="osnl-20260331.xsd#osnl_AcquiredBelowMarketLeasesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019d4f74-6f13-7271-a92b-236a7817d55d" xlink:to="loc_osnl_AcquiredBelowMarketLeasesMember_019d90ef-1ebf-77c4-84bf-2069f6dc7716" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019d4f74-6f13-7236-9cce-62973a9bb904" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019d4f74-6f13-73e1-b3cb-bb5e4b3c1083" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019d4f74-6f13-73e1-b3cb-bb5e4b3c1083" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019d4f74-6f13-7eb9-b334-2455fe43df12" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019d4f74-6f13-7eb9-b334-2455fe43df12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019d4f74-6f13-72f3-9ac2-9d3502d696fc" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019d4f74-6f13-72f3-9ac2-9d3502d696fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019d4f74-6f13-77be-8e93-70b3c27e6cd4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019d4f74-6f13-77be-8e93-70b3c27e6cd4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019d4f74-6f13-7136-8d42-14811dba98a3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019d4f74-6f13-7136-8d42-14811dba98a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_019d4f74-6f13-7478-b8da-7de6fe94bfeb" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_019d4f74-6f13-7478-b8da-7de6fe94bfeb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_019d4f74-6f13-7918-8507-154ee1a98a0c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_019d4f74-6f13-7918-8507-154ee1a98a0c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d4f74-6f13-798f-a093-ce1ae74666d2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019d4f74-6f13-798f-a093-ce1ae74666d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear_019d90f1-5786-7bd4-9b8d-5db9bcef0a6b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear_019d90f1-5786-7bd4-9b8d-5db9bcef0a6b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAmortizationIncomeNextTwelveMonths_019d90ef-1ebf-7620-a2bf-461a657158a4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeNextTwelveMonths"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_BelowMarketLeaseAmortizationIncomeNextTwelveMonths_019d90ef-1ebf-7620-a2bf-461a657158a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo_019d90ef-1ebf-745e-9e40-7d8c5f97f0d2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo_019d90ef-1ebf-745e-9e40-7d8c5f97f0d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearThree_019d90ef-1ebf-76fc-bd16-f7f0593f468b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeYearThree"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearThree_019d90ef-1ebf-76fc-bd16-f7f0593f468b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearFour_019d90ef-1ebf-7bd0-8638-85f03811504b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeYearFour"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearFour_019d90ef-1ebf-7bd0-8638-85f03811504b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearFive_019d90ef-1ebf-7f0c-938e-313cb5d20257" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeYearFive"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearFive_019d90ef-1ebf-7f0c-938e-313cb5d20257" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAmortizationIncomeAfterYearFive_019d90ef-1ebf-7a41-9d18-f98dea150fb7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeAfterYearFive"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_BelowMarketLeaseAmortizationIncomeAfterYearFive_019d90ef-1ebf-7a41-9d18-f98dea150fb7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseNet_019d90ef-1ebf-7156-8e41-518edd8856d9" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BelowMarketLeaseNet"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019d4f74-6f13-77c4-9fc8-b0651ed66fe9" xlink:to="loc_us-gaap_BelowMarketLeaseNet_019d90ef-1ebf-7156-8e41-518edd8856d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DebtScheduleofMortgageNotesCreditFacilitiesandRelatedPartyNotePayableDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#DebtScheduleofMortgageNotesCreditFacilitiesandRelatedPartyNotePayableDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DebtScheduleofMortgageNotesCreditFacilitiesandRelatedPartyNotePayableDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6f13-756c-84ec-621dce3834e3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_019d4f74-6f13-7270-85f6-614ee29f6d60" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6f13-756c-84ec-621dce3834e3" xlink:to="loc_us-gaap_DebtInstrumentTable_019d4f74-6f13-7270-85f6-614ee29f6d60" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_019d9153-c67d-7075-b883-59c694614590" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019d4f74-6f13-7270-85f6-614ee29f6d60" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_019d9153-c67d-7075-b883-59c694614590" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_019d9153-c67d-7d80-8b67-621f68e2947c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_019d9153-c67d-7075-b883-59c694614590" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_019d9153-c67d-7d80-8b67-621f68e2947c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_MortgageLoansMember_019d9153-c67d-772b-88e6-cf776adea125" xlink:href="osnl-20260331.xsd#osnl_MortgageLoansMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019d9153-c67d-7d80-8b67-621f68e2947c" xlink:to="loc_osnl_MortgageLoansMember_019d9153-c67d-772b-88e6-cf776adea125" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_VariableFundingNotesMember_019d9153-c67d-7d57-90f9-e80a885f1321" xlink:href="osnl-20260331.xsd#osnl_VariableFundingNotesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019d9153-c67d-7d80-8b67-621f68e2947c" xlink:to="loc_osnl_VariableFundingNotesMember_019d9153-c67d-7d57-90f9-e80a885f1321" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_019d9155-74ab-779b-83ec-543e1e3a5b80" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_RangeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019d4f74-6f13-7270-85f6-614ee29f6d60" xlink:to="loc_srt_RangeAxis_019d9155-74ab-779b-83ec-543e1e3a5b80" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_019d9155-74ab-76ee-953e-2d4ff84c1720" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_019d9155-74ab-779b-83ec-543e1e3a5b80" xlink:to="loc_srt_RangeMember_019d9155-74ab-76ee-953e-2d4ff84c1720" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_019d9155-74ab-7777-971d-97e21e924c1d" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_019d9155-74ab-76ee-953e-2d4ff84c1720" xlink:to="loc_srt_MinimumMember_019d9155-74ab-7777-971d-97e21e924c1d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_019d9155-74ab-78ce-b805-60378e22bae8" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_019d9155-74ab-76ee-953e-2d4ff84c1720" xlink:to="loc_srt_MaximumMember_019d9155-74ab-78ce-b805-60378e22bae8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateAxis_019db402-33d6-745a-b219-11cf1d6e7de9" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_VariableRateAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019d4f74-6f13-7270-85f6-614ee29f6d60" xlink:to="loc_us-gaap_VariableRateAxis_019db402-33d6-745a-b219-11cf1d6e7de9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateDomain_019db402-33d6-7f85-956b-585134a0428e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_VariableRateDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateAxis_019db402-33d6-745a-b219-11cf1d6e7de9" xlink:to="loc_us-gaap_VariableRateDomain_019db402-33d6-7f85-956b-585134a0428e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredOvernightFinancingRateSofrMember_019db402-33d6-7b4c-abc4-9db87bae87a3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SecuredOvernightFinancingRateSofrMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_019db402-33d6-7f85-956b-585134a0428e" xlink:to="loc_us-gaap_SecuredOvernightFinancingRateSofrMember_019db402-33d6-7b4c-abc4-9db87bae87a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BaseRateMember_019db402-9635-7945-83c6-ca5881e0740c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BaseRateMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_019db402-33d6-7f85-956b-585134a0428e" xlink:to="loc_us-gaap_BaseRateMember_019db402-9635-7945-83c6-ca5881e0740c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_019d9153-c67d-7229-8145-527f9dd93e26" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019d4f74-6f13-7270-85f6-614ee29f6d60" xlink:to="loc_us-gaap_DebtInstrumentLineItems_019d9153-c67d-7229-8145-527f9dd93e26" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_019d9153-c67d-71ee-a0ad-aaed25bf526e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtWeightedAverageInterestRate"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d9153-c67d-7229-8145-527f9dd93e26" xlink:to="loc_us-gaap_DebtWeightedAverageInterestRate_019d9153-c67d-71ee-a0ad-aaed25bf526e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019db3f4-9b71-76f1-9493-52af7ea0f45c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d9153-c67d-7229-8145-527f9dd93e26" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019db3f4-9b71-76f1-9493-52af7ea0f45c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_019db401-7942-76a8-bde7-00d70d773085" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d9153-c67d-7229-8145-527f9dd93e26" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_019db401-7942-76a8-bde7-00d70d773085" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_019db3fc-9bcd-7f20-800b-324389827738" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DeferredFinanceCostsNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d9153-c67d-7229-8145-527f9dd93e26" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_019db3fc-9bcd-7f20-800b-324389827738" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscount_019d9153-c67d-7f0d-9de1-eaa997f919ab" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentUnamortizedDiscount"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d9153-c67d-7229-8145-527f9dd93e26" xlink:to="loc_us-gaap_DebtInstrumentUnamortizedDiscount_019d9153-c67d-7f0d-9de1-eaa997f919ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_019d9153-c67d-7d97-916a-68d2b2c2c526" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d9153-c67d-7229-8145-527f9dd93e26" xlink:to="loc_us-gaap_LongTermDebt_019d9153-c67d-7d97-916a-68d2b2c2c526" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_019db401-d4bf-70f2-8b0f-d3a040a32e5e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d9153-c67d-7229-8145-527f9dd93e26" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_019db401-d4bf-70f2-8b0f-d3a040a32e5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_019db402-33d6-7c08-a349-4a53aee5d8cf" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019d9153-c67d-7229-8145-527f9dd93e26" xlink:to="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_019db402-33d6-7c08-a349-4a53aee5d8cf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DebtAdditionalInformationDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#DebtAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DebtAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_019d916e-9d45-7837-bf2c-8ea6ef753014" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_019db406-98af-73a4-86d3-cf182b74af01" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d916e-9d45-7837-bf2c-8ea6ef753014" xlink:to="loc_us-gaap_DebtInstrumentTable_019db406-98af-73a4-86d3-cf182b74af01" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_019db406-98af-7da8-bafa-065965370f4e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019db406-98af-73a4-86d3-cf182b74af01" xlink:to="loc_us-gaap_DebtInstrumentAxis_019db406-98af-7da8-bafa-065965370f4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_019db406-98af-799e-8cb9-752b9a2ecf9f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_019db406-98af-7da8-bafa-065965370f4e" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_019db406-98af-799e-8cb9-752b9a2ecf9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_Series20261ClassA2NotesMember_019db406-98af-7a5e-8ece-50531b2c0708" xlink:href="osnl-20260331.xsd#osnl_Series20261ClassA2NotesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_019db406-98af-799e-8cb9-752b9a2ecf9f" xlink:to="loc_osnl_Series20261ClassA2NotesMember_019db406-98af-7a5e-8ece-50531b2c0708" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_019db406-98af-7394-b99c-e4d47afb4ad5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019db406-98af-73a4-86d3-cf182b74af01" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_019db406-98af-7394-b99c-e4d47afb4ad5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_019db406-98af-75a7-b82a-ee931c5a3ad8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_019db406-98af-7394-b99c-e4d47afb4ad5" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_019db406-98af-75a7-b82a-ee931c5a3ad8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesPayableOtherPayablesMember_019db406-98af-7d29-8676-53cfa0f3f9eb" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NotesPayableOtherPayablesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019db406-98af-75a7-b82a-ee931c5a3ad8" xlink:to="loc_us-gaap_NotesPayableOtherPayablesMember_019db406-98af-7d29-8676-53cfa0f3f9eb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_019db406-98af-769d-abf4-5097884ab46e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019db406-98af-73a4-86d3-cf182b74af01" xlink:to="loc_us-gaap_DebtInstrumentLineItems_019db406-98af-769d-abf4-5097884ab46e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_019db406-98af-7afc-bea9-34e64e3f32b7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019db406-98af-769d-abf4-5097884ab46e" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_019db406-98af-7afc-bea9-34e64e3f32b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_019db406-98af-72cb-99ae-ccccc3198e02" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019db406-98af-769d-abf4-5097884ab46e" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_019db406-98af-72cb-99ae-ccccc3198e02" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DebtScheduleofFuturePrincipalPaymentsDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#DebtScheduleofFuturePrincipalPaymentsDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DebtScheduleofFuturePrincipalPaymentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6fde-75e8-81f6-27d248872aa2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_019d4f74-6fde-7583-9972-87d4fe186a2d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6fde-75e8-81f6-27d248872aa2" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_019d4f74-6fde-7583-9972-87d4fe186a2d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_019d4f74-6fde-74f5-a7e9-e0c810a03761" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6fde-75e8-81f6-27d248872aa2" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_019d4f74-6fde-74f5-a7e9-e0c810a03761" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_019d4f74-6fde-7af2-b702-40df86551a40" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6fde-75e8-81f6-27d248872aa2" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_019d4f74-6fde-7af2-b702-40df86551a40" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_019d4f74-6fde-7e02-9294-f7495482bf9b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6fde-75e8-81f6-27d248872aa2" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_019d4f74-6fde-7e02-9294-f7495482bf9b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_019d4f74-6fde-7264-bb1d-be53da7829c7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6fde-75e8-81f6-27d248872aa2" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_019d4f74-6fde-7264-bb1d-be53da7829c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_019d4f74-6fde-7627-b759-784281e98db2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6fde-75e8-81f6-27d248872aa2" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_019d4f74-6fde-7627-b759-784281e98db2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_LongTermDebtMaturityAfterYearFive_019d4f74-6fde-7381-99c6-ccb99415aa65" xlink:href="osnl-20260331.xsd#osnl_LongTermDebtMaturityAfterYearFive"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6fde-75e8-81f6-27d248872aa2" xlink:to="loc_osnl_LongTermDebtMaturityAfterYearFive_019d4f74-6fde-7381-99c6-ccb99415aa65" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_019d4f74-6fde-747d-b443-f5bb9e26fd02" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019d4f74-6fde-75e8-81f6-27d248872aa2" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_019d4f74-6fde-747d-b443-f5bb9e26fd02" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DerivativeFinancialInstrumentsScheduleofDerivativeInstrumentsDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#DerivativeFinancialInstrumentsScheduleofDerivativeInstrumentsDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DerivativeFinancialInstrumentsScheduleofDerivativeInstrumentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019d4f74-6fde-7ac8-9c58-c0f8b915a28a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-7e1b-bdb4-cb52465cfc3d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019d4f74-6fde-7ac8-9c58-c0f8b915a28a" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-7e1b-bdb4-cb52465cfc3d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_019d4f74-6fde-7132-909c-a4623f345b03" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-7e1b-bdb4-cb52465cfc3d" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_019d4f74-6fde-7132-909c-a4623f345b03" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_019d4f74-6fde-7302-9aa1-5dae650c879e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_019d4f74-6fde-7132-909c-a4623f345b03" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_019d4f74-6fde-7302-9aa1-5dae650c879e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_019d4f74-6fde-7630-b0f1-c9f7dadeee6b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_019d4f74-6fde-7302-9aa1-5dae650c879e" xlink:to="loc_us-gaap_InterestRateSwapMember_019d4f74-6fde-7630-b0f1-c9f7dadeee6b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationAxis_019d4f74-6fde-77f2-a0cc-071214235f82" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HedgingDesignationAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-7e1b-bdb4-cb52465cfc3d" xlink:to="loc_us-gaap_HedgingDesignationAxis_019d4f74-6fde-77f2-a0cc-071214235f82" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationDomain_019d4f74-6fde-7f03-b4ca-6ee8998f0eb0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HedgingDesignationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_019d4f74-6fde-77f2-a0cc-071214235f82" xlink:to="loc_us-gaap_HedgingDesignationDomain_019d4f74-6fde-7f03-b4ca-6ee8998f0eb0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DesignatedAsHedgingInstrumentMember_019d4f74-6fde-7133-8758-12e647067240" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DesignatedAsHedgingInstrumentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_019d4f74-6fde-7f03-b4ca-6ee8998f0eb0" xlink:to="loc_us-gaap_DesignatedAsHedgingInstrumentMember_019d4f74-6fde-7133-8758-12e647067240" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_019d4f74-6fde-7f20-a838-d8e97d602b0b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-7e1b-bdb4-cb52465cfc3d" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_019d4f74-6fde-7f20-a838-d8e97d602b0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeNotionalAmount_019d4f74-6fde-74d3-bb4e-79382a0bbcd9" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeNotionalAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_019d4f74-6fde-7f20-a838-d8e97d602b0b" xlink:to="loc_us-gaap_DerivativeNotionalAmount_019d4f74-6fde-74d3-bb4e-79382a0bbcd9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DerivativeFinancialInstrumentsScheduleofDerivativeInstrumentsinStatementofFinancialPositionFairValueDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#DerivativeFinancialInstrumentsScheduleofDerivativeInstrumentsinStatementofFinancialPositionFairValueDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DerivativeFinancialInstrumentsScheduleofDerivativeInstrumentsinStatementofFinancialPositionFairValueDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019d4f74-6fde-7dc1-8886-7a65eed6d5db" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-71df-84d8-ca17562fae1c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019d4f74-6fde-7dc1-8886-7a65eed6d5db" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-71df-84d8-ca17562fae1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_019d4f74-6fde-75ea-87ca-152e2f1a1294" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-71df-84d8-ca17562fae1c" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_019d4f74-6fde-75ea-87ca-152e2f1a1294" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_019d4f74-6fde-7188-8e92-5260711f28a0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_019d4f74-6fde-75ea-87ca-152e2f1a1294" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_019d4f74-6fde-7188-8e92-5260711f28a0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_019d4f74-6fde-799e-b40d-bb2274164e98" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_019d4f74-6fde-7188-8e92-5260711f28a0" xlink:to="loc_us-gaap_InterestRateSwapMember_019d4f74-6fde-799e-b40d-bb2274164e98" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationAxis_019d4f74-6fde-7fef-bb1e-bb8911f91928" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HedgingDesignationAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-71df-84d8-ca17562fae1c" xlink:to="loc_us-gaap_HedgingDesignationAxis_019d4f74-6fde-7fef-bb1e-bb8911f91928" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationDomain_019d4f74-6fde-7a69-b405-3d9c91c4e12e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_HedgingDesignationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_019d4f74-6fde-7fef-bb1e-bb8911f91928" xlink:to="loc_us-gaap_HedgingDesignationDomain_019d4f74-6fde-7a69-b405-3d9c91c4e12e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DesignatedAsHedgingInstrumentMember_019d4f74-6fde-7ca7-bdfa-e7e5b804a00c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DesignatedAsHedgingInstrumentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_019d4f74-6fde-7a69-b405-3d9c91c4e12e" xlink:to="loc_us-gaap_DesignatedAsHedgingInstrumentMember_019d4f74-6fde-7ca7-bdfa-e7e5b804a00c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_019d4f74-6fde-7bfc-b704-0841f2402e7b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-71df-84d8-ca17562fae1c" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_019d4f74-6fde-7bfc-b704-0841f2402e7b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_019d4f74-6fde-75f8-9770-79c57c4fb292" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_019d4f74-6fde-7bfc-b704-0841f2402e7b" xlink:to="loc_us-gaap_DerivativeAssets_019d4f74-6fde-75f8-9770-79c57c4fb292" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration_019d4f74-6fde-7faa-b1a7-8e9545efc2a8" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeAssets_019d4f74-6fde-75f8-9770-79c57c4fb292" xlink:to="loc_us-gaap_DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration_019d4f74-6fde-7faa-b1a7-8e9545efc2a8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/DerivativeFinancialInstrumentsScheduleofDerivativeInstrumentsontheConsolidatedStatementofOperationsDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#DerivativeFinancialInstrumentsScheduleofDerivativeInstrumentsontheConsolidatedStatementofOperationsDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/DerivativeFinancialInstrumentsScheduleofDerivativeInstrumentsontheConsolidatedStatementofOperationsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019d4f74-6fde-71c5-9022-1d52045c8c34" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-7cd7-8a76-011bc69bc89b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019d4f74-6fde-71c5-9022-1d52045c8c34" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-7cd7-8a76-011bc69bc89b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_019d4f74-6fde-7e09-86f6-c6e8b73c8063" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-7cd7-8a76-011bc69bc89b" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_019d4f74-6fde-7e09-86f6-c6e8b73c8063" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_019d4f74-6fde-798d-b6f3-5c44c4625a4d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_019d4f74-6fde-7e09-86f6-c6e8b73c8063" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_019d4f74-6fde-798d-b6f3-5c44c4625a4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseMember_019d4f74-6fde-75a9-a272-0dfae33368a5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestExpenseMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_019d4f74-6fde-798d-b6f3-5c44c4625a4d" xlink:to="loc_us-gaap_InterestExpenseMember_019d4f74-6fde-75a9-a272-0dfae33368a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_019d4f74-6fde-7da3-8fa4-36f9510b550b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-7cd7-8a76-011bc69bc89b" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_019d4f74-6fde-7da3-8fa4-36f9510b550b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_019d4f74-6fde-7166-a715-d052a0e7def1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_019d4f74-6fde-7da3-8fa4-36f9510b550b" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_019d4f74-6fde-7166-a715-d052a0e7def1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_InterestRateSwapsInvestmentsMember_019d4f74-6fde-78ed-a08a-2312eb9a6ba9" xlink:href="osnl-20260331.xsd#osnl_InterestRateSwapsInvestmentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_019d4f74-6fde-7166-a715-d052a0e7def1" xlink:to="loc_osnl_InterestRateSwapsInvestmentsMember_019d4f74-6fde-78ed-a08a-2312eb9a6ba9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_019d4f74-6fde-7388-b767-709a5abd9df3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_019d4f74-6fde-7cd7-8a76-011bc69bc89b" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_019d4f74-6fde-7388-b767-709a5abd9df3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_019d4f74-6fde-772b-8c1f-cf4e588ef773" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_019d4f74-6fde-7388-b767-709a5abd9df3" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_019d4f74-6fde-772b-8c1f-cf4e588ef773" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_019d4f74-6fde-7976-b8ef-00d1c5b08625" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_019d4f74-6fde-7388-b767-709a5abd9df3" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_019d4f74-6fde-7976-b8ef-00d1c5b08625" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/RelatedPartyTransactionsScheduleofDuetoAffiliatesTransactionsDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#RelatedPartyTransactionsScheduleofDuetoAffiliatesTransactionsDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/RelatedPartyTransactionsScheduleofDuetoAffiliatesTransactionsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_019d4f74-6f12-7fd9-b79e-69546583e928" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-723d-a456-e24dd9f18a66" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019d4f74-6f12-7fd9-b79e-69546583e928" xlink:to="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-723d-a456-e24dd9f18a66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_019d4f74-6f12-7adf-bccf-b1fef9007696" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-723d-a456-e24dd9f18a66" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_019d4f74-6f12-7adf-bccf-b1fef9007696" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_019d4f74-6f12-7c06-9651-2177794cff95" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_019d4f74-6f12-7adf-bccf-b1fef9007696" xlink:to="loc_us-gaap_RelatedPartyDomain_019d4f74-6f12-7c06-9651-2177794cff95" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_AffiliatedEntityMember_019d4f74-6f12-7250-b858-9db4fea4b3ab" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_AffiliatedEntityMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_019d4f74-6f12-7c06-9651-2177794cff95" xlink:to="loc_srt_AffiliatedEntityMember_019d4f74-6f12-7250-b858-9db4fea4b3ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionLineItems_019d4f74-6f12-708d-a992-743634dac6cf" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyTransactionLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-723d-a456-e24dd9f18a66" xlink:to="loc_us-gaap_RelatedPartyTransactionLineItems_019d4f74-6f12-708d-a992-743634dac6cf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_019d4f74-6f12-7dd9-a7f2-c3f74c7810d5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d4f74-6f12-708d-a992-743634dac6cf" xlink:to="loc_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_019d4f74-6f12-7dd9-a7f2-c3f74c7810d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ManagementFeePayable_019d4f74-6f12-711b-8103-34be16365957" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ManagementFeePayable"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d4f74-6f12-708d-a992-743634dac6cf" xlink:to="loc_us-gaap_ManagementFeePayable_019d4f74-6f12-711b-8103-34be16365957" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncentiveFeePayable_019d4f74-6f12-71d4-b2c2-7c4e374253fc" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncentiveFeePayable"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d4f74-6f12-708d-a992-743634dac6cf" xlink:to="loc_us-gaap_IncentiveFeePayable_019d4f74-6f12-71d4-b2c2-7c4e374253fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AdvancedOrganizationAndOfferingCosts_019d4f74-6f12-7c9a-a742-67be9f5bbd28" xlink:href="osnl-20260331.xsd#osnl_AdvancedOrganizationAndOfferingCosts"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d4f74-6f12-708d-a992-743634dac6cf" xlink:to="loc_osnl_AdvancedOrganizationAndOfferingCosts_019d4f74-6f12-7c9a-a742-67be9f5bbd28" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AccruedTransactionProrations_019d911a-464f-7a0e-aa60-c230f47b0747" xlink:href="osnl-20260331.xsd#osnl_AccruedTransactionProrations"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d4f74-6f12-708d-a992-743634dac6cf" xlink:to="loc_osnl_AccruedTransactionProrations_019d911a-464f-7a0e-aa60-c230f47b0747" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_OtherAdvancedExpenses_019d4f74-6f12-73f6-bb17-4b0a36b81a85" xlink:href="osnl-20260331.xsd#osnl_OtherAdvancedExpenses"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d4f74-6f12-708d-a992-743634dac6cf" xlink:to="loc_osnl_OtherAdvancedExpenses_019d4f74-6f12-73f6-bb17-4b0a36b81a85" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_019d4f74-6f12-71a6-96c3-7016a8d5190b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountsPayableOtherCurrentAndNoncurrent"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d4f74-6f12-708d-a992-743634dac6cf" xlink:to="loc_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_019d4f74-6f12-71a6-96c3-7016a8d5190b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/RelatedPartyTransactionsAdditionalInformationDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#RelatedPartyTransactionsAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/RelatedPartyTransactionsAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_019d4f74-6f12-74eb-bf31-8b775cfe6ada" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-7222-b091-6506d5f040fd" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019d4f74-6f12-74eb-bf31-8b775cfe6ada" xlink:to="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-7222-b091-6506d5f040fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionAxis_019d9136-ce3a-7ca9-8f5b-4dc7916d38e7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyTransactionAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-7222-b091-6506d5f040fd" xlink:to="loc_us-gaap_RelatedPartyTransactionAxis_019d9136-ce3a-7ca9-8f5b-4dc7916d38e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionDomain_019d9136-ce3a-71d1-9c41-042c6e6f2cea" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyTransactionDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionAxis_019d9136-ce3a-7ca9-8f5b-4dc7916d38e7" xlink:to="loc_us-gaap_RelatedPartyTransactionDomain_019d9136-ce3a-71d1-9c41-042c6e6f2cea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_OngoingServicingFeesMember_019d9136-ce3a-7a72-914b-7c58bd8adfc5" xlink:href="osnl-20260331.xsd#osnl_OngoingServicingFeesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_019d9136-ce3a-71d1-9c41-042c6e6f2cea" xlink:to="loc_osnl_OngoingServicingFeesMember_019d9136-ce3a-7a72-914b-7c58bd8adfc5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_ManagementFeeMember_019d9136-ce3a-776e-a11f-38caade08224" xlink:href="osnl-20260331.xsd#osnl_ManagementFeeMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_019d9136-ce3a-71d1-9c41-042c6e6f2cea" xlink:to="loc_osnl_ManagementFeeMember_019d9136-ce3a-776e-a11f-38caade08224" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_BlueOwlCapitalMarketsMember_019df1eb-370c-7490-903b-1f6b4977f6e8" xlink:href="osnl-20260331.xsd#osnl_BlueOwlCapitalMarketsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_019d9136-ce3a-71d1-9c41-042c6e6f2cea" xlink:to="loc_osnl_BlueOwlCapitalMarketsMember_019df1eb-370c-7490-903b-1f6b4977f6e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_019d9136-ce3a-7b05-86cb-7442034c6cf6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-7222-b091-6506d5f040fd" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_019d9136-ce3a-7b05-86cb-7442034c6cf6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_019d9136-ce3a-738a-ba14-f5cab4481f71" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_019d9136-ce3a-7b05-86cb-7442034c6cf6" xlink:to="loc_us-gaap_RelatedPartyDomain_019d9136-ce3a-738a-ba14-f5cab4481f71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_AffiliatedEntityMember_019d9136-ce3a-7dab-b9f8-60c233af5437" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_AffiliatedEntityMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_019d9136-ce3a-738a-ba14-f5cab4481f71" xlink:to="loc_srt_AffiliatedEntityMember_019d9136-ce3a-7dab-b9f8-60c233af5437" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_STACKInfrastructureInc.Member_019d9136-ff18-738c-a9c1-190019d69327" xlink:href="osnl-20260331.xsd#osnl_STACKInfrastructureInc.Member"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_019d9136-ce3a-738a-ba14-f5cab4481f71" xlink:to="loc_osnl_STACKInfrastructureInc.Member_019d9136-ff18-738c-a9c1-190019d69327" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019d9136-ce3a-7116-87c9-65abfd4253f1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-7222-b091-6506d5f040fd" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019d9136-ce3a-7116-87c9-65abfd4253f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019d9136-ce3a-77a9-8e64-a9db2757652c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019d9136-ce3a-7116-87c9-65abfd4253f1" xlink:to="loc_us-gaap_ClassOfStockDomain_019d9136-ce3a-77a9-8e64-a9db2757652c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassSMember_019d9136-ce3a-715a-8e52-866fc11d5e77" xlink:href="osnl-20260331.xsd#osnl_CommonClassSMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9136-ce3a-77a9-8e64-a9db2757652c" xlink:to="loc_osnl_CommonClassSMember_019d9136-ce3a-715a-8e52-866fc11d5e77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassDMember_019d9136-ce3a-733a-bae9-085e48b79f17" xlink:href="osnl-20260331.xsd#osnl_CommonClassDMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9136-ce3a-77a9-8e64-a9db2757652c" xlink:to="loc_osnl_CommonClassDMember_019d9136-ce3a-733a-bae9-085e48b79f17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableClassECommonSharesMember_019d9136-ff18-7ccc-bb7f-8520e1d303bf" xlink:href="osnl-20260331.xsd#osnl_RedeemableClassECommonSharesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9136-ce3a-77a9-8e64-a9db2757652c" xlink:to="loc_osnl_RedeemableClassECommonSharesMember_019d9136-ff18-7ccc-bb7f-8520e1d303bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_ClassEOPUnitsMember_019d9136-ff18-7eb5-a978-a90261dbeac5" xlink:href="osnl-20260331.xsd#osnl_ClassEOPUnitsMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9136-ce3a-77a9-8e64-a9db2757652c" xlink:to="loc_osnl_ClassEOPUnitsMember_019d9136-ff18-7eb5-a978-a90261dbeac5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PartnerTypeOfPartnersCapitalAccountAxis_019d9136-ce3a-7d31-a2b2-ab05437be56f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PartnerTypeOfPartnersCapitalAccountAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-7222-b091-6506d5f040fd" xlink:to="loc_us-gaap_PartnerTypeOfPartnersCapitalAccountAxis_019d9136-ce3a-7d31-a2b2-ab05437be56f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain_019d9136-ce3a-7a8d-9d54-f9183af2c984" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PartnerTypeOfPartnersCapitalAccountAxis_019d9136-ce3a-7d31-a2b2-ab05437be56f" xlink:to="loc_us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain_019d9136-ce3a-7a8d-9d54-f9183af2c984" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_SpecialLimitedPartnerMember_019d9136-ce3a-7b4b-acab-9f5f23ecfc9b" xlink:href="osnl-20260331.xsd#osnl_SpecialLimitedPartnerMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain_019d9136-ce3a-7a8d-9d54-f9183af2c984" xlink:to="loc_osnl_SpecialLimitedPartnerMember_019d9136-ce3a-7b4b-acab-9f5f23ecfc9b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_OtherUnitHoldersMember_019d9136-ce3a-7ac6-b8ce-4207ca43ceee" xlink:href="osnl-20260331.xsd#osnl_OtherUnitHoldersMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PartnerTypeOfPartnersCapitalAccountNameDomain_019d9136-ce3a-7a8d-9d54-f9183af2c984" xlink:to="loc_osnl_OtherUnitHoldersMember_019d9136-ce3a-7ac6-b8ce-4207ca43ceee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_019d9136-ff18-72f6-8ee1-8395639ea7a9" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-7222-b091-6506d5f040fd" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_019d9136-ff18-72f6-8ee1-8395639ea7a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_019d9136-ff18-7a49-a888-24eca617fd01" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_019d9136-ff18-72f6-8ee1-8395639ea7a9" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_019d9136-ff18-7a49-a888-24eca617fd01" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DigitalInfrastructureRealEstateAssetsMember_019d9136-ff18-78d6-8b86-311c71a7b0ac" xlink:href="osnl-20260331.xsd#osnl_DigitalInfrastructureRealEstateAssetsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_019d9136-ff18-7a49-a888-24eca617fd01" xlink:to="loc_osnl_DigitalInfrastructureRealEstateAssetsMember_019d9136-ff18-78d6-8b86-311c71a7b0ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_019db409-7ce0-7d8d-a4b6-c8c1be1884e4" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_StatementScenarioAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-7222-b091-6506d5f040fd" xlink:to="loc_srt_StatementScenarioAxis_019db409-7ce0-7d8d-a4b6-c8c1be1884e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_019db409-7ce0-7bbd-8c8a-95a96819ec87" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_019db409-7ce0-7d8d-a4b6-c8c1be1884e4" xlink:to="loc_srt_ScenarioUnspecifiedDomain_019db409-7ce0-7bbd-8c8a-95a96819ec87" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember_019db409-9d10-7380-9b43-af5c1c285c1d" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ScenarioForecastMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScenarioUnspecifiedDomain_019db409-7ce0-7bbd-8c8a-95a96819ec87" xlink:to="loc_srt_ScenarioForecastMember_019db409-9d10-7380-9b43-af5c1c285c1d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RelatedPartyTransactionLineItems"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019d4f74-6f12-7222-b091-6506d5f040fd" xlink:to="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ManagementAndServiceFeesRate_019d9136-ce3a-7b72-8948-93209262bd1a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ManagementAndServiceFeesRate"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_us-gaap_ManagementAndServiceFeesRate_019d9136-ce3a-7b72-8948-93209262bd1a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ManagementFeeExpense_019d9136-ce3a-76e8-82a6-36accf0a1bc2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ManagementFeeExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_us-gaap_ManagementFeeExpense_019d9136-ce3a-76e8-82a6-36accf0a1bc2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesIssuedForServices_019db408-6313-73ef-8ae9-342b9316a4e3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockIssuedDuringPeriodSharesIssuedForServices"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesIssuedForServices_019db408-6313-73ef-8ae9-342b9316a4e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ManagementFeePayable_019dd474-aa69-7edd-84f5-9cf3b2fff413" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ManagementFeePayable"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_us-gaap_ManagementFeePayable_019dd474-aa69-7edd-84f5-9cf3b2fff413" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_PerformanceParticipationInterestRate_019d9136-ce3a-71b8-ae86-39c5ee5fcc21" xlink:href="osnl-20260331.xsd#osnl_PerformanceParticipationInterestRate"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_osnl_PerformanceParticipationInterestRate_019d9136-ce3a-71b8-ae86-39c5ee5fcc21" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncentiveFeeExpense_019d9136-ce3a-76a4-b33c-4a72b128b718" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncentiveFeeExpense"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_us-gaap_IncentiveFeeExpense_019d9136-ce3a-76a4-b33c-4a72b128b718" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_019db420-f946-7921-b38b-0c65b9f9e2b7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_us-gaap_CommonStockSharesIssued_019db420-f946-7921-b38b-0c65b9f9e2b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_DeferredOfferingCostsReimbursementWindow_019d9136-ff18-7a23-b6ca-ac5461599ed3" xlink:href="osnl-20260331.xsd#osnl_DeferredOfferingCostsReimbursementWindow"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_osnl_DeferredOfferingCostsReimbursementWindow_019d9136-ff18-7a23-b6ca-ac5461599ed3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_019d9136-ff18-72f6-9d21-5bb8c84b5dcb" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountsPayableOtherCurrentAndNoncurrent"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_019d9136-ff18-72f6-9d21-5bb8c84b5dcb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_PropertyManagementFees_019d9136-ff18-714d-8f02-b839922ee1b7" xlink:href="osnl-20260331.xsd#osnl_PropertyManagementFees"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_osnl_PropertyManagementFees_019d9136-ff18-714d-8f02-b839922ee1b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_019d9136-ff18-7b4a-b6c3-115e30cd7173" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_019d9136-ff18-7b4a-b6c3-115e30cd7173" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValueOutstanding_019d9136-ff18-7d73-9a9d-ade16ce89c53" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockValueOutstanding"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_us-gaap_CommonStockValueOutstanding_019d9136-ff18-7d73-9a9d-ade16ce89c53" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpensesRelatedParty_019df1ea-0fe8-7c8a-bd4a-1e06b18248b9" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CostsAndExpensesRelatedParty"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019d9136-ce3a-7083-81e8-ec7739fba94a" xlink:to="loc_us-gaap_CostsAndExpensesRelatedParty_019df1ea-0fe8-7c8a-bd4a-1e06b18248b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/LeasesScheduleofOperatingLeaseLeaseIncomeDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#LeasesScheduleofOperatingLeaseLeaseIncomeDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/LeasesScheduleofOperatingLeaseLeaseIncomeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_019d4f74-6fde-72fd-b47e-bd9ef6f1d588" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncomeLeasePayments_019d4f74-6fde-7ce4-8467-8e2c4ae711f3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseLeaseIncomeLeasePayments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-72fd-b47e-bd9ef6f1d588" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncomeLeasePayments_019d4f74-6fde-7ce4-8467-8e2c4ae711f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StraightLineRent_019d4f74-6fde-738c-936f-d1fe5f9c18e4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StraightLineRent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-72fd-b47e-bd9ef6f1d588" xlink:to="loc_us-gaap_StraightLineRent_019d4f74-6fde-738c-936f-d1fe5f9c18e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseVariableLeaseIncome_019d4f74-6fde-72b6-9096-b9543a3bed23" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseVariableLeaseIncome"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-72fd-b47e-bd9ef6f1d588" xlink:to="loc_us-gaap_OperatingLeaseVariableLeaseIncome_019d4f74-6fde-72b6-9096-b9543a3bed23" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfAboveAndBelowMarketLeases_019d4f74-6fde-70dc-9c65-a7b732116429" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AmortizationOfAboveAndBelowMarketLeases"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-72fd-b47e-bd9ef6f1d588" xlink:to="loc_us-gaap_AmortizationOfAboveAndBelowMarketLeases_019d4f74-6fde-70dc-9c65-a7b732116429" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncome_019d4f74-6fde-7cd0-956d-85b0d2bc3c95" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingLeaseLeaseIncome"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-72fd-b47e-bd9ef6f1d588" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncome_019d4f74-6fde-7cd0-956d-85b0d2bc3c95" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/LeasesScheduleofLessorOperatingLeasePaymentToBeReceivedMaturityDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#LeasesScheduleofLessorOperatingLeasePaymentToBeReceivedMaturityDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/LeasesScheduleofLessorOperatingLeasePaymentToBeReceivedMaturityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_019d4f74-6fde-7b4a-83fa-84d74a5bfa62" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear_019d4f74-6fde-74b3-ba7f-b9997de6d502" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-7b4a-83fa-84d74a5bfa62" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear_019d4f74-6fde-74b3-ba7f-b9997de6d502" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_019d4f74-6fde-72a4-a21c-a563170c80aa" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-7b4a-83fa-84d74a5bfa62" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_019d4f74-6fde-72a4-a21c-a563170c80aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_019d4f74-6fde-79f8-88a2-556c4ffc315e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-7b4a-83fa-84d74a5bfa62" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_019d4f74-6fde-79f8-88a2-556c4ffc315e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_019d4f74-6fde-7001-852e-ee6e31429fcc" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-7b4a-83fa-84d74a5bfa62" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_019d4f74-6fde-7001-852e-ee6e31429fcc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_019d4f74-6fde-7914-a4bd-dbf7690398db" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-7b4a-83fa-84d74a5bfa62" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_019d4f74-6fde-7914-a4bd-dbf7690398db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears_019d4f74-6fde-7a5e-a5a4-150dd9821d48" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-7b4a-83fa-84d74a5bfa62" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears_019d4f74-6fde-7a5e-a5a4-150dd9821d48" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_LessorOperatingLeasePaymentToBeReceivedAfterYearFive_019d4f74-6fde-742c-8e0e-78c2491a8e63" xlink:href="osnl-20260331.xsd#osnl_LessorOperatingLeasePaymentToBeReceivedAfterYearFive"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-7b4a-83fa-84d74a5bfa62" xlink:to="loc_osnl_LessorOperatingLeasePaymentToBeReceivedAfterYearFive_019d4f74-6fde-742c-8e0e-78c2491a8e63" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_019d9116-189b-711c-a8df-46a65dd49a4a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceived"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019d4f74-6fde-7b4a-83fa-84d74a5bfa62" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_019d9116-189b-711c-a8df-46a65dd49a4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/EquityandNonControllingInterestNarrativeDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#EquityandNonControllingInterestNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/EquityandNonControllingInterestNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019d4f74-6f12-74c8-9f87-5207af491161" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-74af-ac7d-c912aa5eecbc" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfStockByClassTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019d4f74-6f12-74c8-9f87-5207af491161" xlink:to="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-74af-ac7d-c912aa5eecbc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019d9108-e94a-77b1-8994-30ec1f416dbe" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-74af-ac7d-c912aa5eecbc" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019d9108-e94a-77b1-8994-30ec1f416dbe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019d9108-e94a-7acc-99df-3b5ada068e66" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019d9108-e94a-77b1-8994-30ec1f416dbe" xlink:to="loc_us-gaap_ClassOfStockDomain_019d9108-e94a-7acc-99df-3b5ada068e66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassISharesMember_019d9108-e94a-70d2-b0e0-f0820cd31269" xlink:href="osnl-20260331.xsd#osnl_CommonClassISharesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9108-e94a-7acc-99df-3b5ada068e66" xlink:to="loc_osnl_CommonClassISharesMember_019d9108-e94a-70d2-b0e0-f0820cd31269" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassSMember_019d9108-e94a-729b-a169-d4285a3b955c" xlink:href="osnl-20260331.xsd#osnl_CommonClassSMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9108-e94a-7acc-99df-3b5ada068e66" xlink:to="loc_osnl_CommonClassSMember_019d9108-e94a-729b-a169-d4285a3b955c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassDMember_019d9108-e94a-71aa-b111-ce5bddeb5669" xlink:href="osnl-20260331.xsd#osnl_CommonClassDMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9108-e94a-7acc-99df-3b5ada068e66" xlink:to="loc_osnl_CommonClassDMember_019d9108-e94a-71aa-b111-ce5bddeb5669" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableClassECommonSharesMember_019d9108-e94a-7e30-80f2-74dbbfd5a31f" xlink:href="osnl-20260331.xsd#osnl_RedeemableClassECommonSharesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9108-e94a-7acc-99df-3b5ada068e66" xlink:to="loc_osnl_RedeemableClassECommonSharesMember_019d9108-e94a-7e30-80f2-74dbbfd5a31f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_ClassEOPUnitsMember_019db410-a4ef-7e68-9e1c-88a66a3164c2" xlink:href="osnl-20260331.xsd#osnl_ClassEOPUnitsMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d9108-e94a-7acc-99df-3b5ada068e66" xlink:to="loc_osnl_ClassEOPUnitsMember_019db410-a4ef-7e68-9e1c-88a66a3164c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_019d9109-08fb-73b5-961d-bfd351de4c66" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-74af-ac7d-c912aa5eecbc" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_019d9109-08fb-73b5-961d-bfd351de4c66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_019d9109-08fb-72a1-bbd5-62162d285b05" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_019d9109-08fb-73b5-961d-bfd351de4c66" xlink:to="loc_us-gaap_EquityComponentDomain_019d9109-08fb-72a1-bbd5-62162d285b05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_019d9109-08fb-7833-a26c-300f22dbffda" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_019d9109-08fb-72a1-bbd5-62162d285b05" xlink:to="loc_us-gaap_CommonStockMember_019d9109-08fb-7833-a26c-300f22dbffda" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_019d9109-48bf-7612-9cb7-504b0d5edd0f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AwardTypeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-74af-ac7d-c912aa5eecbc" xlink:to="loc_us-gaap_AwardTypeAxis_019d9109-48bf-7612-9cb7-504b0d5edd0f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_019d9109-48bf-7e83-a75d-184fdf170dd4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_019d9109-48bf-7612-9cb7-504b0d5edd0f" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_019d9109-48bf-7e83-a75d-184fdf170dd4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockMember_019d9109-48bf-7420-b8e8-e010d651dd79" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RestrictedStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_019d9109-48bf-7e83-a75d-184fdf170dd4" xlink:to="loc_us-gaap_RestrictedStockMember_019d9109-48bf-7420-b8e8-e010d651dd79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-74af-ac7d-c912aa5eecbc" xlink:to="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_NumberOfClassesOfShares_019d9108-e94a-7922-a301-6dd3c1b7340a" xlink:href="osnl-20260331.xsd#osnl_NumberOfClassesOfShares"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_osnl_NumberOfClassesOfShares_019d9108-e94a-7922-a301-6dd3c1b7340a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_019d9108-e94a-7e28-837b-fee539c13a9a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_019d9108-e94a-7e28-837b-fee539c13a9a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableCommonSharesEquitySharesIssued_019d9109-08fb-77ac-a967-397ca46e325b" xlink:href="osnl-20260331.xsd#osnl_RedeemableCommonSharesEquitySharesIssued"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_osnl_RedeemableCommonSharesEquitySharesIssued_019d9109-08fb-77ac-a967-397ca46e325b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableCommonSharesGainLossOnAllocationAdjustment_019d9109-08fb-7f49-9134-f63888f0673f" xlink:href="osnl-20260331.xsd#osnl_RedeemableCommonSharesGainLossOnAllocationAdjustment"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_osnl_RedeemableCommonSharesGainLossOnAllocationAdjustment_019d9109-08fb-7f49-9134-f63888f0673f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_StockRepurchaseProgramEarlyRepurchasePeriod_019d9109-2469-7cb1-877d-5350c010f67f" xlink:href="osnl-20260331.xsd#osnl_StockRepurchaseProgramEarlyRepurchasePeriod"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_osnl_StockRepurchaseProgramEarlyRepurchasePeriod_019d9109-2469-7cb1-877d-5350c010f67f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_PurchasePriceToNetAssetValue_019d9109-2469-7423-bd57-e81b946a768a" xlink:href="osnl-20260331.xsd#osnl_PurchasePriceToNetAssetValue"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_osnl_PurchasePriceToNetAssetValue_019d9109-2469-7423-bd57-e81b946a768a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_StockRepurchaseProgramQuarterlyPurchaseLimitPercentage_019d9109-2469-7497-a3cb-dbbd285a66fc" xlink:href="osnl-20260331.xsd#osnl_StockRepurchaseProgramQuarterlyPurchaseLimitPercentage"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_osnl_StockRepurchaseProgramQuarterlyPurchaseLimitPercentage_019d9109-2469-7497-a3cb-dbbd285a66fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodShares_019d9109-2469-766f-9445-d18aa747e062" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockRepurchasedDuringPeriodShares"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_us-gaap_StockRepurchasedDuringPeriodShares_019d9109-2469-766f-9445-d18aa747e062" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonStockSharesRedeemed_019d9109-48bf-77a6-a525-48cb3c1756e9" xlink:href="osnl-20260331.xsd#osnl_CommonStockSharesRedeemed"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_osnl_CommonStockSharesRedeemed_019d9109-48bf-77a6-a525-48cb3c1756e9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsCommonStock_019df3f4-0c9d-768f-94c7-19c6dc98b419" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DividendsCommonStock"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_us-gaap_DividendsCommonStock_019df3f4-0c9d-768f-94c7-19c6dc98b419" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesIssuedForServices_019dd488-84a7-74c2-8a16-0ec714ce29fd" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockIssuedDuringPeriodSharesIssuedForServices"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesIssuedForServices_019dd488-84a7-74c2-8a16-0ec714ce29fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableNoncontrollingInterestEquityReallocation_019de07d-8b50-744a-8cad-45ff3dd7f63a" xlink:href="osnl-20260331.xsd#osnl_RedeemableNoncontrollingInterestEquityReallocation"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_osnl_RedeemableNoncontrollingInterestEquityReallocation_019de07d-8b50-744a-8cad-45ff3dd7f63a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_019d9109-48bf-770d-b0fc-4a5769594d91" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_019d9109-48bf-770d-b0fc-4a5769594d91" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_019d9112-edd4-776d-b589-8b51250e9c0c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_019d9112-edd4-776d-b589-8b51250e9c0c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_019d9109-48bf-74af-acfe-3b06ebe44281" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AllocatedShareBasedCompensationExpense"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d9108-e94a-7800-a7b1-0b9b64058218" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_019d9109-48bf-74af-acfe-3b06ebe44281" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/EquityandNonControllingInterestScheduleofStockbyClassDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#EquityandNonControllingInterestScheduleofStockbyClassDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/EquityandNonControllingInterestScheduleofStockbyClassDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019d4f74-6f12-7248-9132-07066af25977" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-71e3-ae6e-fad341aaec68" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfStockByClassTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019d4f74-6f12-7248-9132-07066af25977" xlink:to="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-71e3-ae6e-fad341aaec68" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_019d4f74-6f12-761a-9819-d9423ac9cc79" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-71e3-ae6e-fad341aaec68" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_019d4f74-6f12-761a-9819-d9423ac9cc79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_019d4f74-6f12-7d2c-8df8-4ccbbe824c88" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_019d4f74-6f12-761a-9819-d9423ac9cc79" xlink:to="loc_us-gaap_EquityComponentDomain_019d4f74-6f12-7d2c-8df8-4ccbbe824c88" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_019d4f74-6f12-7b3e-88eb-12361868af13" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_019d4f74-6f12-7d2c-8df8-4ccbbe824c88" xlink:to="loc_us-gaap_CommonStockMember_019d4f74-6f12-7b3e-88eb-12361868af13" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019d4f74-6f12-78f8-8d45-2726cfc0c1f1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-71e3-ae6e-fad341aaec68" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019d4f74-6f12-78f8-8d45-2726cfc0c1f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019d4f74-6f12-791d-9882-be03244c1bee" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019d4f74-6f12-78f8-8d45-2726cfc0c1f1" xlink:to="loc_us-gaap_ClassOfStockDomain_019d4f74-6f12-791d-9882-be03244c1bee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassSMember_019d4f74-6f12-70a8-92e0-77a73daf718c" xlink:href="osnl-20260331.xsd#osnl_CommonClassSMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6f12-791d-9882-be03244c1bee" xlink:to="loc_osnl_CommonClassSMember_019d4f74-6f12-70a8-92e0-77a73daf718c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassNMember_019d4f74-6f12-7427-b75d-c7c8e08de635" xlink:href="osnl-20260331.xsd#osnl_CommonClassNMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6f12-791d-9882-be03244c1bee" xlink:to="loc_osnl_CommonClassNMember_019d4f74-6f12-7427-b75d-c7c8e08de635" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassDMember_019d4f74-6f12-7b88-ba8c-698130c4134f" xlink:href="osnl-20260331.xsd#osnl_CommonClassDMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6f12-791d-9882-be03244c1bee" xlink:to="loc_osnl_CommonClassDMember_019d4f74-6f12-7b88-ba8c-698130c4134f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassISharesMember_019d4f74-6f12-7ba5-8dd7-b12fbe321018" xlink:href="osnl-20260331.xsd#osnl_CommonClassISharesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6f12-791d-9882-be03244c1bee" xlink:to="loc_osnl_CommonClassISharesMember_019d4f74-6f12-7ba5-8dd7-b12fbe321018" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockLineItems_019d4f74-6f12-7fda-b999-7274c138d8f2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-71e3-ae6e-fad341aaec68" xlink:to="loc_us-gaap_ClassOfStockLineItems_019d4f74-6f12-7fda-b999-7274c138d8f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6f12-7e3b-b03b-34070aeaaf6e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d4f74-6f12-7fda-b999-7274c138d8f2" xlink:to="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6f12-7e3b-b03b-34070aeaaf6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_019d4f74-6f12-7ed6-aec1-d39e1445b373" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6f12-7e3b-b03b-34070aeaaf6e" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_019d4f74-6f12-7ed6-aec1-d39e1445b373" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_019d4f74-6f12-7af3-8439-b18b700a377a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6f12-7e3b-b03b-34070aeaaf6e" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_019d4f74-6f12-7af3-8439-b18b700a377a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_StockIssuedDuringPeriodSharesDistributionReinvestment_019d4f74-6f12-77b8-b679-276b0055568f" xlink:href="osnl-20260331.xsd#osnl_StockIssuedDuringPeriodSharesDistributionReinvestment"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6f12-7e3b-b03b-34070aeaaf6e" xlink:to="loc_osnl_StockIssuedDuringPeriodSharesDistributionReinvestment_019d4f74-6f12-77b8-b679-276b0055568f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_019d4f74-6f12-7726-9046-bb9ff6243466" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019d4f74-6f12-7e3b-b03b-34070aeaaf6e" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_019d4f74-6f12-7726-9046-bb9ff6243466" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/EquityandNonControllingInterestScheduleofAggregateDistributionsDeclaredForEachApplicableClassOfCommonSharesDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#EquityandNonControllingInterestScheduleofAggregateDistributionsDeclaredForEachApplicableClassOfCommonSharesDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/EquityandNonControllingInterestScheduleofAggregateDistributionsDeclaredForEachApplicableClassOfCommonSharesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019d4f74-6f12-7b1f-b886-53b325cc6869" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-7a20-8849-586a65f7dc9f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfStockByClassTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019d4f74-6f12-7b1f-b886-53b325cc6869" xlink:to="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-7a20-8849-586a65f7dc9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019d4f74-6f12-7dcb-a85e-ea116f876186" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-7a20-8849-586a65f7dc9f" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019d4f74-6f12-7dcb-a85e-ea116f876186" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019d4f74-6f12-7093-b9b6-5780bb2d7414" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019d4f74-6f12-7dcb-a85e-ea116f876186" xlink:to="loc_us-gaap_ClassOfStockDomain_019d4f74-6f12-7093-b9b6-5780bb2d7414" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassSMember_019d4f74-6f12-7c8f-a251-ce097045ec46" xlink:href="osnl-20260331.xsd#osnl_CommonClassSMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6f12-7093-b9b6-5780bb2d7414" xlink:to="loc_osnl_CommonClassSMember_019d4f74-6f12-7c8f-a251-ce097045ec46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassDMember_019d4f74-6f12-76b4-824b-7efa32579850" xlink:href="osnl-20260331.xsd#osnl_CommonClassDMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6f12-7093-b9b6-5780bb2d7414" xlink:to="loc_osnl_CommonClassDMember_019d4f74-6f12-76b4-824b-7efa32579850" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassISharesMember_019d4f74-6f12-7d01-8793-c7012a5cdc54" xlink:href="osnl-20260331.xsd#osnl_CommonClassISharesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6f12-7093-b9b6-5780bb2d7414" xlink:to="loc_osnl_CommonClassISharesMember_019d4f74-6f12-7d01-8793-c7012a5cdc54" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableClassECommonSharesMember_019d90fe-74b1-7754-8963-41972690f0c6" xlink:href="osnl-20260331.xsd#osnl_RedeemableClassECommonSharesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d4f74-6f12-7093-b9b6-5780bb2d7414" xlink:to="loc_osnl_RedeemableClassECommonSharesMember_019d90fe-74b1-7754-8963-41972690f0c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockLineItems_019d4f74-6f12-7270-92a0-cde6f6845fdc" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019d4f74-6f12-7a20-8849-586a65f7dc9f" xlink:to="loc_us-gaap_ClassOfStockLineItems_019d4f74-6f12-7270-92a0-cde6f6845fdc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonStockDividendsPerShareDeclaredGross_019d4f74-6f12-71bc-8af0-e18ff3e39e9a" xlink:href="osnl-20260331.xsd#osnl_CommonStockDividendsPerShareDeclaredGross"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d4f74-6f12-7270-92a0-cde6f6845fdc" xlink:to="loc_osnl_CommonStockDividendsPerShareDeclaredGross_019d4f74-6f12-71bc-8af0-e18ff3e39e9a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonStockDividendsPerShareDeclaredServicingFee_019d4f74-6f12-7c36-855e-50b05e014a57" xlink:href="osnl-20260331.xsd#osnl_CommonStockDividendsPerShareDeclaredServicingFee"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d4f74-6f12-7270-92a0-cde6f6845fdc" xlink:to="loc_osnl_CommonStockDividendsPerShareDeclaredServicingFee_019d4f74-6f12-7c36-855e-50b05e014a57" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_019d4f74-6f12-7a24-a59d-9b0749a83a30" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockDividendsPerShareDeclared"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019d4f74-6f12-7270-92a0-cde6f6845fdc" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_019d4f74-6f12-7a24-a59d-9b0749a83a30" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/EquityandNonControllingInterestScheduleofRedeemableNoncontrollingInterestDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#EquityandNonControllingInterestScheduleofRedeemableNoncontrollingInterestDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/EquityandNonControllingInterestScheduleofRedeemableNoncontrollingInterestDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019d4f74-6f12-7ee6-8005-bc14fb12cdca" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward_019d4f74-6f12-7764-9633-a41a79116e75" xlink:href="osnl-20260331.xsd#osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019d4f74-6f12-7ee6-8005-bc14fb12cdca" xlink:to="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward_019d4f74-6f12-7764-9633-a41a79116e75" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityCommonFairValue_019d4f74-6f12-7432-bb6c-e329675bd301" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCommonFairValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward_019d4f74-6f12-7764-9633-a41a79116e75" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCommonFairValue_019d4f74-6f12-7432-bb6c-e329675bd301" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableNoncontrollingInterestEquitySettlementOfPriorYearPerformanceParticipationAllocation_019d4f74-6f12-751d-9419-aac81ae218c4" xlink:href="osnl-20260331.xsd#osnl_RedeemableNoncontrollingInterestEquitySettlementOfPriorYearPerformanceParticipationAllocation"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward_019d4f74-6f12-7764-9633-a41a79116e75" xlink:to="loc_osnl_RedeemableNoncontrollingInterestEquitySettlementOfPriorYearPerformanceParticipationAllocation_019d4f74-6f12-751d-9419-aac81ae218c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableNoncontrollingInterestEquityRepurchases_019d4f74-6f12-7ae6-977d-f44f807dffca" xlink:href="osnl-20260331.xsd#osnl_RedeemableNoncontrollingInterestEquityRepurchases"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward_019d4f74-6f12-7764-9633-a41a79116e75" xlink:to="loc_osnl_RedeemableNoncontrollingInterestEquityRepurchases_019d4f74-6f12-7ae6-977d-f44f807dffca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableNoncontrollingInterestEquityNetIncomeAllocation_019d4f74-6f12-7049-8d90-46f14ca726a3" xlink:href="osnl-20260331.xsd#osnl_RedeemableNoncontrollingInterestEquityNetIncomeAllocation"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward_019d4f74-6f12-7764-9633-a41a79116e75" xlink:to="loc_osnl_RedeemableNoncontrollingInterestEquityNetIncomeAllocation_019d4f74-6f12-7049-8d90-46f14ca726a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableNoncontrollingInterestOtherComprehensiveIncomeLoss_019d4f74-6f12-72d6-acec-2cc163974786" xlink:href="osnl-20260331.xsd#osnl_RedeemableNoncontrollingInterestOtherComprehensiveIncomeLoss"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward_019d4f74-6f12-7764-9633-a41a79116e75" xlink:to="loc_osnl_RedeemableNoncontrollingInterestOtherComprehensiveIncomeLoss_019d4f74-6f12-72d6-acec-2cc163974786" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableNoncontrollingInterestEquityDistributions_019d4f74-6f12-7391-81c2-7d0b258d5596" xlink:href="osnl-20260331.xsd#osnl_RedeemableNoncontrollingInterestEquityDistributions"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward_019d4f74-6f12-7764-9633-a41a79116e75" xlink:to="loc_osnl_RedeemableNoncontrollingInterestEquityDistributions_019d4f74-6f12-7391-81c2-7d0b258d5596" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueAllocation_019d4f74-6f12-7534-887a-69a627b06da5" xlink:href="osnl-20260331.xsd#osnl_RedeemableNoncontrollingInterestEquityFairValueAllocation"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward_019d4f74-6f12-7764-9633-a41a79116e75" xlink:to="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueAllocation_019d4f74-6f12-7534-887a-69a627b06da5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableNoncontrollingInterestEquityReallocation_019d4f74-6f12-71df-b0e6-0b2bfe963fd8" xlink:href="osnl-20260331.xsd#osnl_RedeemableNoncontrollingInterestEquityReallocation"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward_019d4f74-6f12-7764-9633-a41a79116e75" xlink:to="loc_osnl_RedeemableNoncontrollingInterestEquityReallocation_019d4f74-6f12-71df-b0e6-0b2bfe963fd8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityCommonFairValue_019d4f74-6f12-7de1-9d5c-581e5295078a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCommonFairValue"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_osnl_RedeemableNoncontrollingInterestEquityFairValueRollForward_019d4f74-6f12-7764-9633-a41a79116e75" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCommonFairValue_019d4f74-6f12-7de1-9d5c-581e5295078a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/CommitmentandContingenciesDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#CommitmentandContingenciesDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/CommitmentandContingenciesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_019d4f74-6f12-7702-8dbb-0ae0e25d88ff" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainContingenciesTable_019d4f74-6f12-79ba-8053-d5f17a5d3ccf" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GainContingenciesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_019d4f74-6f12-7702-8dbb-0ae0e25d88ff" xlink:to="loc_us-gaap_GainContingenciesTable_019d4f74-6f12-79ba-8053-d5f17a5d3ccf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsAxis_019db411-9b0c-76da-a685-05ce60c3c90c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherCommitmentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GainContingenciesTable_019d4f74-6f12-79ba-8053-d5f17a5d3ccf" xlink:to="loc_us-gaap_OtherCommitmentsAxis_019db411-9b0c-76da-a685-05ce60c3c90c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCommitmentsDomain_019db411-9b0c-7251-9637-a76cd920e69e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherCommitmentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsAxis_019db411-9b0c-76da-a685-05ce60c3c90c" xlink:to="loc_us-gaap_OtherCommitmentsDomain_019db411-9b0c-7251-9637-a76cd920e69e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConstructionInProgressMember_019db411-ce6f-78af-86be-2dc8f002b05e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ConstructionInProgressMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherCommitmentsDomain_019db411-9b0c-7251-9637-a76cd920e69e" xlink:to="loc_us-gaap_ConstructionInProgressMember_019db411-ce6f-78af-86be-2dc8f002b05e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainContingenciesLineItems_019d4f74-6f12-71a2-a442-53e34ec17813" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GainContingenciesLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GainContingenciesTable_019d4f74-6f12-79ba-8053-d5f17a5d3ccf" xlink:to="loc_us-gaap_GainContingenciesLineItems_019d4f74-6f12-71a2-a442-53e34ec17813" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractualObligation_019d4f74-6f12-7ed2-84b5-34acc08e7a55" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ContractualObligation"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GainContingenciesLineItems_019d4f74-6f12-71a2-a442-53e34ec17813" xlink:to="loc_us-gaap_ContractualObligation_019d4f74-6f12-7ed2-84b5-34acc08e7a55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/EarningsPerShareScheduleofEarningsNetLossPerShareDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#EarningsPerShareScheduleofEarningsNetLossPerShareDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/EarningsPerShareScheduleofEarningsNetLossPerShareDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_019d4f74-6fde-7335-aeb8-d9e86190c2a7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_019d90e0-73d9-7b27-b857-cb70a49f420d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_019d4f74-6fde-7335-aeb8-d9e86190c2a7" xlink:to="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_019d90e0-73d9-7b27-b857-cb70a49f420d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019d90e0-73d9-72f0-a3ea-349b7bec8d9d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_019d90e0-73d9-7b27-b857-cb70a49f420d" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019d90e0-73d9-72f0-a3ea-349b7bec8d9d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019d90e0-73d9-75e4-b266-962f32e5823c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019d90e0-73d9-72f0-a3ea-349b7bec8d9d" xlink:to="loc_us-gaap_ClassOfStockDomain_019d90e0-73d9-75e4-b266-962f32e5823c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_ClassSClassDAndClassICommonSharesMember_019d90e1-50bb-7d7e-bc4d-67d0cb9c6304" xlink:href="osnl-20260331.xsd#osnl_ClassSClassDAndClassICommonSharesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d90e0-73d9-75e4-b266-962f32e5823c" xlink:to="loc_osnl_ClassSClassDAndClassICommonSharesMember_019d90e1-50bb-7d7e-bc4d-67d0cb9c6304" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableClassECommonSharesMember_019d90e1-29f5-7268-b92e-2bced0c7d8c6" xlink:href="osnl-20260331.xsd#osnl_RedeemableClassECommonSharesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d90e0-73d9-75e4-b266-962f32e5823c" xlink:to="loc_osnl_RedeemableClassECommonSharesMember_019d90e1-29f5-7268-b92e-2bced0c7d8c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_019d90e0-73d9-7b27-b857-cb70a49f420d" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019d4f74-6fde-7783-b15b-4097187fe09c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:to="loc_us-gaap_ProfitLoss_019d4f74-6fde-7783-b15b-4097187fe09c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_019d4f74-6fde-7160-8849-e317e2ae2dfd" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_019d4f74-6fde-7160-8849-e317e2ae2dfd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019d4f74-6fde-7936-9eaa-e174d219b38a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:to="loc_us-gaap_NetIncomeLoss_019d4f74-6fde-7936-9eaa-e174d219b38a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DilutiveSecurities_019d4f74-6fde-79e5-9394-97b4ee776bf5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DilutiveSecurities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:to="loc_us-gaap_DilutiveSecurities_019d4f74-6fde-79e5-9394-97b4ee776bf5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToParentDiluted_019d4f74-6fde-7577-9a66-c30d1bcd103a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLossAttributableToParentDiluted"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:to="loc_us-gaap_NetIncomeLossAttributableToParentDiluted_019d4f74-6fde-7577-9a66-c30d1bcd103a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019d4f74-6fde-7aa3-a9a0-9d8745d31b96" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019d4f74-6fde-7aa3-a9a0-9d8745d31b96" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_019d4f74-6fde-754c-aa34-ea5aed32d11f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_019d4f74-6fde-754c-aa34-ea5aed32d11f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment_019d4f74-6fde-7cb5-a049-e785c380ddc0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:to="loc_us-gaap_WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment_019d4f74-6fde-7cb5-a049-e785c380ddc0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019d4f74-6fde-7a15-befc-98a7614eb176" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019d4f74-6fde-7a15-befc-98a7614eb176" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_019d4f74-6fde-7579-86b4-8949a7d5729b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:to="loc_us-gaap_EarningsPerShareBasic_019d4f74-6fde-7579-86b4-8949a7d5729b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_019d4f74-6fde-71f6-980c-661734e8620f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019d90e0-73d9-7f47-8069-f1c94f4ff54b" xlink:to="loc_us-gaap_EarningsPerShareDiluted_019d4f74-6fde-71f6-980c-661734e8620f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/EarningsPerShareNarrativeDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#EarningsPerShareNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/EarningsPerShareNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_019d4f74-6fde-7032-aefa-6314029eb91c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_019db414-dfe4-7d16-a332-9aeeed4d9d0c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_019d4f74-6fde-7032-aefa-6314029eb91c" xlink:to="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_019db414-dfe4-7d16-a332-9aeeed4d9d0c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019db414-dfe4-763a-a905-1696337de5d2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_019db414-dfe4-7d16-a332-9aeeed4d9d0c" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019db414-dfe4-763a-a905-1696337de5d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019db414-dfe4-76c7-9fc2-1be80f35dfd2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019db414-dfe4-763a-a905-1696337de5d2" xlink:to="loc_us-gaap_ClassOfStockDomain_019db414-dfe4-76c7-9fc2-1be80f35dfd2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableClassECommonSharesMember_019db415-68b1-7895-9e44-f69a0d295da9" xlink:href="osnl-20260331.xsd#osnl_RedeemableClassECommonSharesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019db414-dfe4-76c7-9fc2-1be80f35dfd2" xlink:to="loc_osnl_RedeemableClassECommonSharesMember_019db415-68b1-7895-9e44-f69a0d295da9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_ClassEOPUnitsMember_019db415-a152-7ecc-b54d-be28cd9241be" xlink:href="osnl-20260331.xsd#osnl_ClassEOPUnitsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019db414-dfe4-76c7-9fc2-1be80f35dfd2" xlink:to="loc_osnl_ClassEOPUnitsMember_019db415-a152-7ecc-b54d-be28cd9241be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019db414-dfe4-74c7-8325-fc5800432c7f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_019db414-dfe4-7d16-a332-9aeeed4d9d0c" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019db414-dfe4-74c7-8325-fc5800432c7f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_EarningsPerShareSharesExcludedAsAntiDilutive_019de081-c986-7bcb-98fa-3fa1b3e9cf34" xlink:href="osnl-20260331.xsd#osnl_EarningsPerShareSharesExcludedAsAntiDilutive"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_019db414-dfe4-74c7-8325-fc5800432c7f" xlink:to="loc_osnl_EarningsPerShareSharesExcludedAsAntiDilutive_019de081-c986-7bcb-98fa-3fa1b3e9cf34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/SegmentReportingNarrativeDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#SegmentReportingNarrativeDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/SegmentReportingNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_019d4f74-6fde-7b70-a5b4-c2867249f5a5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfOperatingSegments_019d4f74-6fde-75c6-b06f-d281b1c7e77f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NumberOfOperatingSegments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_019d4f74-6fde-7b70-a5b4-c2867249f5a5" xlink:to="loc_us-gaap_NumberOfOperatingSegments_019d4f74-6fde-75c6-b06f-d281b1c7e77f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfReportableSegments_019d4f74-6fde-7ac0-b7d8-8382c09452b6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NumberOfReportableSegments"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_019d4f74-6fde-7b70-a5b4-c2867249f5a5" xlink:to="loc_us-gaap_NumberOfReportableSegments_019d4f74-6fde-7ac0-b7d8-8382c09452b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/SegmentReportingScheduleofSegmentDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#SegmentReportingScheduleofSegmentDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/SegmentReportingScheduleofSegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_019d4f74-6fde-72d1-a95e-0024ef5c8c37" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019d4f74-6fde-7505-94c7-9fb79bb71a59" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_019d4f74-6fde-72d1-a95e-0024ef5c8c37" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019d4f74-6fde-7505-94c7-9fb79bb71a59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_019d4f74-6fde-7262-b4ad-3aff1b697372" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019d4f74-6fde-7505-94c7-9fb79bb71a59" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_019d4f74-6fde-7262-b4ad-3aff1b697372" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_019d4f74-6fde-75ef-bb92-586b42fd7214" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_019d4f74-6fde-7262-b4ad-3aff1b697372" xlink:to="loc_us-gaap_SegmentDomain_019d4f74-6fde-75ef-bb92-586b42fd7214" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_ReportableSegmentMember_019d4f74-6fde-7a14-8f11-b664fe83ed3d" xlink:href="osnl-20260331.xsd#osnl_ReportableSegmentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019d4f74-6fde-75ef-bb92-586b42fd7214" xlink:to="loc_osnl_ReportableSegmentMember_019d4f74-6fde-7a14-8f11-b664fe83ed3d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_019d4f74-6fde-7085-a92b-f7f3e0567259" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019d4f74-6fde-7505-94c7-9fb79bb71a59" xlink:to="loc_us-gaap_SegmentReportingInformationLineItems_019d4f74-6fde-7085-a92b-f7f3e0567259" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeaseIncome_019d4f74-6fde-79b1-a49d-4a81a3796d7b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LeaseIncome"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019d4f74-6fde-7085-a92b-f7f3e0567259" xlink:to="loc_us-gaap_LeaseIncome_019d4f74-6fde-79b1-a49d-4a81a3796d7b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6fde-7c27-8962-96fe1e199c78" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OperatingExpensesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019d4f74-6fde-7085-a92b-f7f3e0567259" xlink:to="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6fde-7c27-8962-96fe1e199c78" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_FundLevelExpenses_019d4f74-6fde-78d5-a129-9134fd99ee27" xlink:href="osnl-20260331.xsd#osnl_FundLevelExpenses"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6fde-7c27-8962-96fe1e199c78" xlink:to="loc_osnl_FundLevelExpenses_019d4f74-6fde-78d5-a129-9134fd99ee27" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ManagementFeeExpense_019d4f74-6fde-75c3-96fe-771cabb49862" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ManagementFeeExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6fde-7c27-8962-96fe1e199c78" xlink:to="loc_us-gaap_ManagementFeeExpense_019d4f74-6fde-75c3-96fe-771cabb49862" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncentiveFeeExpense_019d4f74-6fde-7e9d-8f16-383542b5213c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncentiveFeeExpense"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6fde-7c27-8962-96fe1e199c78" xlink:to="loc_us-gaap_IncentiveFeeExpense_019d4f74-6fde-7e9d-8f16-383542b5213c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_AdjustedInterestExpenseNonoperating_019d4f74-6fde-77c5-b9c7-a59f5affc8d6" xlink:href="osnl-20260331.xsd#osnl_AdjustedInterestExpenseNonoperating"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6fde-7c27-8962-96fe1e199c78" xlink:to="loc_osnl_AdjustedInterestExpenseNonoperating_019d4f74-6fde-77c5-b9c7-a59f5affc8d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonoperatingIncomeExpense_019d90d5-85d3-7fac-9245-86fc8505dd2c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NonoperatingIncomeExpense"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019d4f74-6fde-7c27-8962-96fe1e199c78" xlink:to="loc_us-gaap_NonoperatingIncomeExpense_019d90d5-85d3-7fac-9245-86fc8505dd2c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019d4f74-6fde-73e4-ab4d-db416f7e8256" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019d4f74-6fde-7085-a92b-f7f3e0567259" xlink:to="loc_us-gaap_ProfitLoss_019d4f74-6fde-73e4-ab4d-db416f7e8256" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.blueowl.com/role/SubsequentEventsDetails" xlink:type="simple" xlink:href="osnl-20260331.xsd#SubsequentEventsDetails"/>
  <link:presentationLink xlink:role="http://www.blueowl.com/role/SubsequentEventsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsAbstract_019d4f74-6f12-78b4-bdc2-65aace2c16aa" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubsequentEventsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTable_019d4f74-6f12-76bc-886d-b661a7349747" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubsequentEventTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventsAbstract_019d4f74-6f12-78b4-bdc2-65aace2c16aa" xlink:to="loc_us-gaap_SubsequentEventTable_019d4f74-6f12-76bc-886d-b661a7349747" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_019d4f74-6f12-74a5-be30-5a03cc7a18c6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubsequentEventTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_019d4f74-6f12-76bc-886d-b661a7349747" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_019d4f74-6f12-74a5-be30-5a03cc7a18c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_019d4f74-6f12-7bf3-88ce-1198baa0d62a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubsequentEventTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_019d4f74-6f12-74a5-be30-5a03cc7a18c6" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_019d4f74-6f12-7bf3-88ce-1198baa0d62a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventMember_019d4f74-6f12-7f7f-afd8-36c5890e3af7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubsequentEventMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_019d4f74-6f12-7bf3-88ce-1198baa0d62a" xlink:to="loc_us-gaap_SubsequentEventMember_019d4f74-6f12-7f7f-afd8-36c5890e3af7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_019d90c4-34ee-70cf-b8e8-cc31ad8a2d48" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_019d4f74-6f12-76bc-886d-b661a7349747" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_019d90c4-34ee-70cf-b8e8-cc31ad8a2d48" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_019d90c4-34ee-7add-be3a-3cee300ba922" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_019d90c4-34ee-70cf-b8e8-cc31ad8a2d48" xlink:to="loc_us-gaap_EquityComponentDomain_019d90c4-34ee-7add-be3a-3cee300ba922" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_019d90c4-34ee-754c-91bb-3467fbf277aa" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_019d90c4-34ee-7add-be3a-3cee300ba922" xlink:to="loc_us-gaap_CommonStockMember_019d90c4-34ee-754c-91bb-3467fbf277aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019d90c4-34ee-774d-8a7e-e3f52a4ae889" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_019d4f74-6f12-76bc-886d-b661a7349747" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019d90c4-34ee-774d-8a7e-e3f52a4ae889" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019d90c4-34ee-7857-b064-e481bf4fa830" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019d90c4-34ee-774d-8a7e-e3f52a4ae889" xlink:to="loc_us-gaap_ClassOfStockDomain_019d90c4-34ee-7857-b064-e481bf4fa830" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassSSharesMember_019d90c4-34ee-74e0-b398-67435d924447" xlink:href="osnl-20260331.xsd#osnl_CommonClassSSharesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d90c4-34ee-7857-b064-e481bf4fa830" xlink:to="loc_osnl_CommonClassSSharesMember_019d90c4-34ee-74e0-b398-67435d924447" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassDSharesMember_019d90c4-34ee-7856-9862-7acbbe37bbb5" xlink:href="osnl-20260331.xsd#osnl_CommonClassDSharesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d90c4-34ee-7857-b064-e481bf4fa830" xlink:to="loc_osnl_CommonClassDSharesMember_019d90c4-34ee-7856-9862-7acbbe37bbb5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_CommonClassISharesMember_019d90c4-34ee-7090-8fe8-f3b011404071" xlink:href="osnl-20260331.xsd#osnl_CommonClassISharesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d90c4-34ee-7857-b064-e481bf4fa830" xlink:to="loc_osnl_CommonClassISharesMember_019d90c4-34ee-7090-8fe8-f3b011404071" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_RedeemableClassECommonSharesMember_019d90c4-34ee-748a-8ccc-580676e2a064" xlink:href="osnl-20260331.xsd#osnl_RedeemableClassECommonSharesMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019d90c4-34ee-7857-b064-e481bf4fa830" xlink:to="loc_osnl_RedeemableClassECommonSharesMember_019d90c4-34ee-748a-8ccc-580676e2a064" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityAxis_019d90d0-a436-79c2-9ae2-fe7d29b1607d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CreditFacilityAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_019d4f74-6f12-76bc-886d-b661a7349747" xlink:to="loc_us-gaap_CreditFacilityAxis_019d90d0-a436-79c2-9ae2-fe7d29b1607d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityDomain_019d90d0-a436-7171-86ce-304138b61da2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CreditFacilityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_019d90d0-a436-79c2-9ae2-fe7d29b1607d" xlink:to="loc_us-gaap_CreditFacilityDomain_019d90d0-a436-7171-86ce-304138b61da2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LetterOfCreditMember_019db41b-444f-7687-a7c6-035c8527cc59" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LetterOfCreditMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_019d90d0-a436-7171-86ce-304138b61da2" xlink:to="loc_us-gaap_LetterOfCreditMember_019db41b-444f-7687-a7c6-035c8527cc59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_019db418-c586-772f-8155-6a4503ef4478" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_019d4f74-6f12-76bc-886d-b661a7349747" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_019db418-c586-772f-8155-6a4503ef4478" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_019db418-c586-7ffb-8248-c08c78baaae3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_019db418-c586-772f-8155-6a4503ef4478" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_019db418-c586-7ffb-8248-c08c78baaae3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_019db419-36c6-70fe-8264-22c38331d3b7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019db418-c586-7ffb-8248-c08c78baaae3" xlink:to="loc_us-gaap_LineOfCreditMember_019db419-36c6-70fe-8264-22c38331d3b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventLineItems_019d90c4-34ee-7de6-ab04-ad7c93ae99fe" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SubsequentEventLineItems"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_019d4f74-6f12-76bc-886d-b661a7349747" xlink:to="loc_us-gaap_SubsequentEventLineItems_019d90c4-34ee-7de6-ab04-ad7c93ae99fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_019db419-c9b2-75dd-9fa8-5f88f7108a03" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019d90c4-34ee-7de6-ab04-ad7c93ae99fe" xlink:to="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_019db419-c9b2-75dd-9fa8-5f88f7108a03" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019db41b-c74e-7d9c-b375-3cd505788fcf" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019d90c4-34ee-7de6-ab04-ad7c93ae99fe" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019db41b-c74e-7d9c-b375-3cd505788fcf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_osnl_LineOfCreditExtensionTerm_019e1c87-2e5e-7bdd-8f61-cce09fae894c" xlink:href="osnl-20260331.xsd#osnl_LineOfCreditExtensionTerm"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019d90c4-34ee-7de6-ab04-ad7c93ae99fe" xlink:to="loc_osnl_LineOfCreditExtensionTerm_019e1c87-2e5e-7bdd-8f61-cce09fae894c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_019d90c4-34ee-79e2-a3ff-292a2c3b849f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019d90c4-34ee-7de6-ab04-ad7c93ae99fe" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_019d90c4-34ee-79e2-a3ff-292a2c3b849f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_019d90c4-34ee-7421-8f5c-138d358b3cf6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019d90c4-34ee-7de6-ab04-ad7c93ae99fe" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_019d90c4-34ee-7421-8f5c-138d358b3cf6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_019e0329-a862-79aa-96c3-67b80b587c3c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockDividendsPerShareDeclared"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019d90c4-34ee-7de6-ab04-ad7c93ae99fe" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_019e0329-a862-79aa-96c3-67b80b587c3c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" xlink:type="simple" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#AwardTimingDisclosure"/>
  <link:presentationLink xlink:role="http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardTmgDiscLineItems" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AwardTmgDiscLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardTmgMnpiDiscTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AwardTmgMnpiDiscTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardTmgMnpiDiscTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardTmgMethodTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AwardTmgMethodTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardTmgMethodTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardTmgPredtrmndFlag" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AwardTmgPredtrmndFlag"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardTmgPredtrmndFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardTmgMnpiCnsdrdFlag" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AwardTmgMnpiCnsdrdFlag"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardTmgMnpiCnsdrdFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardTmgHowMnpiCnsdrdTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AwardTmgHowMnpiCnsdrdTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardTmgHowMnpiCnsdrdTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_MnpiDiscTimedForCompValFlag" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_MnpiDiscTimedForCompValFlag"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_MnpiDiscTimedForCompValFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardsCloseToMnpiDiscTableTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AwardsCloseToMnpiDiscTableTextBlock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardsCloseToMnpiDiscTableTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardsCloseToMnpiDiscTable" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AwardsCloseToMnpiDiscTable"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardsCloseToMnpiDiscTable" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_IndividualAxis" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_IndividualAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardsCloseToMnpiDiscTable" xlink:to="loc_ecd_IndividualAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllIndividualsMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AllIndividualsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_IndividualAxis" xlink:to="loc_ecd_AllIndividualsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AwardTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardsCloseToMnpiDiscTable" xlink:to="loc_us-gaap_AwardTypeAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeStockOptionMember" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EmployeeStockOptionMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaap_EmployeeStockOptionMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockAppreciationRightsSARSMember" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockAppreciationRightsSARSMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaap_StockAppreciationRightsSARSMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardsCloseToMnpiDiscIndName" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AwardsCloseToMnpiDiscIndName"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardsCloseToMnpiDiscIndName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardUndrlygSecuritiesAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AwardUndrlygSecuritiesAmt"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardUndrlygSecuritiesAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardExrcPrice" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AwardExrcPrice"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardExrcPrice" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardGrantDateFairValue" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AwardGrantDateFairValue"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardGrantDateFairValue" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_UndrlygSecurityMktPriceChngPct" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_UndrlygSecurityMktPriceChngPct"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_UndrlygSecurityMktPriceChngPct" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" xlink:type="simple" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ErrCompDisclosure"/>
  <link:presentationLink xlink:role="http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_RecoveryOfErrCompDisclosureLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ErrCompRecoveryTable" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_ErrCompRecoveryTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ErrCompRecoveryTable" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_RestatementDateAxis" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_RestatementDateAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_ErrCompRecoveryTable" xlink:to="loc_ecd_RestatementDateAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_IndividualAxis" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_IndividualAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_ErrCompRecoveryTable" xlink:to="loc_ecd_IndividualAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllIndividualsMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AllIndividualsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_IndividualAxis" xlink:to="loc_ecd_AllIndividualsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonNeosMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_NonNeosMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AllIndividualsMember" xlink:to="loc_ecd_NonNeosMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_RestatementDeterminationDate" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_RestatementDeterminationDate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_RestatementDeterminationDate" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AggtErrCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AggtErrCompAmt"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_AggtErrCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ErrCompAnalysisTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_ErrCompAnalysisTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ErrCompAnalysisTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_StkPrcOrTsrEstimationMethodTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_StkPrcOrTsrEstimationMethodTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_StkPrcOrTsrEstimationMethodTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_OutstandingAggtErrCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_OutstandingAggtErrCompAmt"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_OutstandingAggtErrCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AggtErrCompNotYetDeterminedTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AggtErrCompNotYetDeterminedTextBlock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_AggtErrCompNotYetDeterminedTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ForgoneRecoveryIndName" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_ForgoneRecoveryIndName"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ForgoneRecoveryIndName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ForgoneRecoveryDueToExpenseOfEnforcementAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_ForgoneRecoveryDueToExpenseOfEnforcementAmt"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ForgoneRecoveryDueToExpenseOfEnforcementAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ForgoneRecoveryDueToViolationOfHomeCountryLawAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_ForgoneRecoveryDueToViolationOfHomeCountryLawAmt"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ForgoneRecoveryDueToViolationOfHomeCountryLawAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ForgoneRecoveryDueToDisqualificationOfTaxBenefitsAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_ForgoneRecoveryDueToDisqualificationOfTaxBenefitsAmt"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ForgoneRecoveryDueToDisqualificationOfTaxBenefitsAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ForgoneRecoveryExplanationOfImpracticabilityTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_ForgoneRecoveryExplanationOfImpracticabilityTextBlock"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ForgoneRecoveryExplanationOfImpracticabilityTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_OutstandingRecoveryIndName" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_OutstandingRecoveryIndName"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_OutstandingRecoveryIndName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_OutstandingRecoveryCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_OutstandingRecoveryCompAmt"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_OutstandingRecoveryCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_RestatementDoesNotRequireRecoveryTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_RestatementDoesNotRequireRecoveryTextBlock"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_RestatementDoesNotRequireRecoveryTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://xbrl.sec.gov/ecd/role/PvpDisclosure" xlink:type="simple" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#PvpDisclosure"/>
  <link:presentationLink xlink:role="http://xbrl.sec.gov/ecd/role/PvpDisclosure" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_PayVsPerformanceDisclosureLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PvpTable" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_PvpTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PvpTable" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ExecutiveCategoryAxis" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_ExecutiveCategoryAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PvpTable" xlink:to="loc_ecd_ExecutiveCategoryAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllExecutiveCategoriesMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AllExecutiveCategoriesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_ExecutiveCategoryAxis" xlink:to="loc_ecd_AllExecutiveCategoriesMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PeoMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_PeoMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AllExecutiveCategoriesMember" xlink:to="loc_ecd_PeoMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonPeoNeoMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_NonPeoNeoMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AllExecutiveCategoriesMember" xlink:to="loc_ecd_NonPeoNeoMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_IndividualAxis" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_IndividualAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PvpTable" xlink:to="loc_ecd_IndividualAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllIndividualsMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AllIndividualsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_IndividualAxis" xlink:to="loc_ecd_AllIndividualsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AdjToCompAxis" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AdjToCompAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PvpTable" xlink:to="loc_ecd_AdjToCompAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllAdjToCompMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AllAdjToCompMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AdjToCompAxis" xlink:to="loc_ecd_AllAdjToCompMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AggtChngPnsnValInSummryCompstnTblForAplblYrMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AggtChngPnsnValInSummryCompstnTblForAplblYrMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AllAdjToCompMember" xlink:to="loc_ecd_AggtChngPnsnValInSummryCompstnTblForAplblYrMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AggtPnsnAdjsSvcCstMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AggtPnsnAdjsSvcCstMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AllAdjToCompMember" xlink:to="loc_ecd_AggtPnsnAdjsSvcCstMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PnsnAdjsSvcCstMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_PnsnAdjsSvcCstMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AggtPnsnAdjsSvcCstMember" xlink:to="loc_ecd_PnsnAdjsSvcCstMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PnsnAdjsPrrSvcCstMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_PnsnAdjsPrrSvcCstMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AggtPnsnAdjsSvcCstMember" xlink:to="loc_ecd_PnsnAdjsPrrSvcCstMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_EqtyAwrdsAdjsMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_EqtyAwrdsAdjsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AllAdjToCompMember" xlink:to="loc_ecd_EqtyAwrdsAdjsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_EqtyAwrdsInSummryCompstnTblForAplblYrMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_EqtyAwrdsInSummryCompstnTblForAplblYrMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsMember" xlink:to="loc_ecd_EqtyAwrdsInSummryCompstnTblForAplblYrMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsMember" xlink:to="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:to="loc_ecd_YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:to="loc_ecd_ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:to="loc_ecd_VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:to="loc_ecd_ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:to="loc_ecd_FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:to="loc_ecd_DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_MeasureAxis" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_MeasureAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PvpTable" xlink:to="loc_ecd_MeasureAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PvpTableTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_PvpTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PvpTableTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_CoSelectedMeasureName" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_CoSelectedMeasureName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_CoSelectedMeasureName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NamedExecutiveOfficersFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_NamedExecutiveOfficersFnTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_NamedExecutiveOfficersFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PeerGroupIssuersFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_PeerGroupIssuersFnTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PeerGroupIssuersFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ChangedPeerGroupFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_ChangedPeerGroupFnTextBlock"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_ChangedPeerGroupFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PeoTotalCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_PeoTotalCompAmt"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PeoTotalCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PeoActuallyPaidCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_PeoActuallyPaidCompAmt"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PeoActuallyPaidCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AdjToPeoCompFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AdjToPeoCompFnTextBlock"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_AdjToPeoCompFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonPeoNeoAvgTotalCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_NonPeoNeoAvgTotalCompAmt"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_NonPeoNeoAvgTotalCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonPeoNeoAvgCompActuallyPaidAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_NonPeoNeoAvgCompActuallyPaidAmt"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_NonPeoNeoAvgCompActuallyPaidAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AdjToNonPeoNeoCompFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AdjToNonPeoNeoCompFnTextBlock"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_AdjToNonPeoNeoCompFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_EquityValuationAssumptionDifferenceFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_EquityValuationAssumptionDifferenceFnTextBlock"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_EquityValuationAssumptionDifferenceFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_CompActuallyPaidVsTotalShareholderRtnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_CompActuallyPaidVsTotalShareholderRtnTextBlock"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_CompActuallyPaidVsTotalShareholderRtnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_CompActuallyPaidVsNetIncomeTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_CompActuallyPaidVsNetIncomeTextBlock"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_CompActuallyPaidVsNetIncomeTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_CompActuallyPaidVsCoSelectedMeasureTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_CompActuallyPaidVsCoSelectedMeasureTextBlock"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_CompActuallyPaidVsCoSelectedMeasureTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TotalShareholderRtnVsPeerGroupTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_TotalShareholderRtnVsPeerGroupTextBlock"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_TotalShareholderRtnVsPeerGroupTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_CompActuallyPaidVsOtherMeasureTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_CompActuallyPaidVsOtherMeasureTextBlock"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_CompActuallyPaidVsOtherMeasureTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TabularListTableTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_TabularListTableTextBlock"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_TabularListTableTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TotalShareholderRtnAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_TotalShareholderRtnAmt"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_TotalShareholderRtnAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PeerGroupTotalShareholderRtnAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_PeerGroupTotalShareholderRtnAmt"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PeerGroupTotalShareholderRtnAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_CoSelectedMeasureAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_CoSelectedMeasureAmt"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_CoSelectedMeasureAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_OtherPerfMeasureAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_OtherPerfMeasureAmt"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_OtherPerfMeasureAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AdjToCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AdjToCompAmt"/>
    <link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_AdjToCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PeoName" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_PeoName"/>
    <link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PeoName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_MeasureName" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_MeasureName"/>
    <link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_MeasureName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonGaapMeasureDescriptionTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_NonGaapMeasureDescriptionTextBlock"/>
    <link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_NonGaapMeasureDescriptionTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_Additional402vDisclosureTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_Additional402vDisclosureTextBlock"/>
    <link:presentationArc order="29" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_Additional402vDisclosureTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PnsnBnftsAdjFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_PnsnBnftsAdjFnTextBlock"/>
    <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PnsnBnftsAdjFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_EqtyAwrdsAdjFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_EqtyAwrdsAdjFnTextBlock"/>
    <link:presentationArc order="31" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_EqtyAwrdsAdjFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" xlink:type="simple" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#InsiderTradingArrangements"/>
  <link:presentationLink xlink:role="http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ecd_InsiderTradingArrLineItems" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_InsiderTradingArrLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TradingArrByIndTable" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_TradingArrByIndTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TradingArrByIndTable" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TradingArrAxis" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_TradingArrAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_TradingArrByIndTable" xlink:to="loc_ecd_TradingArrAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllTradingArrangementsMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AllTradingArrangementsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_TradingArrAxis" xlink:to="loc_ecd_AllTradingArrangementsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_IndividualAxis" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_IndividualAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_TradingArrByIndTable" xlink:to="loc_ecd_IndividualAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllIndividualsMember" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_AllIndividualsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_IndividualAxis" xlink:to="loc_ecd_AllIndividualsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_MtrlTermsOfTrdArrTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_MtrlTermsOfTrdArrTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_MtrlTermsOfTrdArrTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrIndName" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_TrdArrIndName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrIndName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrIndTitle" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_TrdArrIndTitle"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrIndTitle" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_Rule10b51ArrAdoptedFlag" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_Rule10b51ArrAdoptedFlag"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_Rule10b51ArrAdoptedFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonRule10b51ArrAdoptedFlag" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_NonRule10b51ArrAdoptedFlag"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_NonRule10b51ArrAdoptedFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrAdoptionDate" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_TrdArrAdoptionDate"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrAdoptionDate" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_Rule10b51ArrTrmntdFlag" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_Rule10b51ArrTrmntdFlag"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_Rule10b51ArrTrmntdFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonRule10b51ArrTrmntdFlag" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_NonRule10b51ArrTrmntdFlag"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_NonRule10b51ArrTrmntdFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrTerminationDate" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_TrdArrTerminationDate"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrTerminationDate" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrExpirationDate" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_TrdArrExpirationDate"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrExpirationDate" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrDuration" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_TrdArrDuration"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrDuration" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrSecuritiesAggAvailAmt" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_TrdArrSecuritiesAggAvailAmt"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrSecuritiesAggAvailAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://xbrl.sec.gov/ecd/role/InsiderTradingPoliciesProc" xlink:type="simple" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#InsiderTradingPoliciesProc"/>
  <link:presentationLink xlink:role="http://xbrl.sec.gov/ecd/role/InsiderTradingPoliciesProc" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ecd_InsiderTradingPoliciesProcLineItems" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_InsiderTradingPoliciesProcLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_InsiderTrdPoliciesProcAdoptedFlag" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_InsiderTrdPoliciesProcAdoptedFlag"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingPoliciesProcLineItems" xlink:to="loc_ecd_InsiderTrdPoliciesProcAdoptedFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_InsiderTrdPoliciesProcNotAdoptedTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_InsiderTrdPoliciesProcNotAdoptedTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingPoliciesProcLineItems" xlink:to="loc_ecd_InsiderTrdPoliciesProcNotAdoptedTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
