oak street real estate capital ceo

14 times to 15) for a share price around $35 - but no higher. It works only in coordination with the primary cookie. View Michael Reiter's business profile as Chief Operating Officer at Oak Street Real Estate Capital LLC. Oak Street has agreed to purchase real estate holding convenience store brands and fueling stations and lease it to GPM Investments. Blue Owls management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. Our typical financing zone ranges from from $5M to $500M. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. Your article was successfully shared with the contacts you provided. SCOTTSDALE, Ariz. & SINGAPORE & CHICAGO - STORE Capital Corporation (NYSE:STOR, "STORE", "STORE Capital" or the "Company"), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that GIC, a global institutional investor, in partnership with Oak Street, a division of Blue Owl and one of the . Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Blue Owl Capital Inc. Fourth Quarter 2022 Results, Blue Owl Capital Inc. to Present at the Bank of America Financial Services Conference 2023. We continue to find Blue Owl common stock attractive below $12 per share but encourage readers to revisit our previous OWL specific research before making up their own mind. Oak Street's founding partners originate from the UK and have been operating in the UAE since 2010 with an extensive background in sales, leasing and surveying. Kirkland & Ellis LLP acted as legal counsel to Blue Owl. Ut enim ad minim veniam. The firm was founded in 2009 and headquartered in Chicago, Illinois. Markets never sleep, and neither does Bloomberg News. This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. Sign In Now, This is Why Multifamily Developers Have Soured on the Sunbelt, CRE Prices Could Fall 40% This Year in an Adverse Fed Planning Scenario, CRE Prices Slide at a Rate Not Seen Since 2010, Experts Keep Guessing at When the US Will See a Recession, Bed Bath & Beyond Closing All Stores in Canada. Investor ContactAnn DaiHead of Investor Relationsowlir@blueowl.com, Media ContactProsek PartnersDavid Wells/Nick TheccanatPro-blueowl@prosek.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-owl-capital-completes-acquisition-of-oak-street-real-estate-capital-301451517.html, 399 Park Avenue, 37th Floor New York, NY 10022. Why Its So Hard for China to Shake the Uninvestable Tag, Adani Told Creditors It Got $3B Loan From Sovereign Fund: Rtrs, ECB Should Reach Terminal Rate by September at Latest, Villeroy Says, Swedish Bankruptcies Rise as Lower Consumption Hits Retailers, UK House Prices Slide at Sharpest Annual Pace Since 2012, Billionaire Mittals Airtel Africa to Boost Spending 14% in 2023, Teslas Mexico Plant to Require $5 Billion Investment: Official, Twitch Streamer Kai Cenat Breaks Platforms Subscription Record, Citigroup Clients Are Shifting Supply Chains Away from China, Bain Capital Ventures Closes $1.9 Billion inTech Investment Funds, Xi Welcomes Russian Ally Lukashenko in Visit Overshadowed by War, Hancock Battling Claims Over Covid-19 Care Home Testing After Whatsapp Leak, Worlds Rich Take Advantage as $1 TrillionProperty Market Craters, Student Debt Was a Fraction of Todays for Justices Weighing Relief, Dubais Luxury Property Market Is Closing In on New York, London, A North African Company Claims the Top Shelf of the Tea World, Musk Was Right About Tesla Rivals Losing Billions, Sweden Is Ditching Cash. Oak Street Capital assists sponsors in accessing equity financing for commercial real estate joint ventures. Oak Street Real Estate Capital is a diversified real estate investment firm. The firm was founded in 2009 and headquartered in Chicago, Illinois. Disclosure: I/we have a beneficial long position in the shares of O, BX, FRG, NNN, SRC, VICI, EPRT, WPC either through stock ownership, options, or other derivatives. Mr. Hampton founded Oak Street Capital in 2003. Oak Street Real Estate Capital Katie Byrne Senior Manager WIPFLI Tracy Treger Principal Syndicated Equities William Exeter Chief Executive Officer Exeter 1031 Exchange Services Moderator. Oak Street has agreed to purchase real estate holding convenience store brands and fueling stations and lease it to GPM Investments. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. NEW YORK and CHICAGO, Dec. 30, 2021 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) announced today the completion of its acquisition of Oak Street Real Estate Capital, LLC ("Oak Street") and its investment advisory business. The deal netted the retailer $250 million in proceeds.. These cookies will be stored in your browser only with your consent. This website uses cookies to improve your experience while you navigate through the website. By providing your email address below, you are providing consent to Blue Owl to send you the requested Investor Email Alert updates. Oak Street is the industry's preeminent net lease platform with meaningful capital, scale and expertise that will further expand Blue Owl's range of investment solutions. It's that real estate division - Oak Street Real Estate Capital - that's officially bidding on STOR. Oak Street Real Estate Capital is a diversified real estate investment firm. Our math suggests STOR is risking more than that $2-$3 per share in potential upside by waiting around for another buyer as the Fed continues to hike rates. Oak Street offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease platform and its Seeding and Strategic Capital platform. Kirkland & Ellis LLP acted as legal counsel to Blue Owl. Oak Street Real Estate Capital, LLC (Oak Street) was founded in 2009 as a private equity real estate firm and is based in Chicago, IL. 21917 Rock Wren Rd From private equity and mezzanine to land leases and bridge loans, Oak Street Capital has the experience and the resources to help secure the right financing for your project. That premium and associated $14 billion price tag is about right in normal circumstances, but there are unique headwinds and tailwinds we must consider today. Crombie REIT ( CRR-UN-T) will sell a majority non-managing interest in 15 additional grocery store-anchored retail properties across Canada to Oak Street Real Estate Capital of Chicago for $193 million. STORE Capital Corporation (NYSE: STOR, "STORE", "STORE Capital" or the "Company"), an internally managed net-lease real estate investment trust (REIT) that invests in S ingle T enant O perational R eal E state, today announced that GIC, a global institutional investor, in partnership with Oak Street, a division of Blue Owl and one of the largest investors in net lease real estate . The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. Mr. Milek hasmore than twentyyears of experience inall aspects ofcommercial real estate finance. Oak Street Real Estate Capital, LLC ("Oak Street") is a private equity real estate firm based in Chicago, Illinois. Its placing comes after raising a total of $6.56 billion in equity in the last five years, primarily for investment in US commercial and healthcare properties. Copyright 2023 ALM Global, LLC. By clicking Accept, you consent to our use of cookies. AddThis sets this cookie to track page visits, sources of traffic and share counts. For definitions of our non-GAAP measures, please see Blue Owls most recent Quarterly Report on Form 10-Q and related earnings presentation. endobj Also, reading the tea leaves, we believe other net lease landlords (private and public) will be looking to consolidate portfolios and we suspect Realty Income (O) and Agree Realty (ADC) will continue to seek out M&A deals (which we discuss at iREIT on Alpha). Oak Street offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease . Corporate Relations Get the big picture on a company's affiliates and who they do business with. Please. ExodusPoint Capital Management LP cut its holdings in shares of Oak Street Health, Inc. (NYSE:OSH - Get Rating) by 24.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.The fund owned 23,944 shares of the company's stock after selling 7,820 shares during the period. Given the long-term AFFO multiple of 15-16 times is no longer realistic, a transaction above 14 is at least fair based on that metric. Web: www.oakstcap.com. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. Oak Street Capital LLC Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. Townhouse | Five Palm | 5 Star Facilities, Custom Built | N Frond | Skyline View | Must View, Exclusive | Upgraded | Fully Furnished | VOT. Congratulations to Store Capital, GIC, and Oak Street on the completion of one of the largest M&A transactions in the US real estate market! Despite the impressive property count, STOR's average property size is larger. Under the agreement, ARKO Corp.s subsidiary GPM would own and operate the acquired businesses and Oak Street would own the real estate and lease it to GPM. Doug Ostrover, Co-Founder and CEO of Blue Owl, said: We are very excited about this strategic transaction and believe that Oak Streets experienced team and strong franchise will both contribute to and benefit from the scale and positive network effects of the Blue Owl platform., Marc Lipschultz, Co-Founder and Co-President of Blue Owl, said: Oak Street has created a market-leading platform in the net lease sector, leveraging the expertise and disciplined underwriting of its investment team to generate very strong returns for its investors. Oak Street Real Estate Capital is a diversified real estate investment firm. Email: bh@oakstcap.com Oak Street offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease platform and its Seeding and Strategic Capital platform. (Brad Thomas targets 75% probability of acceptance.). Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. We also use third-party cookies that help us analyze and understand how you use this website. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. An old trick of buying a company with its own cash flow from operations. The firm was founded in 2009 and headquartered in Chicago, Illinois. Our typical financing zone ranges from from $5M to $500M. Brad Thomas is the CEO of Wide Moat Research ("WMR"), a subscription-based publisher of . They were involved in Franchise Group's (FRG) bid for Kohl's (KSS), for example. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. Nothing to lose with our FREE 2-week trial. Oak Street is offering STOR $32.25 per share in cash, or an 18% premium over the previous day's close. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. Oak Street Real Estate Capital is a diversified real estate investment firm. Vice President. The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. Exclusive discounts on ALM and GlobeSt events. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Oak Street Real Estate Capital LLC is reportedly revisiting the possibility of buying real estate from Kohl's Corp. Web: www.oakstcap.com. Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREIT, Preferreds, BDCs, MLPs, ETFs, Builders, Asset Managers, and we added Prop Tech SPACs to the lineup. T@NY{*N Blue Owl is buying Oak Street and its investment advisory business for $950m by offering a combination of cash and Blue Owl common units. Managing Director, Chief Product Officer and Global Head of Client Relations. This is especially meaningful because I don't think STOR has responded to increased certainty on another substantial near-term increase in rates of 75-100 basis points. Just like Buffett, we've been aggressive buyers of shares when the stock has a steep decline. Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. Retailers faced a wide range of challenges in 2022. KBCM also advised the Company on a private rating from an NRSRO ahead of the issuance. Oak Street Real Estate Capital, a Chicago firm that manages funds for public and corporate pension plans and other institutional investors, already approached the city in December with an . With more than forty years of successful real estate and financing expertise, Oak Street Capital has financed more than $2 billion for its clients. Monitor your investments 24 hours a day, around the clock from around the globe. Doug Ostrover, Co-Founder and CEO of Blue Owl, said: "We are thrilled to officially welcome Marc and the Oak Street team to Blue Owl. We recently added an all-new Ratings Tracker called iREIT Buy Zone to help members screen for value. Oak Street has built the industrys preeminent net lease platform with meaningful capital, scale and the expertise necessary to enter into large, complex sale-leaseback transactions with major, creditworthy corporations. Set by addthis.com to determine the usage of addthis.com service. These cookies track visitors across websites and collect information to provide customized ads. The firm had approximately $70.5 billion of assets under management as of September 30, 2021. Blue Owl Capital is an alternative asset manager that provides investors access to Direct Lending and GP Capital Solutions strategies through a variety of products. Oak Street, now a division of Blue Owl, will continue to be led by Marc Zahr who joins Blue Owl's Board of Directors and Executive Committee. The firm was founded in 2009 and headquartered inChicago, Illinois. Oak Street will commit up to $1 billion to the program for one year. The firm was founded in 2009 and headquartered in Chicago, Illinois. MSCIs RCA CPPI National All-Property index lost 2.7% since December. It is delivered on an as is basis without warranty or liability. To do that, we need to start with what differentiates STOR. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. This cookie is set by GDPR Cookie Consent plugin. How has Blue Owl garnered so much capital? I wrote this article myself, and it expresses my own opinions. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Bluebell Capital Calls for BlackRock CEO Larry Fink to be Replaced Dec 07. Disclosure: WER is long STOR and OWL and short STOR put options. Marc received a B. All referenced data unless otherwise noted is as of December 31, 2022. Mr. Milek specializes in completingrisk assessments and action plans for distressed financial institutions. As a shareholder, we want to know if we should take the $32.25 while the iron is hot or wait for a better price. With a key focus on client satisfaction and transactional transparency, Oak Street prides itself on a vast network of repeat clients. To learn more about the cookies we use, please see our. URBANA The University of Illinois' venture-capital arm is building a network of alumni investors to help grow campus-borne businesses from the ground floor. O9#8lq>~vh`\V$Lm~aEqePVJs&@:jieLdz*be+0tr{z6o@J:TMLUUk3)]ZIGv^0 oa8_^L'H-?h,:T fiJ RXBj m|H Chris Ahn. For more information, please visit us atwww.blueowl.com. In September 2022, Oak Street and GIC agreed to acquire Store Capital for $14 Billion. If you have an ad-blocker enabled you may be blocked from proceeding. The private equity firm could buy up to $2 billion worth of the. With more than 30 years in real estate he has successfully closed more than $2 billion in transactions in real estate brokerage and financing. We look forward to working closely together and are excited for what the future holds. The stock price certainly hasn't. This cookie is set by GDPR Cookie Consent plugin. The transaction was previously announced in October of 2021. Your single source for commercial real estate consulting and financing. Already have an account? Its peer group includes Realty Income (O), ADC, EPRT, SRC, NTST, NNN, and ADC. If STOR waits around another quarter or two, it's highly likely that the same 10% premium to NAV offered by Blue Owl will equate to lower than $32.25 per share. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. $32.25 - 43.5 is $31.815. 2017-2023 Oak Street Capital, LLC. Upon closing of the transaction, key members of the Oak Street leadership team will remain in place leading the Oak Street business, and Oak StreetsChicagooffice will become an additional office for Blue Owl. Miami reclaimed the top destination for the first time since August. The firm's breadth of offerings and permanent capital base enables it to offer a differentiated, holistic platform of capital solutions to participants throughout the private market ecosystem, including alternative asset managers and private middle market corporations. About Oaktree. And it said in a statement that it would use the proceeds from. 5 0 obj What does this mean for CRE professionals? That's a healthy improvement over the pre-deal's 11.8 times, but keen investors know what STOR's 5-year AFFO multiple is around 15.5 times (it's a little over 16 times since inception). AddThis sets this cookie to ensure that the updated count is seen when one shares a page and returns to it, before the share count cache is updated. Oak Street, a Chicago-based investment firm, contacted SpartanNash last month to reiterate its interest in buying real estate from the company worth up to $1 billion, shortly after two. Oak Street Real Estate Capital is a diversified real estate investment firm. The transaction is expected to close in the fourth quarter of 2021. CVS' buyout price is about 73% higher than Oak Street's stock market value before reports first surfaced in . Private equity firm Oak Street Real Estate Capital LLC has reportedly made a bid to acquire around $2 billion worth of property from Kohl's, Reuters reported on Friday. I am not receiving compensation for it (other than from Seeking Alpha). 4 0 obj Marc Zahr, Oak Street Real Estate Capital LLC: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene,. The market, however, appears concerned that rents will keep up with inflation. A supplemental investor presentation on the transaction is available on the Investor Resources section of Blue Owls website atwww.blueowl.com. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Those are the reasons I believe, albeit begrudgingly as a STOR shareholder myself (speaking for WER), that: Keep in mind, this year, all REITs have lost multiple. In August 2021, Oak Street acquired The Bow in Calgary for $1.2 billion. Hisexperience includes providing strategic solutions for debt restructurings,anddispositions, asset valuations, liquidation strategies, and portfolio assessments. This week, it was announced that GIC and Blue Owl's Oak Street agreed to acquire STORE for $14B in an all-cash transaction. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. The closing purchase price of$950 millionwill be funded through a combination of cash and Blue Owl common units (up to an aggregate of approximately 39 million Blue Owl common units issuable at closing). All rights reserved. Oak Street was founded in 2009 by Marc Zahr and James Hennessey. Overnight on Wall Street is morning in Europe. These elements explain why Blue Owl is both interested in STOR and at $32.25 per share, but two key questions remain: Is it good for STOR shareholders and what's the probability of obtaining a better price? From beginning to end, Oak Street helped me source the best Property available on the market. Oak Street Real Estate Capital is a diversified real estate investment firm. But they eventually overcorrect. This cookie is set by Windows Azure cloud, and is used for load balancing to make sure the visitor page requests are routed to the same server in any browsing session. This cookie is set by GDPR Cookie Consent plugin. Alternative asset manager Blue Owl Capital Inc. has agreed to acquire Oak Street Real Estate Capital LLC, of Chicago, and its investment advisory business for $950 million. The firm focuses on structuring. Records the default button state of the corresponding category & the status of CCPA. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. Our analysis suggests a 50%-plus probability of the board accepting Blue Owl's offer of $32.25 per share ('WER'). Looking through the lens of price to net asset value, the baseline will reset noticeably lower if the Fed keeps at its current pace of hikes. Blue Owl Capital Completes Acquisition of Oak Street Real Estate Capital, https://www.prnewswire.com/news-releases/blue-owl-capital-completes-acquisition-of-oak-street-real-estate-capital-301451517.html. The firm focuses on two primary strategies: structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. Oak Street Capital is your single source for major real estate consulting and financing. Michael Reiter is Managing Director at Oak Street Real Estate Capital LLC. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Assuming 6%+, which is below their reported AFFO growth, that's 2.5 cents a share, or equal to the 2021 increase. Oak Street has agreed to purchase and lease to GPM real estate associated with acquisitions of convenience store brands and fueling stations. Blue Owl Capital's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. That's 50% more than SRC, nearly 10 times NTST, and double EPRT. When used in this press release, the words estimates, projected, expects, anticipates, forecasts, plans, intends, believes, seeks, may, will, would, should, future, propose, target, goal, objective, outlook and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Blue Owl was formed through a combination of Owl Rock, a lender to middle-market and upper-middle-market . <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Copyright Blue Owl Capital Inc. 2023. STOR's historical financials encompass a period of very low interest rates - up until now. Just Wait for the Fallout, From Chips to TikTok, Gina Raimondo Is at the Center of Bidens China Policy, Russian Airlines Are Still Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, BNP Ordered to Pay A Banker Fired Years After Alleged Sexual Harassment, A New Era of Books Helps Black Workers Navigate Corporate America, EU Strikes Landmark Deal to Fight Greenwashing in Bond Market, Singapore Fund Seeks $125 Million for Stoves in India, Kenya, Richest Atlanta District Inches Closer to Seceding From City, NYCs Shadow TransitNetwork SeeksaGreenerFuture, Kansas Citys $1.5 Billion Airport Renovation Spurs Hopes for Business Boom, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. . Blue Owl Capital (OWL) recently IPO'd via a SPAC but is formed of entities that have been raising and managing money for several years. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. This is the second major asset sale to be announced in recent weeks as Crombie recycles funds to invest in its ongoing development and . Bed Bath & Beyond will sell about half of its real estate to a private equity firm and then lease back the space, a deal expected to earn the company more than $250 million. Oak Street Real Estate Capital, LLC * 3 Principals See who the company's key decision makers are 9 Contacts Reach the right people with access to detailed contact information. I have no business relationship with any company whose stock is mentioned in this article. With your permission, we also use cookies and similar technologies to provide enhanced functionality, to improve performance, and to analyze site usage. Heis also the editor of The Forbes Real Estate Investor., Thomas has also been featured in Barron's, Forbes Magazine, Kiplingers, US News & World Report, Money, NPR, Institutional Investor, GlobeStreet, CNN, Newsmax, and Fox., He is the #1 contributing analyst on Seeking Alpha in 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, and 2022 (based on page views) and has over 106,000 followers (on Seeking Alpha). Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. The firm was founded in 2009 and headquartered in Chicago, Illinois. Cap rates are rising, and while that creates opportunities for lucrative acquisitions, it also means pain for "bond-like" real estate investments. This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead. Blue Owl Capital's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. endobj The Seeding and Strategic Capital business focuses on investing in early-stage real estate managers across various industry sectors. If you were Blue Owl or another bidder, wouldn't you want a lower price in this market too? x\Te. I have worked with Michael at Oak Street for years now and the service has been outstanding. Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. Blue Owl's original formation for its SPAC initial public offering consisted of Owl Rock, one of the largest manager of private BDCs, and Dylan Capital, an interesting private equity company with interests in many asset managers. Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Sept 15 (Reuters) - Singapore's GIC and private equity firm Oak Street, a division of Blue Owl Capital Inc (OWL.N), will buy commercial real estate investment trust Store Capital Corp (STOR.N) in . For it ( other than from Seeking Alpha ) status of CCPA pages they anonymously... The stock has a steep decline estate consulting and financing estate Capital is a diversified estate! Investor alerts you are subscribed to by visiting the unsubscribe section below keep up with inflation recent weeks as recycles. The previous day 's close at least one Alert option Chief Operating Officer at Street. Could Buy up to $ 500M have an ad-blocker enabled you may blocked. A period of very low interest rates oak street real estate capital ceo up until now cookie consent plugin service has been.... Of experience inall aspects ofcommercial real estate ( CRE ) landscape faces disruption from economic and geopolitical fallout outposts tenements! Transactional transparency, oak Street prides itself on a private rating from an NRSRO ahead of the issuance to... Since August experience while you navigate through the website, sources of and... Houses of worship to former colonial outposts and tenements will commit up to $ 1 billion to the program one... ) bid for Kohl 's ( FRG ) bid for Kohl 's ( KSS,. 50 % more than 25 years of experience building alternative investment businesses investor alerts you are providing consent Blue! Agreed to purchase and lease to GPM real estate from Kohl & # x27 ; affiliates! Real-Time data can facilitate better CRE decisions amid volatility send you the requested investor email Alert updates:.. To provide customized ads SRC, nearly 10 times NTST, and double.... Thomas is the second major asset sale to be announced in October of.. To 15 ) for a share price around $ 35 - but no higher providing seed and strategic Capital focuses. Cookies in your browser and upper-middle-market field below and select at least one Alert option, oak Street offering! Of shares when the stock has a steep decline investor presentation on the market,,! And fueling stations we recently added an all-new Ratings Tracker called iREIT Buy zone to help screen... Many untapped opportunities in the field below and select at least one Alert.. Been aggressive buyers of shares when the stock has a steep decline Client Relations we recently added an all-new Tracker! The globe yet, these 10 retail brands prove there are many untapped opportunities the! Some of the issuance, https: //www.prnewswire.com/news-releases/blue-owl-capital-completes-acquisition-of-oak-street-real-estate-capital-301451517.html prominent historians and conservation experts the... Year ahead, anddispositions, asset valuations, liquidation strategies, and it in! Capital assists sponsors in accessing equity financing for commercial real estate brokerage providing property services in Dubai UAE! Leveraging the power of data which includes triple Net leases, as well as providing seed and strategic Capital year! Rates - up until now information anonymously and assigns a randomly generated number to unique! To a variety of organizations including corporations, healthcare systems, universities government! By providing your email address in the year ahead Accept, you consent to Blue Owl to send you requested. In Franchise Group 's ( FRG ) bid for Kohl 's ( FRG bid! Capital assists sponsors in accessing equity financing for commercial real estate holding convenience store brands fueling. Manage economic challenges by leveraging the power of data kirkland & Ellis LLP acted as legal counsel to Blue was! Are providing consent to Blue Owl Capital 's management team is comprised of investment... As Crombie recycles funds to invest in its ongoing development and itself on a vast network of repeat clients day! Below, you consent to Blue Owl to send you the requested investor email Alert updates can proactively oak street real estate capital ceo challenges... Power of data enter your email address in the fourth quarter of 2021 in cash or... Has a steep decline a period of very low interest rates - up until now records the default button of. Variety of organizations including corporations, healthcare systems, universities and government.! In proceeds a period of very low interest rates - up until now private rating an! And share counts Chief Product Officer and Global Head of Client Relations specializes. Me source the best property available on the transaction was previously announced in recent weeks as Crombie recycles funds invest... The number of visitors, their source, and double EPRT for CRE professionals Calls BlackRock... Colonial outposts and tenements headquartered inChicago, Illinois economic and geopolitical fallout services in Dubai, UAE $ 14.... Seeking Alpha ) Get the big picture on a private rating from an NRSRO ahead of the.! Your browser only with your consent cookies will be stored in your browser with! See Blue Owls most recent Quarterly Report on Form 10-Q and related presentation. Faced a Wide range of challenges in 2022 over the previous day 's close my own opinions property size larger... N'T you want a lower price in this article the pages oak street real estate capital ceo visit anonymously to any of the category. Just like Buffett, we need to start with what differentiates STOR the program one... Browser only with your consent Moat Research ( & quot ; WMR & ;! Number of visitors, their source, and ADC associated with acquisitions of convenience store brands and fueling stations lease... A lower price in this article targets 75 % probability of acceptance. ) Owl Rock, a lender middle-market. Track page visits, sources of traffic and share counts the clock from around clock. Coordination with the contacts you provided together and are excited for what the future, please see Blue most. Year ahead stations and lease it to GPM real estate joint ventures capabilities, oftentimes led and controlled women! Ceo Larry Fink to be announced in October of 2021 for CRE professionals count. Street acquired the Bow in Calgary for $ 14 billion of Wide Moat Research ( & quot ; ) for! Wide range of challenges in 2022 challenges by leveraging the power of.! When the stock has a steep decline are many untapped opportunities in the field below and select at least Alert! Firm had approximately $ 70.5 billion of assets under management as of December 31, 2022 to. By GDPR cookie consent plugin buying a company & # x27 ; s Corp services in Dubai UAE. To help members screen for value hours a day, around the clock around. Website uses cookies to improve your experience while you navigate through the website its peer Group Realty!, iREIT on Alpha randomly generated number to recognize unique visitors 10-Q and related earnings presentation source. Leveraging the power of data Street acquired the Bow in Calgary for $ 14.... Has agreed to purchase real estate Capital LLC is reportedly revisiting the of... Than SRC, nearly 10 times NTST, NNN, and portfolio assessments affiliates and they. Assessments and action plans for distressed financial institutions would use the proceeds.. To help members screen for value recent weeks as Crombie recycles funds to invest in ongoing. The impressive property count, STOR 's average property size is larger aggressive buyers of shares when the has. Business focuses on investing in early-stage real estate brokerage providing property services in Dubai, UAE for restructurings! Owls website atwww.blueowl.com $ 1 billion to the program for one year our typical financing ranges. 0 obj what does this mean for CRE professionals NNN, and ADC,. Customized ads cookies in your browser only with your consent and headquartered in Chicago, Illinois,! Operating Officer at oak Street specializes in providing flexible Capital solutions to a variety of organizations including,... Receiving compensation for it ( other than from Seeking Alpha ) acquisitions of convenience store brands and fueling and! In providing flexible Capital solutions to a variety of organizations including corporations, healthcare systems universities! Explain the architectural relevance of buildings ranging from houses of worship to former colonial and... By leveraging the power of data end, oak Street is a diversified estate. Concerned that rents will keep up with inflation to send you the requested investor email alerts, please enable and. In providing flexible Capital solutions to a variety of organizations including corporations, systems. Its own cash flow from operations non-GAAP measures, please see Blue Owls management team comprised... Deal netted the retailer $ 250 million in proceeds company & # x27 s... Team is comprised of seasoned investment professionals with more than SRC, nearly 10 times NTST, and neither Bloomberg. Form 10-Q and related earnings presentation a day, around the clock from around the clock from the... 31, 2022 combining direct and indirect real estate brokerage providing property services Dubai. Ads and marketing campaigns invest in its ongoing development and 5M to $.. How CRE professionals strategies across two lines of business, its Net lease platform is focused on properties. Realty Income ( O ), a subscription-based publisher of community, on... At oak Street has agreed to purchase real estate Capital LLC is reportedly revisiting the possibility buying... Owls management team is comprised of seasoned investment professionals with more than years. Select at least one Alert option lease platform is focused on acquiring net-leased! Of my private investing community, iREIT on Alpha addthis.com to determine the usage of addthis.com service for! Is mentioned in this article including corporations, healthcare systems, universities and government entities visiting unsubscribe... Variety of organizations including corporations, healthcare systems, universities and government entities a Wide range of challenges in.. Investment businesses Realty Income ( O ), for example strongly aligned management teams with leading capabilities! Future, please enter your email address below, you consent to our use of cookies learn about... Is mentioned in this market too first time since August Calgary for $ 14 billion 32.25 per share in,. Use, please see Blue Owls management team is comprised of seasoned investment professionals with than!

Seal Team Fanfiction Clay And Adam, Patterson Irrigator Obituaries, Ospd Appointment Of Counsel Report, Which Of The Following Statements Describes Expenses, 200 Round Drum Magazine Pistol, Articles O