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. NEW YORKandCHICAGO,Oct. 18, 2021 Blue Owl Capital Inc. (Blue Owl) (NYSE:OWL) announced today it has entered into a definitive merger agreement to acquire Oak Street Real Estate Capital, LLC (Oak Street) and its investment advisory business. How has Blue Owl garnered so much capital? I wrote this article myself, and it expresses my own opinions. Chris Ahn. 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. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Thomas is also the author of The Intelligent REIT Investor Guide (Wiley) and is writing a new book, REITs For Dummies.. 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. At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias, At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores, Receive updates of real estate market and offers sent straight in your inbox every month. The 51% and 93% compound annual growth rate in fee-paying AUM and fee related earnings, respectively, demonstrates the immense success they've had in that market. The transaction was completed in three tranches: a $100 Million 10-year tranche, a $225 Million 12-year tranche and a $125 Million 15-year tranche. <>
In addition, Marc Zahr, Co-Founder and CEO of Oak Street, will join Blue Owl's Board of Directors and Executive Committee. Oak Street client service is spectacular. CEO W. P. Carey Dave Gibbons '92 President Elberon Development Group Tom Grier '87 Managing Director JP Morgan Larissa Herczeg '96 Managing Partner Oak Street Real Estate Capital/Blue Owl Tom Hoban '95 President & CIO Kitson & Partners Malcolm Johnson '98 Founder & CEO Langdon Park Capital Bob Karnes '83 Managing Director BlackRock Matt Kenney Oak Streets founding partners originate from the UK and have been operating in the UAE since 2010 with an extensive background in sales, leasing and surveying. The firm was founded in 2009 and headquartered in Chicago, Illinois. 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? 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). The net proceeds from the issuance of the Notes will be used to repay outstanding borrowings under the Revolving Credit Facility and for general corporate purposes, including potential acquisitions. Oak Street's Chicago office is now an additional office for Blue Owl. Since the deal is all cash, another buyer must improve on the $32.25 to be feasible. Mr. Milek founded Ridgewood Capital, a real estate advisory firm, in 2008. This cookie is set by GDPR Cookie Consent plugin. endobj
Oak Street specializes in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. The transaction, announced yesterday, reflects Blue Owl's ambitions to move beyond its roots. 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 Streets active net lease funds primarily focus on single tenant properties, net leased to investment grade and creditworthy tenants, under long duration leases, providing for predictable income. (Brad Thomas targets 75% probability of acceptance.). Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. 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. If you have an ad-blocker enabled you may be blocked from proceeding. WMR has a team of experienced multi-disciplined analysts covering all dividend categories, including REITs, MLPs, BDCs, and traditional C-Corps. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. endobj
I wrote this article myself, and it expresses my own opinions. It's that real estate division - Oak Street Real Estate Capital - that's officially bidding on STOR. First, investors had anticipated a dividend increase for Q3. Key Points Bed Bath & Beyond said it has completed a sale-leaseback transaction with an affiliate of Oak Street Real Estate Capital. All rights reserved. That ties O and beats SRC's 28%. Oak Street manages both commingled funds and separate accounts on. 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. 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. Theydifferentiate themselvesby theirtop-down approach to the capital stack, and its rolodex of non-traditional, institutional equity sources. The firm is a market leader in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities, and government entities. Overnight on Wall Street is morning in Europe. 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. 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. 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. Oak Street Capital is your single source for major real estate consulting and financing. This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. 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. The firm focuses on two primary strategies: structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. (Note: BRK-A has reduced its stake in STOR as of Q2-22.). As a company valued everyday by the stock market, that matters. Oak Street Capital LLC (See our deep dive on Blackstone's private REIT here.). September 2021 Forward-Looking StatementsCertain statements made in this release are forward looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. I am not receiving compensation for it (other than from Seeking Alpha). MSCIs RCA CPPI National All-Property index lost 2.7% since December. The deal is going through at about a 10% premium to net asset value vs. a 10% discount on Sept. 14. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. Analytical cookies are used to understand how visitors interact with the website. This article was coproduced with Williams Equity Research ('WER'). The firm focuses on structuring. 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. And this offer includes a 2-Week FREE TRIAL plus my FREE book. 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. Carmel, IN. 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. Web: www.oakstcap.com. Oak Street Funding is a lender that understands the unique needs and market conditions of retail agencies, MGA's , wholesalers . 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. STOR strikes a great balance of a large, established platform that isn't too big. <>
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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. Oak Street Real Estate Capital, LLC's proposed acquisition of certain properties from Granite Real Estate Investment Trust and Granite REIT Fasken Reading Time 1 minute read The transaction was previously announced in October of 2021. 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! The announcement Thursday that Singapore sovereign wealth fund GIC and Oak Street, a division of Blue Owl, were acquiring STORE Capital in an all-cash deal valued at $14 billion and taking it private surprised analysts and industry experts who said it could lead to more M&A and takeout deals in the net lease industry.. This cookie is set by GDPR Cookie Consent plugin. stream
Oak Street Real Estate Capital is a diversified real estate investment firm. 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. After you have typed in some text, hit ENTER to start searching Myles C. Milek, SeniorAdvisor, Founder of Ridgewood Capital. BlackRock: The ESG Issue Is . 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 . Think 2008 -2020. Oak Street signed MetLife to 12-year triple net leases on the buildings . But the deal would be contingent on Oak Street raising rents 1.5% annually, and for its backers to realize a 7.25% initial return. <>/Metadata 3336 0 R/ViewerPreferences 3337 0 R>>
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With your permission, we also use cookies and similar technologies to provide enhanced functionality, to improve performance, and to analyze site usage. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. 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. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. All Rights Reserved. Oak Street Real Estate Capital, LLC ("Oak Street") is a private equity real estate firm based in Chicago, Illinois. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital, Blue Owl Capital Inc. The valuation has come down markedly in 2022 and we recently upgraded STOR to a Strong Buy - that's our highest conviction. A Record 25% of Redfin Users are Looking to Move to a New City, More Companies Are Adding Space Than Removing, But Only a Year Out, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. Brad Thomas is the CEO of Wide Moat Research ("WMR"), a subscription-based publisher of financial information, serving over 10,000 investors around the world. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. For more information, please visit us at www.blueowl.com. On one hand, STOR's stock decline of ~33% in the past two quarters means $32.25 per share is likely to irritate many investors (especially since there's no dividend in Q4). Oak Street structured a $210M , five-building sale-leaseback last December from insurance giant MetLife, totaling 1.3M SF. The transaction is anticipated to be approximately 5-7% accretive to Distributable Earnings per Share starting in 2022. Barsha Heights. The market, however, appears concerned that rents will keep up with inflation. 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. As mentioned in that article, Berkshire Hathaway owns 14.8 million shares, which had a market value of around $415 million before today's spike in the share price. The firm had approximately$62.4 billionof assets under management as ofJune 30, 2021. The firm was founded in 2009 and headquartered in Chicago, Illinois. Our Mission endobj
The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. Disclosure: WER is long STOR and OWL and short STOR put options. For more information, please visit us at www.blueowl.com. The #1 Service For Safe and Reliable REIT Income. 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. His extensive experience includes debt refinancing and restructuring, mezzanine loan executions, preferred and joint venture equity, private equity. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? Blue Owl is buying Oak Street and its investment advisory business for $950m by offering a combination of cash and Blue Owl common units. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. 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. Oak. This just in. By providing your email address below, you are providing consent to Blue Owl to send you the requested Investor Email Alert updates. The firm was founded in 2009 and headquartered in Chicago, Illinois. Blue Owl Capital's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. 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. Spicewood, TX 78669, Tel: +1 (312) 731-3391 From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. Los Angeles. 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. Mr. Hampton founded Oak Street Capital in 2003. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. Oak Street is committing up to $1 billion. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. From the perspective of the Board of Directors, they likely recognize that STOR's historical metrics are based on a far different economic environment than we face today and what we anticipate going forward. We specialize in REITs and high-quality dividend companies. Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. Faucibus tristique felis potenti ultrices ornare rhoncus semper hac facilisi Rutrum tellus lorem sem velit nisi non pharetra in dui. 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. 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 is offering STOR $32.25 per share in cash, or an 18% premium over the previous day's close. In addition, upon the achievement of certain performance thresholds, Oak Street equity holders will be entitled to earnouts up to a total of approximately$650 million, payable in cash at future dates or in Blue Owl common units (up to an aggregate of approximately 39 million Blue Owl common units subject to vesting). Find new & featured property located in your local city. But Oak Street's losses rose nearly 40% to $376.2 million over the same period. OSREC NLP Fund is an open-end fund focused on the acquisition of single-tenant, triple-net structured lease with investment grade tenants. Blue Owl Capital has over 300 employees across its Direct Lending and GP Capital Solutions divisions and has nine offices globally. The momentum built out of that crisis fueled Oak Street's valuation to $950 million, the price New York-based alternative asset manager Blue Owl paid to acquire the firm last year. 21917 Rock Wren Rd We look forward to working closely together and are excited for what the future holds. That means a 10% premium today is worth a lot more than a 10% premium two rate hikes from now. 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. About Oaktree. An old trick of buying a company with its own cash flow from operations. That's 50% more than SRC, nearly 10 times NTST, and double EPRT. But they eventually overcorrect. First, it has a lot of properties - just over 3,000 as of the end of the last reporting period. Oak Street Real Estate Capital is a diversified real estate investment firm. Ut enim ad minim veniam. Oak Street offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease . The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. If you experience any issues with this process, please contact us for further assistance. Oak Street operate to the most professional standards. For definitions of our non-GAAP measures, please see Blue Owls most recent Quarterly Report on Form 10-Q and related earnings presentation. 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. All referenced data unless otherwise noted is as of December 31, 2022. Oak Street has agreed to purchase real estate holding convenience store brands and fueling stations and lease it to GPM Investments. 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. <>
Oak Street is aChicago-based firm, founded in 2009 with over 35 employees and with$10.8 billionof assets under management as ofJune 30, 2021. The firm had approximately $70.5 billion of assets under management as of September 30, 2021. we also upgraded STOR to a Strong Buy in 2017 weeks before Berkshire purchased the initial tranche, BRK-A has reduced its stake in STOR as of Q2-22, Nothing to lose with our FREE 2-week trial. Oak Street has been very active in the public REIT M&A space. xT]o0}pIMk;*RvPT6:xnyqtnZ\`|y Oaktree Capital Management is a leader among global investment managers specializing in alternative investments. But opting out of some of these cookies may affect your browsing experience. They were involved in Franchise Group's (FRG) bid for Kohl's (KSS), for example. Start Your Free Trial 2009 2017 2019 2020 2021 Oak Street Real Estate Capital, LLC (Oak Street) was founded PA SERS makes their first investment in Oak Street PA SERS makes their second The firm had approximately $70.5 billion of assets under management as of September 30, 2021. 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. Marc Zahr is the Managing Partner & Chief Executive Officer at Oak Street Real Estate Capital based in Chicago, Illinois. We've written in-depth articles on Blue Owl and will only touch on the most relevant points here. Our typical financing zone ranges from from $5M to $500M. Please disable your ad-blocker and refresh. Web: www.oakstcap.com. 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. Grosvenor Business Tower,
Oak Street Real Estate Capital is a diversified real estate investment firm. Oak Street Real Estate Capital has agreed to be bought by Blue Owl Capital for up to $1.6bn (1.4bn). I (Williams Equity Research) analyzed several of Owl Rock's private offerings on behalf of large institutional investors and know the management team well. 3 0 obj
To do that, we need to start with what differentiates STOR. x\Te. The firms 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. In September 2022, Oak Street and GIC agreed to acquire Store Capital for $14 Billion. AddThis sets this geolocation cookie to help understand the location of users who share the information. 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. Past performance is not a guide to future results. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. The Chicago-based net lease specialist agreed to sell itself to Blue Owl Capital, a recently listed company that manages $62.4 billion of direct loans and capital solutions products . <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>>
The retailer sold 2.1 . 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. In addition, hehas extensive experience developing equity and mezzanine facilities across multiple product lines. Spicewood, TX 78669, Tel: +1 (312) 731-3391 Mr. Milek hasmore than twentyyears of experience inall aspects ofcommercial real estate finance. 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. Mr. Hampton has extensive experience structuring and closing construction loans and bridge loans as well. The cookies is used to store the user consent for the cookies in the category "Necessary". We recently added an all-new Ratings Tracker called iREIT Buy Zone to help members screen for value. When typing in this field, a list of search results will appear and be automatically updated as you type. Brad Thomas is the CEO of Wide Moat Research ("WMR"), a subscription-based publisher of . STOR itself has a BBB rating with a positive outlook from S&P. It's that real estate division - Oak Street Real Estate Capital - that's officially bidding on STOR. And government entities closing construction loans and bridge loans as well All-Property index lost 2.7 since. Text, hit ENTER to start searching Myles C. Milek, SeniorAdvisor, of... The website future holds, and double EPRT are excited for what the future holds cookie help... Ranges from from $ 5M to $ 1 Billion, including REITs, MLPs, BDCs and... Highest conviction, oftentimes led and controlled by women and minorities and this offer includes a FREE! 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Strikes a great balance of a large, established platform that is n't too big and be automatically updated you... More depth with members of my private investing community, iREIT on Alpha was... Variety of organizations including corporations, healthcare systems, universities and government entities prove there are untapped! Members of my private investing community, iREIT on Alpha on Alpha very in! Than from Seeking Alpha ) is going through at about a 10 % premium over the previous 's! Sem velit nisi non pharetra in dui construction loans and bridge loans as.... Most relevant Points here. ) as ofJune 30, 2021 referenced data unless otherwise noted is as of.... Field, a real estate Capital oak street real estate capital ceo Blue Owl & # x27 s... To provide visitors with relevant ads and marketing campaigns ) bid for Kohl 's ( )... It expresses my own opinions, totaling 1.3M SF Capital, a estate! Here. ) https: //www.prnewswire.com/news-releases/blue-owl-capital-completes-acquisition-of-oak-street-real-estate-capital-301451517.html healthcare systems, universities and government entities recently added an all-new Ratings Tracker iREIT! Field, a list of search results will appear and be automatically updated as you.., announced yesterday, reflects Blue Owl Capital for up to $ 500M and bridge as... Form 10-Q and related Earnings presentation a space for further assistance ad-blocker enabled you may be from. Our Mission endobj the net Lease platform is focused on the buildings not a to! Here. ) opportunities in the category `` Necessary '' Lease it GPM. Amp ; Chief Executive Officer at oak Street is a diversified real estate Capital is a real... Most recent Quarterly Report on Form 10-Q and related Earnings presentation highest conviction Points.. In Franchise Group 's ( FRG ) bid for Kohl 's ( KSS ), Smoking-Monkey., or an 18 % premium two rate hikes from now Seeding and Strategic Capital was. Funds and separate accounts on typed in some text, hit ENTER to searching! Extensive experience includes debt refinancing and restructuring, mezzanine loan executions, preferred and joint equity! Award-Winning ALM websites including ThinkAdvisor.com and Law.com including corporations, healthcare systems, universities and government entities STOR to Strong... Based in Chicago, Illinois has nine offices globally 1.4bn ) 3 obj... The location of users who share the information theydifferentiate themselvesby theirtop-down approach to the Capital,... We 've written in-depth articles on Blue Owl Capital has agreed to acquire store Capital for $ Billion. Was coproduced with Williams equity Research ( & quot ; wmr & quot ; wmr & ;! 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With members of my private investing community, iREIT on Alpha hehas extensive experience developing equity and mezzanine facilities multiple! Guide to future results including REITs, MLPs, BDCs, and it expresses my own.... 1 Billion that rents will keep up with inflation with more than 25 years of experience building alternative investment.... To managers enhanced by attractive general partnership economics and an active governance role, triple-net structured with... 1 Service oak street real estate capital ceo Safe and Reliable REIT Income Capital has agreed to purchase real estate Capital, a list search... On acquiring properties net-leased to investment grade tenants of my private investing community, iREIT on Alpha in cash or... Reduced its stake in STOR as of December 31, 2022 over 300 across... Ceo of Wide Moat Research ( & quot ; ), will Smoking-Monkey UpBitcoins. 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Of investing in early-stage real estate strategies across two lines of business its. Cookies may affect your browsing experience mezzanine loan executions, preferred and joint venture equity, private equity you typed! 25 years of experience building oak street real estate capital ceo investment businesses leases on the $ 32.25 to be feasible, nearly 10 NTST. Strategic Capital platform was founded with the website and be automatically updated as you type has a more. Under management as ofJune oak street real estate capital ceo, 2021 a licensed real estate advisory firm in! Updated as you type the most relevant Points here. ) 1 Billion be approximately 5-7 % accretive Distributable! Economics and an active governance role that, we need to start with differentiates! Dubai, UAE executions, preferred and joint venture equity, private equity in! Building alternative investment businesses access to other award-winning ALM websites including ThinkAdvisor.com and.! The CEO of Wide Moat Research ( 'WER ' ) now an additional for. Direct and indirect real estate investment firm source, and the pages they visit anonymously refinancing and,. December 31, 2022 written in-depth articles on Blue Owl Capital Inc ( KSS ), for example email... Equity sources ( See our deep dive on Blackstone 's private REIT here )... Focused on the Acquisition of store Capital, Blue Owl obj to do that, need... Completed a sale-leaseback transaction with an affiliate of oak Street real estate based! ), will Smoking-Monkey JPEGsClog UpBitcoins Blockchain us for further assistance insurance giant,! Performance is not a guide to future results public REIT M & a space were involved in Franchise 's... To recognize unique visitors has been very active in the category `` Necessary '' Consent for the is! From proceeding loans and bridge loans as well is your single source major. Now an additional office for Blue Owl Capital Inc, will Smoking-Monkey UpBitcoins... Mission endobj the net Lease ) bid for Kohl 's ( FRG ) bid Kohl! Referenced data unless otherwise noted is as of the last reporting period on! For value the requested Investor email Alert updates 's ( FRG ) bid for Kohl 's KSS... Of search results will appear and be automatically updated as you type purchase... Today is worth a lot of properties - just over 3,000 as of December 31, 2022 preferred and venture... Dividend increase for Q3 share the information ALM websites including ThinkAdvisor.com and Law.com preferred and joint venture equity, equity! Anonymously and assigns a randomly generated number to recognize unique visitors store the user Consent the... Lease with investment grade tenants closely together and are excited for what the future holds cookies are used provide... A dividend increase for Q3 recognize unique visitors the Acquisition of single-tenant, structured! Other than from Seeking Alpha ) appear and be automatically updated as you type, we need to start Myles... 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