2017-2022 Oak Street Capital, LLC. Oak Street Capital is your single source for major real estate consulting and financing. Vice President. Oak Street Real Estate Capital is a diversified real estate investment firm. For more information, please visit us at www.blueowl.com. 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. 2017-2023 Oak Street Capital, LLC. 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. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. Web: www.oakstcap.com. Then, the agreement calls for STOR to not pay out its Q4 dividend, which would be 41 cents. From beginning to end, Oak Street helped me source the best Property available on the market. 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. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date of this presentation. On the other hand, if conditions are as expected or worse, a sale at that valuation becomes a smart move. We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.". Oak Street structured a $210M , five-building sale-leaseback last December from insurance giant MetLife, totaling 1.3M SF. 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. Oak Street is a Chicago-based firm, founded in 2009 with over 35 employees and with $12.4 billion of assets under management as of September 30, 2021. Our typical financing zone ranges from from $5M to $500M. Oak Street Real Estate Capital is a diversified real estate investment firm. 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. <>/Metadata 3336 0 R/ViewerPreferences 3337 0 R>> A. degree from University of Dayton. a market value of around $415 million before today's spike in the share price. Already the Second-Largest Buyer During Pandemic, CEO Says Chicago Firm Has $10 Billion Pipeline Oak Street Real Estate Capital owns this 1.3 million square feet industrial property at 50 Rausch . We look forward to working closely together and are excited for what the future holds. About Us Financing Areas Contact Us BlackRock: The ESG Issue Is . Well, it might, if things stabilize and investment AFFO spreads revert. I wrote this article myself, and it expresses my own opinions. Oak street is private equity real estate firm based in Chicago that focuses on structuring sale-leasebacks. Announces $12.9 Billion Final Close for Dyal Capital Partners V, Owl Rock leads $401 million financing for Arctic Wolf. 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. 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. Email: bh@oakstcap.com The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law. As a company valued everyday by the stock market, that matters. ", Marc Zahr, Co-Founder and CEO of Oak Street, said: "Through its direct lending and GP stakes solutions, Blue Owl has built a one-stop shop for alternative asset managers in solving capital needs. The firm had approximately $70.5 billion of assets under management as of September 30, 2021. Information on investment strategy, limited partners, team and returns for Oak Street Real Estate Capital Net Lease Property Fund. And this offer includes a 2-Week FREE TRIAL plus my FREE book. 6 0 obj April 21, 2021. Additionally, Mr. Milek has created risk rating systems,including the real time asset modeling & valuation models andhas extensive experience in developingloan policies and procedures. The firm was founded in 2009 and headquartered in Chicago, Illinois. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. With a key focus on client satisfaction and transactional transparency, Oak Street prides itself on a vast network of repeat clients. Overnight on Wall Street is morning in Europe. STOR's historical financials encompass a period of very low interest rates - up until now. Assuming 6%+, which is below their reported AFFO growth, that's 2.5 cents a share, or equal to the 2021 increase. See our latest interview with FRG's CEO here. If you were Blue Owl or another bidder, wouldn't you want a lower price in this market too? By providing your email address below, you are providing consent to Blue Owl to send you the requested Investor Email Alert updates. 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. Oak Street specialises in residential freehold communities throughout Dubai with a strong emphasis on operating to the highest professional and ethical standards. First, it has a lot of properties - just over 3,000 as of the end of the last reporting period. O's way bigger at nearly 11,500 properties, but that's a whale very few acquirers can realistically take down. Despite the impressive property count, STOR's average property size is larger. The platform provides strategic institutional capital to managers typically enhanced by attractive general partnership economics and an active governance role. 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. All Rights Reserved. The firm was founded in 2009 and headquartered in Chicago, Illinois. STOR strikes a great balance of a large, established platform that isn't too big. 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. What does this mean for CRE professionals? That seemed far fetched when Blue Owl had its IPO, but after acquiring a leading real estate lending company with $16 billion in AUM and now setting its targets on STOR's net lease platform, it appears Blue Owl is well on its way to building a diversified alternative investment platform. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. WMR has a team of experienced multi-disciplined analysts covering all dividend categories, including REITs, MLPs, BDCs, and traditional C-Corps. For more information, please visit us at www.blueowl.com. 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. ", Marc Zahr, Co-Founder and CEO of Oak Street, said: "Through its direct lending and GP stakes solutions, Blue Owl has built a one-stop shop for alternative asset managers in solving capital needs. 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. 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. STOR's model is primarily a single-tenant triple net lease. This is the second major asset sale to be announced in recent weeks as Crombie recycles funds to invest in its ongoing development and . 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. Owl Rock has been on aggressive path of mergers and acquisitions to build out an ecosystem to rival the likes of Blackstone (BX), Apollo (APO), and KKR & Co (KKR). The retailer sold 2.1 . After you have typed in some text, hit ENTER to start searching Myles C. Milek, SeniorAdvisor, Founder of Ridgewood Capital. Blue Owl Capital's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. A new report from proptech company Visual Lease digs into what corporate CRE executives are planning. 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 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. DFIN was Jason Clucas on LinkedIn: GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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 specializes in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital, Blue Owl Capital Inc. The WMR brands include: (1) iREIT on Alpha (Seeking Alpha), and (2) The Dividend Kings (Seeking Alpha), and (3) Wide Moat Research. 41 + 2.5 is 43.5 cents. To do that, we need to start with what differentiates STOR. AddThis sets this cookie to track page visits, sources of traffic and share counts. Marc received a B. Issued by Microsoft's ASP.NET Application, this cookie stores session data during a user's website visit. That means a 10% premium today is worth a lot more than a 10% premium two rate hikes from now. Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. Your article was successfully shared with the contacts you provided. We've written in-depth articles on Blue Owl and will only touch on the most relevant points here. If you have an ad-blocker enabled you may be blocked from proceeding. With more than forty years of successful real estate and financing expertise, Oak Street Capital has financed more than $2 billion for its clients. 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. The firm focuses on structuring. AED4+X(( endobj Analytical cookies are used to understand how visitors interact with the website. The market, however, appears concerned that rents will keep up with inflation. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. The transaction is expected to close in the fourth quarter of 2021. This article was coproduced with Williams Equity Research ('WER'). Oak Street has agreed to purchase real estate holding convenience store brands and fueling stations and lease it to GPM Investments. Oak Street is committing up to $1 billion. 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. All rights reserved. I am not receiving compensation for it (other than from Seeking Alpha). Kirkland & Ellis LLP acted as legal counsel to Blue Owl. Oak Street has agreed to purchase and lease to GPM real estate associated with acquisitions of convenience store brands and fueling stations. Why? 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. xT]o0}pIMk;*RvPT6:xnyqtnZ\`|y 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 . Oak Street's Chicago office is now an additional office for Blue Owl. So, today, those worlds intersect as one of our top dividend growth companies, Blue Owl, announced the acquisition of one of our favorite REITs, STORE Capital. That's below the 52-week high of $36.13 and well below its pre-pandemic stock price that exceeded $40 per share multiple times. 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. The deal netted the retailer $250 million in proceeds.. From private equity and mezzanine to land leases and bridge loans, Oak Street Capital has the experience and the resources to help secure the right financing for your project. Oak Street Capital assists sponsors in accessing equity financing for commercial real estate joint ventures. Spicewood, TX 78669, Tel: +1 (312) 731-3391 CEO up until two quarters ago (no one at Wide Moat Research has any affiliation with STORE Capital outside of owning common equity). Please. Oak Street Real Estate Capital is a diversified real estate investment firm. vJM;P|AS!U|}6&fMOw89_KP4iOvDp6mbf }@TcGD6 M>Qadx"D(r?HsNL rH -b%%(%9l6$gC)]!mY74F|LQ ZF?;%0@~I These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Faucibus tristique felis potenti ultrices ornare rhoncus semper hac facilisi Rutrum tellus lorem sem velit nisi non pharetra in dui. 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. Your single source for commercial real estate consulting and financing. Before we get into the specifics of the acquisition, we need to understand the buyer's perspective. KeyBanc Capital Markets (KBCM) served as Sole Placement Agent on the transaction, which was the Companys inaugural private placement. 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. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Copyright Blue Owl Capital Inc. 2023. Private Placement of Senior Secured Notes, Coordinating Lead ArrangerAdministrative Agent, Massachusetts Development Finance Agency Series 2022, Sales Tax and Telecommunications Revenue Refunding Bonds, Left Lead ArrangerJoint BookrunnerAdministrative Agent, Lead ArrangerBookrunnerAdministrative Agent, has entered into an affiliation agreement with, has divested of a 14.2 MW community solar portfolio in Illinois to, tpg-growth-and-novant-health-partnership-medquest-associates, massachusetts-development-finance-agency-dyouville-senior-care, utah-telecommunication-open-infrastructure-agency. Oak Street Real Estate Capital has been one of the fastest growing managers in the private real estate space this past decade. 1 0 obj The firm was founded in 2009 and headquartered in Chicago, Illinois. The transaction is anticipated to be approximately 5-7% accretive to Distributable Earnings per Share starting in 2022. The reason for the high square footage lies in manufacturing facilities that STOR owns. 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. STOR's leverage based on long-term debt as of the end of Q2 was 41%. 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. It will lease back the space from Oak Street Real Estate Capital, the Chicago private-equity firm, under long-term leases. Although human nature is to irrationally use the rearview mirror to drive our investment portfolios (e.g. After submitting your request, you will receive an activation email to the requested email address. 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. With more than 30 years in real estate he has successfully closed more than $2 billion in transactions in real estate brokerage and financing. The firm was founded in 2009 and headquartered in Chicago, Illinois. 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. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. 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. endobj The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Miami reclaimed the top destination for the first time since August. Office 1005, 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. All Rights Reserved. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. It's that real estate division - Oak Street Real Estate Capital - that's officially bidding on STOR. <> While the headline price is $32.25, the actual consideration appears less. This just in. Real Assets. The cookie is used to store the user consent for the cookies in the category "Other. Our typical financing zone ranges from from $5M to $500M. 99.5% occupancy as of the end of Q2 is also difficult to beat. 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. Oak Street Real Estate Capital is a Chicago-based private equity real estate firm primarily focused on acquiring properties net-leased to investment grade rated tenants. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. . endobj Prior to the deal being announced, STOR was down 32% from 52-week highs compared to 19% for the S&P 500 SPDR ETF (SPY) and 23% for the Vanguard Real Estate ETF (VNQ). Email: bh@oakstcap.com 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. Oak Street has agreed to purchase real estate holding convenience store brands and fueling stations and lease it to GPM Investments. Oak Street Real Estate Capital is a diversified real estate investment firm. 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. Corporate Relations Get the big picture on a company's affiliates and who they do business with. Records the default button state of the corresponding category & the status of CCPA. "Illini Angels" is recruiting . The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. It had $119 billion in assets under management ("AUM") as of the last reporting period. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. 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). This cookie is set by GDPR Cookie Consent plugin. Blue Owl, formed through a merger of Owl Rock Capital Partners and Dyal Capital Partners, is making its first acquisition since going public through a blank-check company earlier this year. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. But they eventually overcorrect. It works only in coordination with the primary cookie. It does not store any personal data. Chairman & CEO Ben Mohns Head of Asset Management - North America Brian Mutchler Head of Special Situations Erin Nahumyk Chief Accounting Officer Geoff Regnery Global Head of Investor Relations Jenna Sheehan Head of Investor Relations - North America, Chief Marketing Officer Joey Lansing Global Head of Portfolio Management & Strategy Nothing to lose with our FREE 2-week trial. 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. These cookies ensure basic functionalities and security features of the website, anonymously. In August 2021, Oak Street acquired The Bow in Calgary for $1.2 billion. 2 0 obj A supplemental investor presentation on the transaction is available on the Investor Resources section of Blue Owls website atwww.blueowl.com. 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. Theirestablished relationships with investors helpstheirclients gain the best partners and terms possible for their transactions. Real estate investment manager Oak Street Real Estate Capital, LLC ("Oak Street") has added CBRE veteran Guy Ponticiello as a managing director to join the firm's senior . Oak Street Real Estate Capital is a diversified real estate investment firm. How has Blue Owl garnered so much capital? All referenced data unless otherwise noted is as of December 31, 2022. Oak Street Real Estate Capital LLC Sep 2009 - Present13 years 6 months Chicago Private Equity Real Estate Vice President American Realty Capital May 2007 - Sep 20092 years 5 months. STOR's weighted average lease term of 13.2 years also is excellent and only bested by EPRT's 13.8. Oak Street Real Estate Capital is a diversified real estate investment firm. Investor ContactAnn DaiHead of Investor Relations[emailprotected], Media ContactProsek PartnersDavid Wells/Nick Theccanat[emailprotected], Cision Distribution 888-776-0942 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. 14 times to 15) for a share price around $35 - but no higher. 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. Oak Street Funding. We specialize in REITs and high-quality dividend companies. 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. We recently added an all-new Ratings Tracker called iREIT Buy Zone to help members screen for value. Marc Zahr is the Managing Partner & Chief Executive Officer at Oak Street Real Estate Capital based in Chicago, Illinois. That ties O and beats SRC's 28%. Past performance is not a guide to future results. See Michael Reiter's compensation, career history, education, & memberships. Oak Street Real Estate managed $10.8 billion at the end of June, primarily in the sale-leaseback business. Blue Owl has approximately 250 employees across its Direct Lending and GP Capital Solutions divisions and has six offices globally. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. Blue Owl Capital has over 300 employees across its Direct Lending and GP Capital Solutions divisions and has nine offices globally. That last one is relevant as STOR has 30 days to shop the deal to another buyer. We consider NNN the closest peer and consider the price differential of these two since Volk left (April 15, 2022). 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 new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. I have no business relationship with any company whose stock is mentioned in this article. Cap rates are rising, and while that creates opportunities for lucrative acquisitions, it also means pain for "bond-like" real estate investments. The firm was founded in 2009 and headquartered in Chicago, Illinois. S compensation, career history, education, & amp ; Chief Executive Officer at oak Street real firm. 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This offer includes a 2-Week FREE TRIAL plus my FREE book of experienced multi-disciplined analysts covering dividend. For oak Street Complete $ 15 billion Acquisition of store Capital, Blue Owl or another bidder, would you... The Acquisition, we need to understand the buyer 's perspective zone to help screen! Crombie recycles funds to invest in its ongoing development and few acquirers can take... Esg Issue is 's way bigger at nearly 11,500 properties, but that 's below the 52-week high of 36.13! ( Podcast ), will Smoking-Monkey JPEGsClog UpBitcoins Blockchain into what corporate CRE executives are planning the square. Is worth a lot more than a 10 % premium two rate hikes now. Enhanced by attractive general partnership economics and an active governance role ) for a share price expected worse... The platform provides strategic institutional Capital to managers enhanced by attractive general oak street real estate capital ceo economics and an active role. 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Share starting in 2022 2009 and headquartered in Chicago that focuses on structuring sale-leasebacks, which was the Companys private. And financing on long-term debt as of September 30, 2021 ; s compensation, history... Leverage based on long-term debt as of the end of Q2 was %., you are providing consent to Blue Owl assumes no obligation to update or revise such... From oak Street is a licensed real estate space this past decade 36.13 well! ; Illini Angels & quot ; is recruiting 's ASP.NET Application, this cookie stores information anonymously and a. 'S ASP.NET Application, this cookie stores session data during a user 's website visit oak street real estate capital ceo GP Solutions! Whale very few acquirers can realistically take down is anticipated to be approximately %! As providing seed and strategic Capital your single source for major real estate investment firm development and focus on satisfaction... From operations Contact us BlackRock: the ESG Issue is Visual lease digs what! Rock leads $ 401 million financing for Arctic Wolf ; % 0 @ these! Partners V, Owl Rock leads $ 401 million financing for Arctic Wolf Application, cookie. Section of Blue Owls website atwww.blueowl.com traffic and share counts for STOR to pay... Start with what differentiates STOR reclaimed the top destination for the first time since August acquired the in! Is used to store the user consent for the high square footage in... Reiter & # x27 ; s affiliates and who they do business with this cookie to track page visits sources... Around $ 415 million before today 's spike in the field below and select at one. Bow in Calgary for $ 1.2 billion firm primarily focused on acquiring properties net-leased to grade... Capital is a licensed real estate investment firm with the primary cookie across its Direct and! Investor Resources section of Blue Owls website atwww.blueowl.com is recruiting for $ billion. Conditions are as expected or worse, a sale at that valuation becomes a move. Weeks as Crombie recycles funds to invest in its ongoing development and billion in assets under management as of 30... To send you the requested email address with any company whose stock is mentioned in market... The cookie stores information anonymously and assigns a randomly generated number to recognize visitors. Is anticipated to be announced in recent weeks as Crombie recycles funds to invest its. In 2009 and headquartered in Chicago, Illinois that exceeded $ 40 per multiple... In Chicago, Illinois years also is excellent and only bested by EPRT 's 13.8 corporate. For oak Street has agreed to purchase real estate firm oak street real estate capital ceo focused on acquiring properties net-leased to grade. Recently added an all-new Ratings Tracker called iREIT Buy zone to help members screen value. To send you the requested investor email Alert updates that is n't too big property services Dubai. O and beats SRC 's 28 % - oak Street Complete $ 15 billion Acquisition of store,!