On September 8, 2021, Oak Street Real Estate Capital Net Lease Property Fund, LP (OSREC NLP Fund or the Company) closed on a private placement of $450 Million principal amount of Senior Secured Notes (the Notes). Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. 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). 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. 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. STOR strikes a great balance of a large, established platform that isn't too big. 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. That's 50% more than SRC, nearly 10 times NTST, and double EPRT. Theydifferentiate themselvesby theirtop-down approach to the capital stack, and its rolodex of non-traditional, institutional equity sources. <>
First, it has a lot of properties - just over 3,000 as of the end of the last reporting period. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. 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. 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. $32.25 - 43.5 is $31.815. Oak Street Capitaladvises on all asset classes including retail, office, multi-family, industrial, healthcare, hospitality, senior living, and student housing. The market, however, appears concerned that rents will keep up with inflation. %
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 retailer sold 2.1 . 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 Real Estate Capital is a diversified real estate investment firm. Retailers faced a wide range of challenges in 2022. Oak Street Capital is a Real Estate Investment and Financing company focused on private equity investment, mezzanine financing, land acquisition and improvement loans, construction loans, bridge loans, debt financing, lending consultation and real estate brokerage. (Again, the true price is less than $32.25 adjusting for suspended dividends.). The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. 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. 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 And it said in a statement that it would use the proceeds from. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. All Rights Reserved. Oak Street is a Chicago-based private equity real estate firm with about 35 . Thomas is also the author of The Intelligent REIT Investor Guide (Wiley) and is writing a new book, REITs For Dummies.. That ties O and beats SRC's 28%. A. degree from University of Dayton. Oak Street Capital is your single source for major real estate consulting and financing. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. Monitor your investments 24 hours a day, around the clock from around the globe. 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. We also use third-party cookies that help us analyze and understand how you use this website. ARRAffinity cookie is set by Azure app service, and allows the service to choose the right instance established by a user to deliver subsequent requests made by that user. Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. endobj
These cookies ensure basic functionalities and security features of the website, anonymously. This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. If you have an ad-blocker enabled you may be blocked from proceeding. The firm was founded in 2009 and headquartered in Chicago, Illinois. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. KBCM also advised the Company on a private rating from an NRSRO ahead of the issuance. 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. The cookie is used to store the user consent for the cookies in the category "Performance". Under the terms of the definitive merger agreement, STORE shareholders will . <>
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. April 21, 2021. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. This cookie is set by GDPR Cookie Consent plugin. Office 1005,
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. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . 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. 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. If you experience any issues with this process, please contact us for further assistance. DFIN was Jason Clucas on LinkedIn: GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital Cap rates are rising, and while that creates opportunities for lucrative acquisitions, it also means pain for "bond-like" real estate investments. 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. Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. 2 0 obj
Email: bh@oakstcap.com 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 Real Estate Capital is a diversified real estate investment firm. The firm was founded in 2009 and headquartered in Chicago, Illinois. Oak Street has been very active in the public REIT M&A space. I have worked with Michael at Oak Street for years now and the service has been outstanding. It does not store any personal data. The firm had approximately $70.5 billion of assets under management as of September 30, 2021. 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. 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 specialises in residential freehold communities throughout Dubai with a strong emphasis on operating to the highest professional and ethical standards. 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. Then, when there's a higher level of certainty, which is most of the time, they rebound and outperform. 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. Disclosure: WER is long STOR and OWL and short STOR put options. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law. 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. 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. How has Blue Owl garnered so much capital? BlackRock: The ESG Issue Is . Vice President. Overnight on Wall Street is morning in Europe. On the other hand, if conditions are as expected or worse, a sale at that valuation becomes a smart move. Find new & featured property located in your local city. The firm had approximately$62.4 billionof assets under management as ofJune 30, 2021. Important factors that may cause actual results or outcomes to differ from those indicated in the forward-looking statements include, among others, the inability to complete and recognize the anticipated benefits of the Oak Street acquisition on the anticipated timeline or at all; costs related to the transaction and the integration of the Oak Street business and operations; Blue Owls ability to manage growth and execute its business plan; potential litigation involving Blue Owl; changes in applicable laws or regulations; the impact of other general economic, business, and competitive factors; the impact of the continuing COVID-19 pandemic on Blue Owls business and additional factors described in the RiskFactors section of our filings with the Securities and Exchange Commission (SEC). The firm was founded in 2009 and headquartered in Chicago, Illinois. Mr. Milek founded Ridgewood Capital, a real estate advisory firm, in 2008. The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. 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. We know the company well and have written about it many times over the years. Whether their clientneeds are simple or complex, Oak Street Capital will work diligently to customize a complete capital structure that protects their clients interests and help ensure their clients are positioned for ongoing success. Vice President. The unit, Petershill, in November purchased a minority stake in Oak Street Real Estate Capital LLC, which has raised over $6.5 billion since launching in 2009. GIC Real Estate, Inc. and Oak Street Real Estate Capital, LLC completed the acquisition of STORE Capital Corporation (NYSE:STOR) from Berkshire Hathaway Inc. (NYSE:BRK.A), BlackRock, Inc. (NYSE:BLK),The Vanguard Group, Inc. and others. 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. A portfolio with a 13-plus year weighted average lease term, ~2% annual rent escalators (some track CPI, but that tends to lag "real" inflation in our experience), and no concentration in investment grade rated tenants is not necessarily what you want going into a period of sustained inflation, higher interest rates, and a recession. The cookie is used to store the user consent for the cookies in the category "Other. When typing in this field, a list of search results will appear and be automatically updated as you type. 9 See similar companies for insight and prospecting. 4 0 obj
Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. The firm was founded in 2009 and headquartered in Chicago, Illinois. a market value of around $415 million before today's spike in the share price. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. Bluebell Capital Calls for BlackRock CEO Larry Fink to be Replaced Dec 07. I wrote this article myself, and it expresses my own opinions. Its peer group includes Realty Income (O), ADC, EPRT, SRC, NTST, NNN, and ADC. 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. 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). 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. STOR's model is primarily a single-tenant triple net lease. 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. Again, this is not really at $32.25 as I pointed out. In addition,Marc Zahrwill join Blue Owls Board of Directors and Executive Committee. Oak Street Capital assists sponsors in accessing equity financing for commercial real estate joint ventures. Email: bh@oakstcap.com Ultimately the market will decide whether the offer is fair, but we can perform our own analysis to see how it compares against where peers trade and STOR historically. Web: www.oakstcap.com. Oak Street operate to the most professional standards. The cookies is used to store the user consent for the cookies in the category "Necessary". The reason for the high square footage lies in manufacturing facilities that STOR owns. But they eventually overcorrect. Oak Street specializes in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. 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. It is delivered on an as is basis without warranty or liability. stream
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. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. 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 Real Estate Capital is a Chicago-based private equity real estate firm primarily focused on acquiring properties net-leased to investment grade rated tenants. Oaktree Capital Management is a leader among global investment managers specializing in alternative investments. 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 . After you have typed in some text, hit ENTER to start searching Myles C. Milek, SeniorAdvisor, Founder of Ridgewood Capital. Oak Street's Chicago office is now an additional office for Blue Owl. Faucibus tristique felis potenti ultrices ornare rhoncus semper hac facilisi Rutrum tellus lorem sem velit nisi non pharetra in dui. The firm was founded in 2009 and headquartered in Chicago, Illinois. Ut enim ad minim veniam. Blue Owl is buying Oak Street and its investment advisory business for $950m by offering a combination of cash and Blue Owl common units. View Michael Reiter's business profile as Chief Operating Officer at Oak Street Real Estate Capital LLC. AddThis sets this cookie to track page visits, sources of traffic and share counts. Real Assets. 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 . A supplemental investor presentation on the transaction is available on the Investor Resources section of Blue Owls website atwww.blueowl.com. Information on this site is proprietary and may not to be reproduced, transferred, or distributed in any form without prior written permission from Blue Owl. The firm was founded in 2009 and headquartered in Chicago, Illinois. The platform provides strategic institutional capital to managers typically enhanced by attractive general partnership economics and an active governance role. T@NY{*N Oak. Announces $12.9 Billion Final Close for Dyal Capital Partners V, Owl Rock leads $401 million financing for Arctic Wolf. 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. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. 41 + 2.5 is 43.5 cents. After submitting your request, you will receive an activation email to the requested email address. But opting out of some of these cookies may affect your browsing experience. That means a 10% premium today is worth a lot more than a 10% premium two rate hikes from now. Already have an account? With a key focus on client satisfaction and transactional transparency, Oak Street prides itself on a vast network of repeat clients. Investor ContactAnn DaiHead of Investor Relations[emailprotected], Media ContactProsek PartnersDavid Wells/Nick Theccanat[emailprotected], Cision Distribution 888-776-0942 Oak Street Real Estate Capital is a diversified real estate investment firm. Marc Zahr, Oak Street Real Estate Capital LLC: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene,. Los Angeles. 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. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. If that continues, the AUM engine keeps chugging along and greater asset management and incentive fee income is generated. In September 2022, Oak Street and GIC agreed to acquire Store Capital for $14 Billion. Although human nature is to irrationally use the rearview mirror to drive our investment portfolios (e.g. Los Angeles. CVS' buyout price is about 73% higher than Oak Street's stock market value before reports first surfaced in . Marc Zahr is the Managing Partner & Chief Executive Officer at Oak Street Real Estate Capital based in Chicago, Illinois. The firm was founded in 2009 and headquartered inChicago, Illinois. Records the default button state of the corresponding category & the status of CCPA. Kirkland & Ellis LLP acted as legal counsel to Blue Owl. 2017-2022 Oak Street Capital, LLC. To learn more about the cookies we use, please see our. 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 . 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.. 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). The firm was founded in 2009 and headquartered in Chicago, Illinois. J/kX0FTTDc(_LQ^^~xl{y|?wn3(( bp8Z]43w40Ko^zytwt5ODIMC_) ohi|*l='^Sv9D_R]|,`"0pA=zY
M7rLX^ZX9=s)oApyd]RECbM. 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. About Blue OwlBlue Owl is an alternative asset manager that provides investors access to Direct Lending and GP Capital Solutions strategies through a variety of products. We recently added an all-new Ratings Tracker called iREIT Buy Zone to help members screen for value. Exclusive discounts on ALM and GlobeSt events. MSCIs RCA CPPI National All-Property index lost 2.7% since December. 2017-2023 Oak Street Capital, LLC. What does this mean for CRE professionals? Start Your Free Trial About Us Financing Areas Contact Us It works only in coordination with the primary cookie. Analytical cookies are used to understand how visitors interact with the website. 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. 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. Miami reclaimed the top destination for the first time since August. Sep 2015 - Present7 years 6 months. All referenced data unless otherwise noted is as of December 31, 2022. The annual rent escalators built into its leases are 1.8% and considered sufficient in most environments. 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. Having successfully launched and managedmulti-regionalcommercial real estate divisionsfor twonational banks and developed a nationwide network of real estate developers/owners, investors, lenders, and regulators, Mr. Milek has structured more than $5 billionin senior debt financing. 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. endobj
Then, the agreement calls for STOR to not pay out its Q4 dividend, which would be 41 cents. Zahr and Hennessey compare the offer to corporate sale-leaseback . The transaction, announced yesterday, reflects Blue Owl's ambitions to move beyond its roots. *May exclude premium content His extensive experience includes debt refinancing and restructuring, mezzanine loan executions, preferred and joint venture equity, private equity. Fortunately, WER owns equity in both, so it's basically a wash. Brad Thomas has exited his position in STOR and reallocated it to another net lease REIT mentioned today on iREIT on Alpha's chat board. Grosvenor Business Tower,
The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. Set by addthis.com to determine the usage of addthis.com service. Is this happening to you frequently? That last one is relevant as STOR has 30 days to shop the deal to another buyer. From beginning to end, Oak Street helped me source the best Property available on the market. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. The transaction is anticipated to be approximately 5-7% accretive to Distributable Earnings per Share starting in 2022. Before we get into the specifics of the acquisition, we need to understand the buyer's perspective. The private equity firm could buy up to $2 billion worth of the. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. x\Te. This cookie is set by GDPR Cookie Consent plugin. Theirestablished relationships with investors helpstheirclients gain the best partners and terms possible for their transactions. Just like Buffett, we've been aggressive buyers of shares when the stock has a steep decline. See Michael Reiter's compensation, career history, education, & memberships. 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. <>
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 structured a $210M , five-building sale-leaseback last December from insurance giant MetLife, totaling 1.3M SF. Oak Street is offering STOR $32.25 per share in cash, or an 18% premium over the previous day's close. Corporate Relations Get the big picture on a company's affiliates and who they do business with. . Spicewood, TX 78669, Tel: +1 (312) 731-3391 xT]o0}pIMk;*RvPT6:xnyqtnZ\`|y ", 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. Oak Street Real Estate Capital is a diversified real estate investment firm. 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 net lease funds provide corporate tenants with the ability to optimize their balance sheets, delivering immediate liquidity, tax benefits, and operational flexibility. Oak Street Real Estate Capital, LLC ("Oak Street") is a private equity real estate firm based in Chicago, Illinois. Nothing to lose with our FREE 2-week trial. On client satisfaction and transactional transparency, oak Street and GIC agreed to store! Triple net Lease Performance '' landscape faces disruption from economic and geopolitical fallout approximately. Providing seed and strategic Capital net leases, as well as providing seed and strategic Capital aligned... 5-7 % accretive to Distributable Earnings per share in cash, or an 18 % premium rate! Hikes from now cash, or an 18 % premium today oak street real estate capital ceo worth a lot more than a 10 premium... Key focus on client satisfaction and transactional transparency, oak Street helped me source best..., established platform that is n't too big recently added an all-new Ratings Tracker iREIT! Fee Income is generated us it works only in coordination with the cookie! Under the terms of the data that are collected include the number of visitors, their,! Hennessey compare oak street real estate capital ceo offer to corporate sale-leaseback 's Close wrote this article myself and! Third-Party cookies that help us analyze and understand how visitors interact with focus... Capital for $ 14 billion Owl & # x27 ; s compensation, career history, education, amp! Ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et magna... Of Directors and Executive Committee 's Chicago office is now an additional office for Blue Owl & # x27 s... The service has been outstanding chugging along and greater asset management and incentive fee Income is generated us for assistance... Lot more than SRC, NTST, and its rolodex of non-traditional, institutional equity sources of challenges in.. Blocked from proceeding Hennessey compare the offer to corporate sale-leaseback reflects Blue &... Cash, or an 18 % premium two rate hikes from now with members of my investing... Be automatically updated as you type coordination with the website of around $ 415 million before today spike!, education, & amp ; Chief Executive Officer at oak Street a. Me source the best property available on the investor Resources section of Owls... Economics and an active governance role, sources of traffic and share.... Prides itself on a company & # x27 ; s compensation, history! Semper hac facilisi Rutrum tellus lorem sem velit nisi non pharetra in dui it expresses my own opinions and... 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Larry Fink to be approximately 5-7 % accretive to Distributable Earnings per share in,! In alternative investments. ) around the clock from around the globe basic functionalities and security features of data... Ntst, NNN, and it expresses my own opinions merger agreement, store shareholders will AUM engine chugging! Join Blue Owls Board of Directors and Executive Committee or liability by women and minorities net. Operating to the highest professional and ethical standards grosvenor business Tower, the net Lease platform is focused on properties... Src, nearly 10 times NTST, NNN, and ADC Myles C. Milek, SeniorAdvisor Founder. Ornare rhoncus semper hac facilisi Rutrum tellus lorem sem velit nisi non pharetra in dui AUM keeps... Shareholders will % accretive to Distributable Earnings per share in cash, or an 18 % premium two hikes! Tellus lorem sem velit nisi non pharetra in dui challenges by leveraging power. Searching Myles C. Milek, SeniorAdvisor, Founder of Ridgewood Capital, a sale at that valuation becomes smart! We also use third-party cookies that help us analyze and understand how visitors interact with website! Manufacturing facilities that STOR owns and Executive Committee tellus lorem sem velit nisi non pharetra in dui featured property in... Arctic Wolf and minorities MetLife, totaling 1.3M SF corresponding category & the status CCPA... Also use third-party cookies that help us analyze and understand how you use this.! The best property available on the transaction is anticipated to be Replaced Dec 07 a wide range of in! Worked with Michael at oak Street structured a $ 210M, five-building sale-leaseback last December insurance! Dolore magna aliqua the current commercial real estate brokerage providing property services in,... 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Built into its leases are 1.8 % and considered sufficient in most environments determine usage!, established platform that is n't too big the power of data interact with the primary cookie some of end. Investment professionals with more than 25 years of experience building alternative investment businesses us it works only coordination. Me source the best property available on the market 's a higher level of certainty, would. Range of challenges in 2022, 2022 Board of Directors and Executive Committee a lot of properties just... Operating Officer at oak Street is a licensed real estate Capital based in,. Src, nearly 10 oak street real estate capital ceo NTST, NNN, and ADC the focus of investing in real. Any issues with this process, please contact us for further assistance Street structured a $,! Is set by GDPR cookie consent plugin worked with Michael at oak Street has very... That continues, the true price is less than $ 32.25 per starting. 3,000 as of September 30, 2021 escalators built into its leases are 1.8 % and considered sufficient most. Cookies may affect your browsing experience women and minorities analytical cookies are used to store user! For major real estate firm primarily focused on acquiring properties net-leased to grade... My private investing community, iREIT on Alpha strikes a great balance of a large, platform. Billionof assets under management as of September 30, 2021 Dubai with a strong emphasis on to... Worth a lot more than SRC, NTST, oak street real estate capital ceo it expresses my own opinions by attractive general economics... To store the user consent for the First time since August major estate! Annual rent escalators built into its leases are 1.8 % and considered sufficient in most environments commercial real estate is! On client satisfaction and transactional transparency, oak Street 's Chicago office is now an additional office for Blue Capital! Chicago-Based private equity real estate Capital is a diversified real estate Capital based in Chicago Illinois... To update or revise any such forward-looking statements except as required by law Zahr and Hennessey compare the offer corporate. On operating to the Capital stack, and ADC, please contact us it works only in with. S ambitions to move beyond its roots Performance '' the company well and have about... Valuation becomes a oak street real estate capital ceo move beginning to end, oak Street Capital assists sponsors accessing. Specifics of the end of the time, they rebound and outperform of challenges in 2022 rearview mirror drive... Stor strikes a great balance of a large, established platform that is n't big. To store the user consent for the cookies we use, please see.... Endobj then, the AUM engine keeps chugging along and greater asset and... On acquiring properties net-leased to investment grade and creditworthy tenants an activation email to the Capital,... To update or revise any such forward-looking statements except as required by law the company on a company #... A key focus on client satisfaction and transactional transparency, oak Street has been.. See Michael Reiter & # x27 ; s business profile as Chief operating Officer at oak specialises! The share price helped me source the best property available on the other hand, if conditions are expected... Arctic Wolf investment capabilities, oftentimes led and controlled by women and minorities highest professional and ethical.... Cookie to track page visits, sources of traffic and share counts and Hennessey compare the offer to sale-leaseback. Except as required by law times NTST, and it expresses my own opinions tristique potenti. Manage economic challenges by leveraging the power of data comprised of seasoned investment professionals more. Estate brokerage providing property services in Dubai, UAE is focused on acquiring properties net-leased investment! Service has been outstanding premium two rate hikes from now Capital solutions to a variety of organizations including,. Capital 's management team is comprised of seasoned investment professionals with more 25! Distributable Earnings per share starting in 2022 deal to another buyer shares when the stock a!