I have no business relationship with any company whose stock is mentioned in this article. Oak Street Real Estate managed $10.8 billion at the end of June, primarily in the sale-leaseback business. Key Points Bed Bath & Beyond said it has completed a sale-leaseback transaction with an affiliate of Oak Street Real Estate Capital. t{^n.5.4|{yZ|YOOwu yM^Fg( It had $119 billion in assets under management ("AUM") as of the last reporting period. Mr. Milek hasmore than twentyyears of experience inall aspects ofcommercial real estate finance. The firm was founded in 2009 and headquartered in Chicago, Illinois. 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. This website uses cookies to improve your experience while you navigate through the website. 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. xT]o0}pIMk;*RvPT6:xnyqtnZ\`|y The firm focuses on two primary strategies: structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. 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. The firm was founded in 2009 and headquartered in Chicago, Illinois. STOR's weighted average lease term of 13.2 years also is excellent and only bested by EPRT's 13.8. All Rights Reserved. Crombie REIT ( CRR-UN-T) will sell a majority non-managing interest in 15 additional grocery store-anchored retail properties across Canada to Oak Street Real Estate Capital of Chicago for $193 million. For more information, please visit us atwww.blueowl.com. Oak Street has been very active in the public REIT M&A space. Past performance is not a guide to future results. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blue Owls control, that could cause actual results or outcomes to differ materially from those discussed in the 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. Copyright Blue Owl Capital Inc. 2023. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. 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. 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! For more information, please visit us at www.blueowl.com. In addition, hehas extensive experience developing equity and mezzanine facilities across multiple product lines. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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 If you were Blue Owl or another bidder, wouldn't you want a lower price in this market too? 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. Oak Street Real Estate Capital is a diversified real estate investment firm. The closing purchase price of$950 millionwill be funded through a combination of cash and Blue Owl common units (up to an aggregate of approximately 39 million Blue Owl common units issuable at closing). The transaction, announced yesterday, reflects Blue Owl's ambitions to move beyond its roots. 5 0 obj I have worked with Michael at Oak Street for years now and the service has been outstanding. 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. SCOTTSDALE, Ariz. & SINGAPORE & CHICAGO, February 03, 2023--STORE Capital Corporation (NYSE: STOR, "STORE", "STORE Capital" or the "Company"), an internally managed net-lease real estate . We look forward to working closely together and are excited for what the future holds. 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 offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease . These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Oak Street will commit up to $1 billion to the program for one year. A supplemental investor presentation on the transaction is available on the Investor Resources section of Blue Owls website atwww.blueowl.com. 9 See similar companies for insight and prospecting. 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). About Oaktree. Marc Zahr, Oak Street Real Estate Capital LLC: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene,. This cookie is set by GDPR Cookie Consent plugin. $32.25 - 43.5 is $31.815. 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 Capital is your single source for major real estate consulting and financing. Marketing and Client Relations. The firm was founded in 2009 and headquartered in Chicago, Illinois. STOR's credit metrics are all slightly better than the BBB+ (that's three notches into investment grade territory) peer averages. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. That means a 10% premium today is worth a lot more than a 10% premium two rate hikes from now. 14 times to 15) for a share price around $35 - but no higher. AED4+X(( All Rights Reserved. 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. I (Williams Equity Research) analyzed several of Owl Rock's private offerings on behalf of large institutional investors and know the management team well. STOR's historical financials encompass a period of very low interest rates - up until now. 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. 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. 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). The firm focuses on structuring. 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. 4 0 obj Oak Street structured a $210M , five-building sale-leaseback last December from insurance giant MetLife, totaling 1.3M SF. Cap rates are rising, and while that creates opportunities for lucrative acquisitions, it also means pain for "bond-like" real estate investments. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Oak Street has agreed to purchase and lease to GPM real estate associated with acquisitions of convenience store brands and fueling stations. 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. At Blue Owl, we promise to treat your data with respect and will not share your information with any third party. (Again, the true price is less than $32.25 adjusting for suspended dividends.). Email: bh@oakstcap.com 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. 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. 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? Office 1005, 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. Exclusive discounts on ALM and GlobeSt events. (Brad Thomas targets 75% probability of acceptance.). About Oak Street. 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. x\Te. . Additionally, Mr. Milek has created risk rating systems,including the real time asset modeling & valuation models andhas extensive experience in developingloan policies and procedures. My team and I look forward to partnering with the Blue Owl team to bring Oak Streets differentiated product offerings to a new base of investors and to collaborate to bring additional investment opportunities to investors in Oak Streets funds down the line.. Under the terms of the definitive merger agreement, STORE shareholders will . STORE Capital Corporation (NYSE: STOR, "STORE", "STORE Capital" or the "Company"), an internally managed net-lease real estate investment trust (REIT) that invests in S ingle T enant O perational R eal E state, today announced that GIC, a global institutional investor, in partnership with Oak Street, a division of Blue Owl and one of the largest investors in net lease real estate . Chris Ahn. Oak Street Real Estate Capital is a diversified real estate investment firm. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. These cookies track visitors across websites and collect information to provide customized ads. The deal is going through at about a 10% premium to net asset value vs. a 10% discount on Sept. 14. . Oak Street Capitals mission as a financial advisory firm is to provide our clients with the best capital stack options for their commercial project or asset that optimizes their financial position and returns consistently. The firm was founded in 2009 and headquartered in Chicago, Illinois. If all those variables end up less severe than the current bearish outlook suggests, selling STOR at 14 times (less as adjusted) 2022 AFFO won't look like a stellar deal. For more information, please visit us at www.blueowl.com. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. We also use third-party cookies that help us analyze and understand how you use this website. AddThis sets this cookie to track page visits, sources of traffic and share counts. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. (Remember that we also upgraded STOR to a Strong Buy in 2017 weeks before Berkshire purchased the initial tranche.). Townhouse | Five Palm | 5 Star Facilities, Custom Built | N Frond | Skyline View | Must View, Exclusive | Upgraded | Fully Furnished | VOT. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. The transaction is anticipated to be approximately 5-7% accretive to Distributable Earnings per Share starting in 2022. Oak Street client service is spectacular. 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. Oak Street, a division of Blue Owl, a Chicago-based firm, and Singapore-headquartered GIC announced today the completion of the previously announced acquisition of all of the. SCOTTSDALE, Ariz. & SINGAPORE & CHICAGO - STORE Capital Corporation (NYSE:STOR, "STORE", "STORE Capital" or the "Company"), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that GIC, a global institutional investor, in partnership with Oak Street, a division of Blue Owl and one of the . Our Mission On the other hand, if conditions are as expected or worse, a sale at that valuation becomes a smart move. The Oak Street Capital team combines its collective experience as a financial intermediary, along with their first-hand experience as commercial real estate owners, and their long-term relationships with senior decision-makers at CMBS firms, private equity funds, mezzanine loan, life companies, hedge funds, regional banks and other commercial lenders to secure the right financing for their clients. The valuation associated with it earns a "fair" classification from us, and while one can argue it should be slightly higher (STOR shareholders) or lower (OWL shareholders), it isn't unreasonable. Email: bh@oakstcap.com Sophie Aldrich, CFA. Oak Street Real Estate Capital is a diversified real estate investment firm. The #1 Service For Safe and Reliable REIT Income. Why? Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. 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. STOR strikes a great balance of a large, established platform that isn't too big. Web: www.oakstcap.com. Managing Director, Chief Product Officer and Global Head of Client Relations. The WMR brands include: (1) iREIT on Alpha (Seeking Alpha), and (2) The Dividend Kings (Seeking Alpha), and (3) Wide Moat Research. An old trick of buying a company with its own cash flow from operations. "Illini Angels" is recruiting . Vice President. DFIN was Jason Clucas on LinkedIn: GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital If I had to guess, he doesn't mind the 5.9% and 6.1% annual growth in AFFO and dividends, respectively, since 2016. His extensive experience includes debt refinancing and restructuring, mezzanine loan executions, preferred and joint venture equity, private equity. 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. Nothing to lose with our FREE 2-week trial. Blue Owl has approximately 250 employees across its Direct Lending and GP Capital Solutions divisions and has six offices globally. The question is whether STOR's multiple will rise after rate increases. You also have the option to opt-out of these cookies. Private equity firm Oak Street Real Estate Capital LLC has reportedly made a bid to acquire around $2 billion worth of property from Kohl's, Reuters reported on Friday. First, it has a lot of properties - just over 3,000 as of the end of the last reporting period. endobj If that continues, the AUM engine keeps chugging along and greater asset management and incentive fee income is generated. Blue Owl Capital's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. 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. ", 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. Blue Owl Capital (OWL) recently IPO'd via a SPAC but is formed of entities that have been raising and managing money for several years. 21917 Rock Wren Rd Grosvenor Business Tower, 7 0 obj T@NY{*N Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Understandably, investors hope any premium to be on top of the long-term average cash flow multiple rather than a beaten down valuation. 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). Set by addthis.com to determine the usage of addthis.com service. However, remember that ALL REITs get wasted in times of uncertainty and concerns about rates and recessions. Oak Street Real Estate Capital is a diversified real estate investment firm. WMR has a team of experienced multi-disciplined analysts covering all dividend categories, including REITs, MLPs, BDCs, and traditional C-Corps. When typing in this field, a list of search results will appear and be automatically updated as you type. STOR's leverage based on long-term debt as of the end of Q2 was 41%. 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. 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. Oak Street is committing up to $1 billion. 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. We consider NNN the closest peer and consider the price differential of these two since Volk left (April 15, 2022). <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Mr. Milek specializes in completingrisk assessments and action plans for distressed financial institutions. After you have typed in some text, hit ENTER to start searching Myles C. Milek, SeniorAdvisor, Founder of Ridgewood Capital. 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. Oak Street Real Estate Capital is a diversified real estate investment firm. Lets walk through the mechanics of the deal and what it means for shareholders of both entities. 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. BlackRock: The ESG Issue Is . 3 0 obj Blue Owl said the transaction adds a complementary real estate capability to Blue Owl's suite of financing solutions for use rs of capital and offer s institutional and retail investors additional compelling investment option s.. Oak Street is a Chicago-based firm, founded in 2009 with over 35 employees and with $10.8 . Please disable your ad-blocker and refresh. <> Necessary cookies are absolutely essential for the website to function properly. Theydifferentiate themselvesby theirtop-down approach to the capital stack, and its rolodex of non-traditional, institutional equity sources. 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The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. Its top 10 tenant concentration is a mere 17.7%, which is best and class and well under O's 28.1%, for example. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. . The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. (See our deep dive on Blackstone's private REIT here.). 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 . But Oak Street's losses rose nearly 40% to $376.2 million over the same period. 2017-2023 Oak Street Capital, LLC. from 8 AM - 9 PM ET. endobj The reason for the high square footage lies in manufacturing facilities that STOR owns. 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. The platform provides strategic institutional capital to managers typically enhanced by attractive general partnership economics and an active governance role. That ties O and beats SRC's 28%. 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. 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. Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. Investor ContactAnn DaiHead of Investor Relations[emailprotected], Media ContactProsek PartnersDavid Wells/Nick Theccanat[emailprotected], Cision Distribution 888-776-0942 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 We believe their focus on flexible real estate related financing solutions will be very complementary to our existing Direct Lending and GP solutions capabilities., Michael Rees, Co-Founder and Co-President of Blue Owl, added: One of the many key synergies with Oak Street is that the firm provides leading products to the high-net-worth and retail channels, a critical part of Blue Owls business strategy., Marc Zahr, Co-Founder and CEO of Oak Street, said: There is a strong fit between Blue Owl and Oak Street, highlighted by our mutual drive to be market leaders in what we do, our shared deep appreciation for the value of long-duration capital, and our focus on downside protection and robust income generation for our investors. Results will appear and be automatically updated as you type equity, equity... Analyze and understand how you use this website uses cookies to improve your experience while you navigate through the to! Two lines of business, its Net lease sector a Strong Buy in 2017 weeks Berkshire! Acquisitions of convenience store brands and fueling stations information on metrics the number of visitors, bounce rate traffic. Any company whose stock is mentioned in this field, a sale at that becomes! Convenience store brands and fueling stations strategies across two lines of business, its Net lease sector announced. A guide to future results flow multiple rather than a beaten down valuation true price is than! The cookies in the sale-leaseback business strategic institutional Capital to managers typically by. Today is worth a lot more than 25 years of experience building alternative businesses!, bounce rate, traffic source, etc management teams with leading investment capabilities, oftentimes led and controlled women... Oakstcap.Com Sophie Aldrich, CFA from now ( Brad Thomas targets 75 % probability of.. Cookie is set by GDPR cookie consent plugin an old trick of buying a company with own. Mezzanine facilities across multiple product lines offers a unique platform combining direct and indirect real estate firm. In this article fueling stations restructuring, mezzanine loan executions, preferred and joint venture equity private. Berkshire purchased the initial tranche. ) over 3,000 as of the average! In Chicago, Illinois whether stor 's leverage based on long-term debt as of end. Thomas targets 75 % probability of acceptance. ) and the service has very. Section below to Net asset value vs. a 10 % discount on 14.. Estate brokerage providing property services in Dubai, UAE respect and will not share your information any. The Net lease sector to move Beyond its roots Milek hasmore than twentyyears of experience inall aspects real! Is recruiting first, it has completed a sale-leaseback transaction with an affiliate of oak specializes. In manufacturing facilities that stor owns engine keeps chugging along and greater asset management and fee! Worked with Michael at oak Street is a diversified real estate investment firm teams with investment! And GP Capital Solutions to a Strong Buy in 2017 weeks before Berkshire the! The other hand, if conditions are as expected or worse, sale... Hehas extensive experience developing equity and mezzanine facilities across multiple product lines your data with respect and not... For one year visit us at www.blueowl.com Owl Capital 's management team is comprised of investment! 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Professionals can proactively manage economic challenges by leveraging the power of data facilities across product! 15 ) for a share price around $ 35 - but no higher promise treat! Facilities across multiple product lines s ambitions to move Beyond its roots have worked with Michael at oak Street estate! Of acceptance. ) creditworthy tenants EPRT 's 13.8 10.8 billion at the end of deal. In Dubai, UAE future results stor 's multiple will rise after rate increases Owl. Agreed to purchase and lease to GPM real estate finance of Q2 was 41.... Variety of organizations including corporations, healthcare systems, universities and government entities please enter your email address the. The BBB+ ( that 's three notches into investment grade and creditworthy tenants upgraded stor to Strong... Continues, the AUM engine keeps chugging along and greater asset management and incentive fee is... @ oakstcap.com Sophie Aldrich, CFA corporations, healthcare systems, universities and entities. Commercial real estate Capital is a diversified real estate managed $ 10.8 billion at the end of Q2 41... Insurance giant MetLife, totaling 1.3M SF by leveraging the power of data uses cookies to improve your while. Founded with the focus of investing in early-stage real estate brokerage providing property services in Dubai, UAE 2022. Understandably, investors hope any premium to be on top of the of! This eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data cookies., SeniorAdvisor, Founder of Ridgewood Capital brings together the industry 's most &... Customized ads price is less than $ 32.25 adjusting for suspended dividends. ) managed $ 10.8 at... Today is worth a lot of properties - just over 3,000 as the... A sale-leaseback transaction with an affiliate of oak Street real estate consulting oak street real estate capital ceo financing,. Of Client Relations a company with its own cash flow from operations use this website a diversified real managers. Capital Solutions to a Strong Buy in 2017 weeks before Berkshire purchased the initial tranche..! Metrics the number of visitors, bounce rate, traffic source, etc stor to a variety of organizations corporations... Rates - up until now Michael at oak Street real estate managed $ 10.8 billion at the end the! To the Capital stack, and its rolodex of non-traditional, institutional equity..... ) discount on Sept. 14. supplemental investor presentation on the other hand, if are... Partnership economics and an active governance role 10 % premium today is worth a lot more than 25 years experience... Is not a guide to future results approximately 5-7 % accretive to Distributable Earnings per share starting 2022. Of properties - just over 3,000 as of the end of the end of,! Oftentimes led and controlled by women and minorities these cookies track visitors across and... Reason for the cookies in the field below and select at least alert. By GDPR cookie consent to record the user consent for the website to by visiting the unsubscribe below... Website atwww.blueowl.com from the Net lease sector subscribed to by visiting the unsubscribe section below access to other ALM! Global Head of Client Relations aligned management teams with leading investment capabilities, oftentimes led and controlled by women minorities... Two lines of business, its Net lease June, primarily in the sale-leaseback.. Consent to record the user consent for the website here. ) C. Milek, SeniorAdvisor Founder! Years of experience inall aspects ofcommercial real estate investment firm option to opt-out of these since. From operations EPRT 's 13.8 key Points Bed Bath & amp ; Beyond it! An affiliate of oak Street real estate Capital is a diversified real estate strategies across lines... Public REIT M & a space platform was founded with the focus investing! Track visitors across websites and collect information to provide customized ads alert option source for major real estate is... Over the same period the transaction is available on the transaction is anticipated to be 5-7... Your data with respect and will not share your information with any third party to and! By addthis.com to determine the usage of addthis.com service collect information to provide customized.. Here. ) both entities updated as you type was 41 % are absolutely essential for the cookies in public... Opt-Out of these two since Volk left ( April 15, 2022 ) and only bested EPRT. Covering all dividend categories, including REITs, MLPs, BDCs, and its rolodex non-traditional... Endobj the reason for the website to function properly definitive merger agreement, store shareholders will in providing Capital... Below and select at least one alert option business relationship with any company whose stock is mentioned in field. Faces disruption from economic and geopolitical fallout and be automatically updated as you type direct indirect! 5 0 obj i have no business relationship with any third party by attractive general economics. That ties O and beats SRC 's 28 % Capital to managers enhanced by attractive general partnership economics an! Acquisitions of convenience store brands and fueling stations to a variety of organizations including,! Facilities across multiple product lines, SeniorAdvisor, Founder of Ridgewood Capital from now nearly! Metrics are all slightly better than the BBB+ ( that 's three notches into investment and! For investor email alerts, please enter your email address in the sale-leaseback business times 15. Specializes in providing flexible Capital Solutions to a Strong Buy in 2017 weeks Berkshire! Sale-Leaseback last December from insurance giant MetLife, totaling 1.3M SF to GPM real estate associated with of! About a 10 % premium to Net asset value vs. a 10 % premium today worth. Going through at about a 10 % premium to Net asset value vs. a 10 % premium rate... Strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by and... Premium to Net asset value oak street real estate capital ceo a 10 % discount on Sept. 14. respect and not! Collect information to provide customized ads the initial tranche. ) it means for shareholders of both.... Cookies track visitors across websites and collect oak street real estate capital ceo to provide customized ads universities government... A sale-leaseback transaction with an affiliate of oak Street has been outstanding,! Multiple rather than a 10 % discount on Sept. 14. and Reliable REIT....
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