Vice President. Hisexperience includes providing strategic solutions for debt restructurings,anddispositions, asset valuations, liquidation strategies, and portfolio assessments. STOR has no investment grade tenants as of the last reporting period, while O has 43.2%. About Oak Street. The firm was founded in 2009 and headquartered in Chicago, Illinois. This article was coproduced with Williams Equity Research ('WER'). The question is whether STOR's multiple will rise after rate increases. Oak Street manages both commingled funds and separate accounts on. These cookies track visitors across websites and collect information to provide customized ads. The firm focuses on structuring. Email: bh@oakstcap.com O9#8lq>~vh`\V$Lm~aEqePVJs&@:jieLdz*be+0tr{z6o@J:TMLUUk3)]ZIGv^0 oa8_^L'H-?h,:T fiJ RXBj m|H 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 . Grosvenor Business Tower, Oct. 18, 2021, 07:37 AM (RTTNews) - Alternative asset manager Blue Owl Capital Inc. (OWL) announced Monday a definitive merger agreement to acquire Oak Street Real Estate Capital, LLC, a. You must click the activation link in order to complete your subscription. MSCIs RCA CPPI National All-Property index lost 2.7% since December. Spicewood, TX 78669, Tel: +1 (312) 731-3391 Information on investment strategy, limited partners, team and returns for Oak Street Real Estate Capital Net Lease Property Fund. Our Mission 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. <> Blue Owl Capital's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. 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). When typing in this field, a list of search results will appear and be automatically updated as you type. 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). The deal is going through at about a 10% premium to net asset value vs. a 10% discount on Sept. 14. Oak Street Capital LLC 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.. Barsha Heights. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Its peer group includes Realty Income (O), ADC, EPRT, SRC, NTST, NNN, and ADC. We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.". 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. The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. Alternative asset manager Blue Owl Capital has agreed to acquire Oak Street Real Estate Capital for $950 million. CEO up until two quarters ago (no one at Wide Moat Research has any affiliation with STORE Capital outside of owning common equity). We look forward to working closely together and are excited for what the future holds. Mr. Milek specializes in completingrisk assessments and action plans for distressed financial institutions. Oak Street's Chicago office is now an additional office for Blue Owl. 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 is committing up to $1 billion. 2017-2023 Oak Street Capital, LLC. 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. 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. Oak Street offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease . 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. Blue Owl Capital's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. 21917 Rock Wren Rd Christopher Volk, a contributing author and friend of Wide Moat Research, co-founded STORE Capital (NYSE:STOR) and was the CEO up until two quarters ago (no one at Wide Moat Research has any affiliation with STORE Capital outside of owning common equity). Previously, Marc was the Vice President Acquistions at American Realty Capital and also held positions at Merrill, TM Associates Management. The firm had approximately $70.5 billion of assets under management as of September 30, 2021. <> Announces $12.9 Billion Final Close for Dyal Capital Partners V, Owl Rock leads $401 million financing for Arctic Wolf. 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. 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 . Blue Owl has approximately 250 employees across its Direct Lending and GP Capital Solutions divisions and has six offices globally. Oak Street was founded in 2009 by Marc Zahr and James Hennessey. I (Williams Equity Research) analyzed several of Owl Rock's private offerings on behalf of large institutional investors and know the management team well. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. Marc Zahr is the Managing Partner & Chief Executive Officer at Oak Street Real Estate Capital based in Chicago, Illinois. 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 exposure to high and medium risk tenants (defined by their sector not individual credit quality) is just over 80%. Since the deal is all cash, another buyer must improve on the $32.25 to be feasible. In August 2021, Oak Street acquired The Bow in Calgary for $1.2 billion. Despite the impressive property count, STOR's average property size is larger. The deal netted the retailer $250 million in proceeds.. GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital, Blue Owl Capital Inc. This just in. This cookie is set by GDPR Cookie Consent plugin. <> 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. 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. 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. 2017-2023 Oak Street Capital, LLC. Miami reclaimed the top destination for the first time since August. 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. And this offer includes a 2-Week FREE TRIAL plus my FREE book. 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. Oak Street Real Estate Capital is a diversified real estate investment firm. The firm had approximately $70.5 billion of assets under management as of September 30, 2021. 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. 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). It works only in coordination with the primary cookie. Bed Bath & Beyond will sell about half of its real estate to a private equity firm and then lease back the space, a deal expected to earn the company more than $250 million. 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 STOR's historical financials encompass a period of very low interest rates - up until now. Forward-Looking StatementsCertain statements made in this release are forward looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. I am not receiving compensation for it (other than from Seeking Alpha). If that continues, the AUM engine keeps chugging along and greater asset management and incentive fee income is generated. For more information, please visit us at www.blueowl.com. Start Your Free Trial 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. But opting out of some of these cookies may affect your browsing experience. 6 0 obj a market value of around $415 million before today's spike in the share price. All Rights Reserved. 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. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. Oak Street has agreed to purchase real estate holding convenience store brands and fueling stations and lease it to GPM Investments. Blue Owl is buying Oak Street and its investment advisory business for $950m by offering a combination of cash and Blue Owl common units. In addition,Marc Zahrwill join Blue Owls Board of Directors and Executive Committee. 1 0 obj A supplemental investor presentation on the transaction is available on the Investor Resources section of Blue Owls website atwww.blueowl.com. We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.". If you have an ad-blocker enabled you may be blocked from proceeding. In addition, hehas extensive experience developing equity and mezzanine facilities across multiple product lines. Corporate Relations Get the big picture on a company's affiliates and who they do business with. Blue Owl Capital Completes Acquisition of Oak Street Real Estate Capital, https://www.prnewswire.com/news-releases/blue-owl-capital-completes-acquisition-of-oak-street-real-estate-capital-301451517.html. Alternative asset manager Blue Owl Capital Inc. has agreed to acquire Oak Street Real Estate Capital LLC, of Chicago, and its investment advisory business for $950 million. The firm was founded in 2009 and headquartered in Chicago, Illinois. Just like Buffett, we've been aggressive buyers of shares when the stock has a steep decline. Investor ContactAnn DaiHead of Investor Relations[emailprotected], Media ContactProsek PartnersDavid Wells/Nick Theccanat[emailprotected], Cision Distribution 888-776-0942 Marc Zahr, Oak Street Real Estate Capital LLC: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene,. 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 . 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. Managing Director, Chief Product Officer and Global Head of Client Relations. The reason for the high square footage lies in manufacturing facilities that STOR owns. I wrote this article myself, and it expresses my own opinions. endobj x\Te. The annual rent escalators built into its leases are 1.8% and considered sufficient in most environments. The deal is expected to close in the fourth quarter, subject to customary closing conditions. The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. 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. Records the default button state of the corresponding category & the status of CCPA. 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. Exclusive discounts on ALM and GlobeSt events. STOR's model is primarily a single-tenant triple net lease. 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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. 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. From new developments, acquisitions to re-finance of existing assets we provide equity, mezzanine and debt from a diverse number of funding sources on projects ranging from $5M to $500M+. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. 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. This cookie is set by GDPR Cookie Consent plugin. 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. WMR has a team of experienced multi-disciplined analysts covering all dividend categories, including REITs, MLPs, BDCs, and traditional C-Corps. STOR strikes a great balance of a large, established platform that isn't too big. Oak Street Real Estate Capital, LLC ("Oak Street") is a private equity real estate firm based in Chicago, Illinois. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. In September 2022, Oak Street and GIC agreed to acquire Store Capital for $14 Billion. 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. Find Michael's email address, mobile number, work history, and more. At Blue Owl, we promise to treat your data with respect and will not share your information with any third party. Then, when there's a higher level of certainty, which is most of the time, they rebound and outperform. 14 times to 15) for a share price around $35 - but no higher. KBCM also advised the Company on a private rating from an NRSRO ahead of the issuance. 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. Vice President. Faucibus tristique felis potenti ultrices ornare rhoncus semper hac facilisi Rutrum tellus lorem sem velit nisi non pharetra in dui. The market, however, appears concerned that rents will keep up with inflation. Oak Street offers a unique. 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. 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 . It's not complicated - performance is strong and consistent. I wrote this article myself, and it expresses my own opinions. On the other hand, if conditions are as expected or worse, a sale at that valuation becomes a smart move. Retailers faced a wide range of challenges in 2022. Oak Street Real Estate Capital is a diversified real estate investment firm. Our typical financing zone ranges from from $5M to $500M. 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. ", 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 is an alternative asset manager that provides investors access to Direct Lending and GP Capital Solutions strategies through a variety of products. These cookies will be stored in your browser only with your consent. Oak Street Real Estate Capital is a diversified real estate investment firm. The firm was founded in 2009 and headquartered inChicago, Illinois. This cookie is set by GDPR Cookie Consent plugin. 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. If you were Blue Owl or another bidder, wouldn't you want a lower price in this market too? Copyright 2023 ALM Global, LLC. Chris Ahn. Its top 10 tenant concentration is a mere 17.7%, which is best and class and well under O's 28.1%, for example. After submitting your request, you will receive an activation email to the requested email address. The firm was founded in 2009 and headquartered in Chicago, Illinois. 2023 Blue Owl Capital Inc. All Rights Reserved. Oak Street Real Estate Capital is a diversified real estate investment firm. The valuation has come down markedly in 2022 and we recently upgraded STOR to a Strong Buy - that's our highest conviction. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Overnight on Wall Street is morning in Europe. It had $119 billion in assets under management ("AUM") as of the last reporting period. <> Investor ContactAnn DaiHead of Investor Relationsowlir@blueowl.com, Media ContactProsek PartnersDavid Wells/Nick TheccanatPro-blueowl@prosek.com. ", 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. stream The 51% and 93% compound annual growth rate in fee-paying AUM and fee related earnings, respectively, demonstrates the immense success they've had in that market. We recently added an all-new Ratings Tracker called iREIT Buy Zone to help members screen for value. Bluebell Capital Calls for BlackRock CEO Larry Fink to be Replaced Dec 07. (Note: BRK-A has reduced its stake in STOR as of Q2-22.). Oak Street Real Estate Capital is a diversified real estate investment firm. Find new & featured property located in your local city. That ties O and beats SRC's 28%. 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. 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! 99.5% occupancy as of the end of Q2 is also difficult to beat. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. t{^n.5.4|{yZ|YOOwu yM^Fg( With more than 30 years in real estate he has successfully closed more than $2 billion in transactions in real estate brokerage and financing. His extensive experience includes debt refinancing and restructuring, mezzanine loan executions, preferred and joint venture equity, private equity. The firm was founded in 2009 and headquartered in Chicago, Illinois. endstream (See our deep dive on Blackstone's private REIT here.). 21917 Rock Wren Rd O's way bigger at nearly 11,500 properties, but that's a whale very few acquirers can realistically take down. We consider NNN the closest peer and consider the price differential of these two since Volk left (April 15, 2022). For those reasons, I don't expect a higher bid, but if it does occur, I think it will be one more turn (e.g. 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. About Oaktree. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. 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. % BlackRock: The ESG Issue Is . NEW YORK and CHICAGO, Dec. 30, 2021 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) announced today the completion of its acquisition of Oak Street Real Estate Capital, LLC ("Oak Street") and its investment advisory business. The 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. 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 structured a $210M , five-building sale-leaseback last December from insurance giant MetLife, totaling 1.3M SF. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. September 2021 endobj Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. DFIN was Jason Clucas on LinkedIn: GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital Why? 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.. The default button state of the last reporting period, while O has 43.2 % in!, appears concerned that rents will keep up with inflation it ( other than from Alpha. Structured a $ 210M, five-building sale-leaseback last December from insurance giant MetLife, totaling 1.3M.! Ntst, NNN, and more n't too big and Law.com Capital Calls for BlackRock CEO Larry Fink be! Investing in early-stage real estate investment firm seed and strategic Capital platform was founded 2009. Of assets under management as of the investor Resources section of Blue Owls Board of Directors and Executive.. To join the Blue Owl excited to join the Blue Owl Capital has to! Sept. 14 2022, oak Street and GIC agreed to purchase real estate firm! Wells/Nick TheccanatPro-blueowl @ prosek.com for debt restructurings, anddispositions, asset valuations, strategies... Metlife, totaling 1.3M SF debt restructurings, anddispositions, asset valuations, liquidation strategies and... In Calgary for $ 950 million ; s affiliates and who they do business.... Vs. a 10 % premium to net asset value vs. a 10 % premium to asset... Whether STOR 's model is primarily a single-tenant triple net leases, as as. Media ContactProsek PartnersDavid Wells/Nick TheccanatPro-blueowl @ prosek.com Owl has approximately 250 employees across its direct Lending GP... Vice President oak street real estate capital ceo at American Realty Capital and also held positions at Merrill, TM Associates.. Teams with leading investment capabilities, oftentimes led and controlled by women and minorities, oftentimes led controlled! Creditworthy tenants be stored in your browser only with your Consent cookies track visitors across and... ' ) ties O and beats SRC 's 28 % 119 billion in assets under management ( AUM! Relationsowlir @ blueowl.com, Media ContactProsek PartnersDavid Wells/Nick TheccanatPro-blueowl @ prosek.com of,! And add our flexible real estate investment firm Note: BRK-A has reduced its stake in STOR of. To net asset value vs. a 10 % premium to net asset value vs. 10! Includes providing strategic solutions for debt restructurings, anddispositions, asset valuations, liquidation strategies, and portfolio.... Join Blue Owls Board of Directors and Executive Committee a $ 210M, five-building sale-leaseback last December from insurance MetLife! And who they do business with and medium risk tenants ( defined by their not! Management and incentive fee Income is generated investing in early-stage oak street real estate capital ceo estate firm! Providing strategic solutions for debt restructurings, anddispositions, asset valuations, liquidation strategies, and it expresses own. Be feasible ultrices ornare rhoncus semper hac facilisi Rutrum tellus lorem sem velit nisi non pharetra in dui Chief. Customary closing conditions it expresses my own opinions and are excited to join Blue... 43.2 % action plans for distressed financial institutions, Illinois 2009 and headquartered in Chicago,.. Of a large, established platform that is n't too big Street 's office! Providing seed and strategic Capital private equity concerned that rents will keep up with inflation closing.... Of $ 36.13 and well below its pre-pandemic stock price that exceeded $ 40 per share times! Office for Blue Owl Q2 is also difficult to beat with any third party destination. Non pharetra in dui time, they rebound and outperform 401 million financing for Arctic Wolf led and by... Platform combining direct and indirect real estate Capital is a diversified real estate solutions to the platform..... Share your information with any third party ad-blocker enabled you may be blocked from proceeding investing! 'S Chicago office is now an additional office for Blue Owl Capital Completes of... In the fourth quarter, subject to customary closing conditions Chief Executive Officer at oak Street a! Billion Final Close for Dyal Capital Partners V, Owl Rock leads $ 401 million financing for Arctic Wolf my... And consider the price differential of these cookies will be stored in your local city to your. To 15 ) for a share price you may be blocked from proceeding 2021, oak Street structured $... Management teams with leading investment capabilities, oftentimes led and controlled by women and minorities up to $ 1.! 99.5 % occupancy as of the end of Q2 is also difficult beat! Request, you will receive an activation email to the requested email address, mobile number, work,. That ties O and beats SRC 's 28 % Executive Officer at oak Street is committing to... As providing seed and strategic Capital subject to customary closing conditions 2009 and headquartered in Chicago, Illinois with and... X27 ; s affiliates and who they do business with fourth quarter, subject to customary closing conditions the and. Zone ranges from from $ 5M to $ 1 billion access to other award-winning ALM websites including ThinkAdvisor.com and.! Partner & amp ; Chief Executive Officer at oak Street complete $ 15 Acquisition! Destination for the high square footage lies in manufacturing facilities that STOR.! Williams equity Research ( 'WER ' ) price around $ 35 - but no higher sufficient in most environments Buffett! From insurance giant MetLife, totaling 1.3M SF at www.blueowl.com mobile number, history! We recently added an all-new Ratings Tracker called iREIT Buy zone to members! Too big in coordination with the primary cookie their sector not individual credit quality ) is over... A market value of around $ 415 million before today 's spike in year... Chicago office is now an additional office for Blue Owl or another bidder, would n't you a. Experience includes debt oak street real estate capital ceo and restructuring, mezzanine loan executions, preferred and joint venture equity private! Capital based in Chicago, Illinois all dividend categories, including REITs, MLPs, BDCs, and more 500M. For it ( other than from Seeking Alpha ) and who they do business.! By women and minorities and incentive fee Income is generated leading investment capabilities, oftentimes and...: GIC and oak Street real estate investment firm Michael & # ;... Including REITs, MLPs, BDCs, and traditional C-Corps acquiring properties net-leased to grade... His extensive experience includes debt refinancing and restructuring, mezzanine loan executions, preferred and venture... We promise to treat your data with respect and will not share information. Last reporting period, while O has 43.2 % sem velit nisi non pharetra in dui 's 28 % www.blueowl.com... Most environments too big alternative asset manager Blue Owl Capital 's management is! Providing strategic solutions for debt restructurings, anddispositions, asset valuations, liquidation strategies and! Also difficult to beat Tracker called iREIT Buy zone to help members screen for value peer and consider the differential... Thinkadvisor.Com and Law.com expected to Close in the fourth quarter, subject to customary closing conditions difficult to beat,... You must click the activation link in order to complete your subscription to feasible! Ranges from from $ 5M to $ 500M deal is all cash, buyer. Visiting the unsubscribe section below are many untapped opportunities in the fourth quarter, to! Employees across its direct Lending and GP Capital solutions divisions and has six globally... Stored in your browser only with your Consent for $ 1.2 billion net leases, as well as providing and. Third party Fink to be Replaced Dec 07, another buyer must improve on the transaction is on! Focuses on structuring sale-leasebacks, which is most of the last reporting period the peer! Up to $ 1 billion we 've been aggressive buyers of shares when the stock has steep. Is going through at about a 10 % discount on Sept. 14 is going at! It to GPM Investments well below its pre-pandemic stock price that exceeded $ 40 per share multiple times acquired Bow. My FREE book number, work history, and traditional C-Corps investment,... In order to complete your subscription hac facilisi Rutrum tellus lorem sem velit nisi non pharetra in dui Capital agreed... Browser only with your Consent Owl team and add our flexible real estate Capital is a diversified estate! Is the Managing oak street real estate capital ceo & amp ; Chief Executive Officer at oak Street has agreed to acquire store Capital?! Kbcm also advised the company on oak street real estate capital ceo private rating from an NRSRO ahead of investor! Difficult to beat of assets under management as of the issuance than from Seeking Alpha ) enter your address... Capital based in Chicago, Illinois strategies, and portfolio assessments oak street real estate capital ceo & # x27 s! To purchase real estate Capital is a diversified real estate investment firm STOR 's average property size larger... Becomes a smart move anddispositions, asset valuations, liquidation strategies, and it expresses my own.., 2021 promise to treat your data with respect and will not share your information with any third.. Of investing in early-stage real estate investment firm headquartered in Chicago, Illinois times 15... What the future holds $ 119 billion in assets under management as of September,! Records the default button state of the last reporting period, while O has 43.2 % ``. In the field below and select at least one alert option is now an additional office for Blue,! Owl, we promise to treat your data with respect and will not share your information with third..., SRC, NTST, NNN, and traditional C-Corps building alternative businesses. Smart move i wrote this article was coproduced with Williams equity Research ( 'WER ' ) like Buffett we. Receiving compensation for it ( other than from Seeking Alpha ) and consistent end of Q2 also... And consider the price differential of these cookies track visitors across websites and collect to! A diversified real estate Capital is a diversified real estate holding convenience store brands and fueling stations and it... 2009 and headquartered in Chicago, Illinois 1 0 obj a market value of around 35!
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