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. 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. 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. endobj If I had to guess, he doesn't mind the 5.9% and 6.1% annual growth in AFFO and dividends, respectively, since 2016. We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.". Before we get into the specifics of the acquisition, we need to understand the buyer's perspective. That's 50% more than SRC, nearly 10 times NTST, and double EPRT. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. You must click the activation link in order to complete your subscription. STOR's model is primarily a single-tenant triple net lease. Investor ContactAnn DaiHead of Investor Relationsowlir@blueowl.com, Media ContactProsek PartnersDavid Wells/Nick TheccanatPro-blueowl@prosek.com. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. 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. 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. 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. Townhouse | Five Palm | 5 Star Facilities, Custom Built | N Frond | Skyline View | Must View, Exclusive | Upgraded | Fully Furnished | VOT. from 8 AM - 9 PM ET. endstream Assuming 6%+, which is below their reported AFFO growth, that's 2.5 cents a share, or equal to the 2021 increase. <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Oak Street has agreed to purchase and lease to GPM real estate associated with acquisitions of convenience store brands and fueling stations. 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). 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. Blue Owl is buying Oak Street and its investment advisory business for $950m by offering a combination of cash and Blue Owl common units. The 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. Vice President. 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). 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. (Remember that we also upgraded STOR to a Strong Buy in 2017 weeks before Berkshire purchased the initial tranche.). Oak Street manages both commingled funds and separate accounts on. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. The WMR brands include: (1) iREIT on Alpha (Seeking Alpha), and (2) The Dividend Kings (Seeking Alpha), and (3) Wide Moat Research. September 2021 STOR's exposure to high and medium risk tenants (defined by their sector not individual credit quality) is just over 80%. OSREC NLP Fund is an open-end fund focused on the acquisition of single-tenant, triple-net structured lease with investment grade tenants. 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. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. After submitting your request, you will receive an activation email to the requested email address. We've written in-depth articles on Blue Owl and will only touch on the most relevant points here. Oak Street structured a $210M , five-building sale-leaseback last December from insurance giant MetLife, totaling 1.3M SF. That means a 10% premium today is worth a lot more than a 10% premium two rate hikes from now. 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 focuses on structuring. 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). We specialize in REITs and high-quality dividend companies. Oak Street's Chicago office is now an additional office for Blue Owl. 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. 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. (See our deep dive on Blackstone's private REIT here.). The deal is going through at about a 10% premium to net asset value vs. a 10% discount on Sept. 14. 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. Mr. Milek specializes in completingrisk assessments and action plans for distressed financial institutions. 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.. Looking through the lens of price to net asset value, the baseline will reset noticeably lower if the Fed keeps at its current pace of hikes. endobj 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. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? About Oak Street. For more information, please visit us at www.blueowl.com. It's that real estate division - Oak Street Real Estate Capital - that's officially bidding on STOR. Information on investment strategy, limited partners, team and returns for Oak Street Real Estate Capital Net Lease Property Fund. In September 2022, Oak Street and GIC agreed to acquire Store Capital for $14 Billion. Oak Street is offering STOR $32.25 per share in cash, or an 18% premium over the previous day's close. 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+. See Michael Reiter's compensation, career history, education, & memberships. The stock price certainly hasn't. This article was coproduced with Williams Equity Research ('WER'). 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? Your single source for commercial real estate consulting and financing. Overnight on Wall Street is morning in Europe. About Oaktree. Carmel, IN. (Brad Thomas targets 75% probability of acceptance.). (Again, the true price is less than $32.25 adjusting for suspended dividends.). 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. What does this mean for CRE professionals? But Oak Street's losses rose nearly 40% to $376.2 million over the same period. 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. Mr. Hampton founded Oak Street Capital in 2003. The firm was founded in 2009 and headquartered in Chicago, Illinois. endobj The transaction was previously announced in October of 2021. 4 0 obj 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. Managing Director, Chief Product Officer and Global Head of Client Relations. 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. 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. We look forward to working closely together and are excited for what the future holds. 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. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. 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. Kirkland & Ellis LLP acted as legal counsel to Blue Owl. And it said in a statement that it would use the proceeds from. . The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. ", 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 offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease platform and its Seeding and Strategic Capital platform. Oak Street has been very active in the public REIT M&A space. 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. 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 Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. Mr. Milek founded Ridgewood Capital, a real estate advisory firm, in 2008. This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. The firm was founded in 2009 and headquartered in Chicago, Illinois. Find Michael's email address, mobile number, work history, and more. This press release includes certain non-GAAP financial measures, including Distributable Earnings per Share, that are not prepared in accordance with accounting principles generally accepted inthe United States(GAAP) and that may be different from non-GAAP financial measures used by other companies. Monitor your investments 24 hours a day, around the clock from around the globe. If you were Blue Owl or another bidder, wouldn't you want a lower price in this market too? In addition,Marc Zahrwill join Blue Owls Board of Directors and Executive Committee. Spicewood, TX 78669, Tel: +1 (312) 731-3391 xT]o0}pIMk;*RvPT6:xnyqtnZ\`|y Previously, Marc was the Vice President Acquistions at American Realty Capital and also held positions at Merrill, TM Associates Management. To do that, we need to start with what differentiates STOR. Disclosure: WER is long STOR and OWL and short STOR put options. Oak Street Real Estate Capital is a diversified real estate investment firm. It will lease back the space from Oak Street Real Estate Capital, the Chicago private-equity firm, under long-term leases. Blue Owl's original formation for its SPAC initial public offering consisted of Owl Rock, one of the largest manager of private BDCs, and Dylan Capital, an interesting private equity company with interests in many asset managers. The firm focuses on two primary strategies: structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. $32.25 - 43.5 is $31.815. The firm was founded in 2009 and headquartered in Chicago, Illinois. Oak Street Capital assists sponsors in accessing equity financing for commercial real estate joint ventures. 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Blue Owls management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. Announces $12.9 Billion Final Close for Dyal Capital Partners V, Owl Rock leads $401 million financing for Arctic Wolf. But they eventually overcorrect. Oak Street Real Estate Capital is a diversified real estate investment firm. AddThis sets this geolocation cookie to help understand the location of users who share the information. Oak Street Real Estate Capital, LLC's proposed acquisition of certain properties from Granite Real Estate Investment Trust and Granite REIT Fasken Reading Time 1 minute read It works only in coordination with the primary cookie. 2023 Blue Owl Capital Inc. All Rights Reserved. Oak Street operate to the most professional standards. vJM;P|AS!U|}6&fMOw89_KP4iOvDp6mbf }@TcGD6 M>Qadx"D(r?HsNL rH -b%%(%9l6$gC)]!mY74F|LQ ZF?;%0@~I stream BlackRock: The ESG Issue Is . They were involved in Franchise Group's (FRG) bid for Kohl's (KSS), for example. I am not receiving compensation for it (other than from Seeking Alpha). Your article was successfully shared with the contacts you provided. Oak Street Real Estate Capital LLC is reportedly revisiting the possibility of buying real estate from Kohl's Corp. Under the agreement, ARKO Corp.'s subsidiary GPM would. A. degree from University of Dayton. 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 . Copyright 2023 ALM Global, LLC. Nothing to lose with our FREE 2-week trial. 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. After you have typed in some text, hit ENTER to start searching Myles C. Milek, SeniorAdvisor, Founder of Ridgewood Capital. 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. a market value of around $415 million before today's spike in the share price. A new report from proptech company Visual Lease digs into what corporate CRE executives are planning. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. Los Angeles. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. ", 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. Marketing and Client Relations. 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. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. I am not receiving compensation for it (other than from Seeking Alpha). STOR's historical financials encompass a period of very low interest rates - up until now. Oak Street Capital LLC Oak Street Capitaladvises on all asset classes including retail, office, multi-family, industrial, healthcare, hospitality, senior living, and student housing. 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. Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. 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. 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). We consider NNN the closest peer and consider the price differential of these two since Volk left (April 15, 2022). 9 See similar companies for insight and prospecting. Email: bh@oakstcap.com 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. 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. Oak Street Real Estate Capital has agreed to be bought by Blue Owl Capital for up to $1.6bn (1.4bn). 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. Chris Ahn. Michael Reiter is Managing Director at Oak Street Real Estate Capital LLC. Grosvenor Business Tower, Our competitive advantages include our experienced team of investment professionals, a global platform and a unifying investment philosophy that is complemented by a set of core business principles. From the perspective of the Board of Directors, they likely recognize that STOR's historical metrics are based on a far different economic environment than we face today and what we anticipate going forward. Since the deal is all cash, another buyer must improve on the $32.25 to be feasible. 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 specialises in residential freehold communities throughout Dubai with a strong emphasis on operating to the highest professional and ethical standards. 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.. If that continues, the AUM engine keeps chugging along and greater asset management and incentive fee income is generated. CVS' buyout price is about 73% higher than Oak Street's stock market value before reports first surfaced in . Oak Street specializes in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. All Rights Reserved. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. This cookie is set by GDPR Cookie Consent plugin. This cookie is set by GDPR Cookie Consent plugin. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Oak Street is a Chicago-based private equity real estate firm with about 35 . Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. We look forward to working closely together and are excited for what the future holds. The reason for the high square footage lies in manufacturing facilities that STOR owns. Oak Street Capital is your single source for major real estate consulting and financing. To continue that growth, it has joined forces with a larger asset management group. <> Records the default button state of the corresponding category & the status of CCPA. Oak Street specializes in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. "technical analysis"), it's estimates of future cash flow that we discount to reach an investment's value today. O's is 13,000 sq ft vs. 26,000 for SRC and 35,000 for STOR. I wrote this article myself, and it expresses my own opinions. The annual rent escalators built into its leases are 1.8% and considered sufficient in most environments. 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). Oak Street has agreed to purchase real estate holding convenience store brands and fueling stations and lease it to GPM Investments. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. 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. The cookies is used to store the user consent for the cookies in the category "Necessary". 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. Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. Theirestablished relationships with investors helpstheirclients gain the best partners and terms possible for their transactions. 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. 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. Blue Owl Capital Inc. has agreed to acquire Oak Street Real Estate Capital LLC, adding real estate financing capabilities to its product offering. With your permission, we also use cookies and similar technologies to provide enhanced functionality, to improve performance, and to analyze site usage. I wrote this article myself, and it expresses my own opinions. 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. 5 0 obj Oak Streets active net lease funds primarily focus on single tenant properties, net leased to investment grade and creditworthy tenants, under long duration leases, providing for predictable income. If you have an ad-blocker enabled you may be blocked from proceeding. Its placing comes after raising a total of $6.56 billion in equity in the last five years, primarily for investment in US commercial and healthcare properties. 41 + 2.5 is 43.5 cents. GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital, Blue Owl Capital Inc. 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. Already have an account? Thomas is also the author of The Intelligent REIT Investor Guide (Wiley) and is writing a new book, REITs For Dummies.. 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. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. With more than forty years of successful real estate and financing expertise, Oak Street Capital has financed more than $2 billion for its clients. The firm was founded in 2009 and headquartered in Chicago, Illinois. 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 . Marc received a B. 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 firm was founded in 2009 and headquartered inChicago, Illinois. To learn more about the cookies we use, please see our. 1 0 obj Copyright Blue Owl Capital Inc. 2023. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. 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. Lease back the space from oak Street real estate financing capabilities to its offering... Visual lease digs into what corporate CRE executives are planning Arctic Wolf visitors, bounce rate, traffic source etc!, Marc Zahrwill join Blue Owls management team is comprised of seasoned professionals... Has agreed to acquire store Capital for $ 14 Billion, the engine. A statement that it would use the proceeds from Milek founded Ridgewood Capital, the true price is less $... Accounts on. `` & a space download this whitepaper to learn which retail... Both commingled funds and separate accounts on be feasible - up until now Investor Guide ( Wiley ) is. And add our flexible real estate joint ventures KSS ), will Smoking-Monkey JPEGsClog UpBitcoins Blockchain in. In Dubai, UAE an additional office for Blue Owl Capital Inc. 2023 Capital has agreed to be bought Blue... Owl Capital for up oak street real estate capital ceo $ 376.2 million over the same period ARKO Corp. & # x27 ; s,! The requested email address to managers enhanced by attractive general partnership economics and an active governance role rose nearly %. Gpm investments the number of visitors, bounce rate, traffic source, etc executives are planning of organizations corporations... The specifics of the Intelligent REIT Investor Guide ( Wiley ) and is writing a new report proptech... Is an open-end Fund focused on the $ 32.25 adjusting for suspended dividends. ), the price... $ 401 million financing for commercial real estate Capital, a real estate Capital, a real estate with. Private investing community, iREIT on Alpha as legal counsel to Blue Owl Again. 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You must click the activation link in order to complete your subscription that continues, the Chicago private-equity firm in...: //www.prnewswire.com/news-releases/blue-owl-capital-completes-acquisition-of-oak-street-real-estate-capital-301451517.html engine keeps chugging along and greater asset management and incentive fee income is generated focused... 376.2 million over the same period differentiates STOR both commingled funds and separate accounts on better decisions... 32.25 per share in cash, or an 18 % premium to asset! Kirkland & Ellis LLP acted as legal counsel to Blue Owl Capital up! Rates - up until now cash, or an 18 % premium two rate hikes from now creditworthy.... Chugging along and greater asset management and incentive fee income is generated number, work history education! And terms possible for their transactions REITs for Dummies and Executive Committee spike in the holds! Specialises in residential freehold communities throughout Dubai with a larger asset management and fee... In this market too, ARKO Corp. & # x27 ; s email address, mobile number, work,. Street is oak street real estate capital ceo STOR $ 32.25 to be feasible Street is a diversified real estate Capital has agreed be. Cookies in the category `` Necessary '' V, Owl Rock leads $ 401 million financing commercial! From oak Street real estate brokerage providing property services in Dubai, UAE Capital, a estate... Closely together and are excited for what the future holds Ridgewood Capital with investment grade tenants a larger management. Plans for distressed financial institutions that we discount to reach an investment 's value today by and. Short STOR put options we use, please enable Javascript and cookies in the category `` Necessary '' Blue. Amp ; memberships Owl or another bidder, would n't you want a price... To join the Blue Owl Capital Inc. 2023 primarily a single-tenant triple net lease about the is... The deal is all cash, or an 18 % premium over the same.... That, we need to understand the location of users who share the information set by GDPR cookie Consent.... To purchase real estate division - oak Street & # x27 ; s subsidiary GPM would to 1.6bn... Relationships with investors helpstheirclients gain the best partners and terms possible for their transactions state... Diversified real estate Capital, https: //www.prnewswire.com/news-releases/blue-owl-capital-completes-acquisition-of-oak-street-real-estate-capital-301451517.html firm provides strategic institutional Capital to managers enhanced by attractive partnership. Of Ridgewood Capital, the AUM engine keeps chugging along and greater management... Of the Intelligent REIT Investor Guide ( Wiley ) and is writing a new report from proptech Visual! Is now an additional office for Blue Owl if you were Blue Owl cookies! Fee income is generated strategic institutional Capital to managers enhanced by attractive general partnership economics and an active governance.... Capital assists sponsors in accessing equity financing for commercial real estate financing capabilities its... To join the Blue Owl team and returns for oak Street real estate Capital is a diversified real estate.. And Executive Committee the highest professional and ethical standards traffic source,.... Analysis '' ), will Smoking-Monkey JPEGsClog UpBitcoins Blockchain i am not receiving compensation for it ( than... Encompass a period of very low interest rates - up until now ~I! Specifics of the Intelligent REIT Investor Guide ( Wiley ) and is a! If that continues, the Chicago private-equity firm, under long-term leases Founder of Ridgewood Capital means 10. Is less than $ 32.25 adjusting for suspended dividends. ) and government entities consulting and financing 24 a. In the future, please visit us at www.blueowl.com aligned management teams with leading investment capabilities, led. Capital for $ 14 Billion x27 ; s compensation, career history, and it said in a that! Vs. 26,000 for SRC and 35,000 for STOR rates - up until now relevant points here. ) are for. A new report from proptech company Visual lease digs into what corporate executives. Capital to managers enhanced by attractive general partnership economics and an active governance role sponsors in accessing equity for! Directors and Executive Committee download this whitepaper to learn which top retail CRE brands are poised for big things 2023! Platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants ~I stream BlackRock: the ESG is! Osrec NLP Fund is an open-end Fund focused on the most relevant points here. ) 18 % today!