Chairman & CEO Ben Mohns Head of Asset Management - North America Brian Mutchler Head of Special Situations Erin Nahumyk Chief Accounting Officer Geoff Regnery Global Head of Investor Relations Jenna Sheehan Head of Investor Relations - North America, Chief Marketing Officer Joey Lansing Global Head of Portfolio Management & Strategy With more than 30 years in real estate he has successfully closed more than $2 billion in transactions in real estate brokerage and financing. Also, reading the tea leaves, we believe other net lease landlords (private and public) will be looking to consolidate portfolios and we suspect Realty Income (O) and Agree Realty (ADC) will continue to seek out M&A deals (which we discuss at iREIT on Alpha). The firm had approximately $70.5 billion of assets under management as of September 30, 2021. The reason for the high square footage lies in manufacturing facilities that STOR owns. Carmel, IN. The firm was founded in 2009 and headquartered in Chicago, Illinois. 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. Bluebell Capital Calls for BlackRock CEO Larry Fink to be Replaced Dec 07. WMR has a team of experienced multi-disciplined analysts covering all dividend categories, including REITs, MLPs, BDCs, and traditional C-Corps. Our typical financing zone ranges from from $5M to $500M. Its top 10 tenant concentration is a mere 17.7%, which is best and class and well under O's 28.1%, for example. The market, however, appears concerned that rents will keep up with inflation. The firm was founded in 2009 and headquartered in Chicago, Illinois. From beginning to end, Oak Street helped me source the best Property available on the market. The firm was founded in 2009 and headquartered in Chicago, Illinois. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Oak Street Real Estate Capital is a diversified real estate investment firm. Oak Street offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease platform and its Seeding and Strategic Capital platform. Vice President. Brad Thomas is the CEO of Wide Moat Research ("WMR"), a subscription-based publisher of . The firm was founded in 2009 and headquartered in Chicago, Illinois. Oak Street signed MetLife to 12-year triple net leases on the buildings . Oak Streets founding partners originate from the UK and have been operating in the UAE since 2010 with an extensive background in sales, leasing and surveying. 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. %PDF-1.7 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. 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. 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. This is the second major asset sale to be announced in recent weeks as Crombie recycles funds to invest in its ongoing development and . The firm was founded in 2009 and headquartered in Chicago, Illinois. The Chicago-based net lease specialist agreed to sell itself to Blue Owl Capital, a recently listed company that manages $62.4 billion of direct loans and capital solutions products . Oak Street manages both commingled funds and separate accounts on. Marc Zahr is the Managing Partner & Chief Executive Officer at Oak Street Real Estate Capital based in Chicago, Illinois. "technical analysis"), it's estimates of future cash flow that we discount to reach an investment's value today. 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. 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. 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.. As per the report, Oak . Spicewood, TX 78669, Tel: +1 (312) 731-3391 The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. The deal is going through at about a 10% premium to net asset value vs. a 10% discount on Sept. 14. We look forward to working closely together and are excited for what the future holds. Mr. Hampton founded Oak Street Capital in 2003. Blue Owl Capital has over 300 employees across its Direct Lending and GP Capital Solutions divisions and has nine offices globally. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. 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. OSREC NLP Fund is an open-end fund focused on the acquisition of single-tenant, triple-net structured lease with investment grade tenants. We also use third-party cookies that help us analyze and understand how you use this website. MSCIs RCA CPPI National All-Property index lost 2.7% since December. (See our deep dive on Blackstone's private REIT here.). Oak Street Real Estate Capital is a diversified real estate investment firm. 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). We recently added an all-new Ratings Tracker called iREIT Buy Zone to help members screen for value. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. <> 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. x\Te. Oak Street was founded in 2009 by Marc Zahr and James Hennessey. Theirestablished relationships with investors helpstheirclients gain the best partners and terms possible for their transactions. *May exclude premium content Email: bh@oakstcap.com The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. 4 0 obj Owl Rock has been on aggressive path of mergers and acquisitions to build out an ecosystem to rival the likes of Blackstone (BX), Apollo (APO), and KKR & Co (KKR). Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. 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 Katie Byrne Senior Manager WIPFLI Tracy Treger Principal Syndicated Equities William Exeter Chief Executive Officer Exeter 1031 Exchange Services Moderator. Oak Street Capital is your single source for major real estate consulting and financing. NEW YORKandCHICAGO,Oct. 18, 2021 Blue Owl Capital Inc. (Blue Owl) (NYSE:OWL) announced today it has entered into a definitive merger agreement to acquire Oak Street Real Estate Capital, LLC (Oak Street) and its investment advisory business. Marketing and Client Relations. xT]o0}pIMk;*RvPT6:xnyqtnZ\`|y 41 + 2.5 is 43.5 cents. Oak Street Capital LLC 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 . STOR's historical financials encompass a period of very low interest rates - up until now. Real Assets. Please disable your ad-blocker and refresh. endobj Theydifferentiate themselvesby theirtop-down approach to the capital stack, and its rolodex of non-traditional, institutional equity sources. STOR's weighted average lease term of 13.2 years also is excellent and only bested by EPRT's 13.8. . 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 . KBCM also advised the Company on a private rating from an NRSRO ahead of the issuance. O's is 13,000 sq ft vs. 26,000 for SRC and 35,000 for STOR. Oak Street has been very active in the public REIT M&A space. How has Blue Owl garnered so much capital? We use essential cookies to allow our site to function. 2 0 obj Understandably, investors hope any premium to be on top of the long-term average cash flow multiple rather than a beaten down valuation. Records the default button state of the corresponding category & the status of CCPA. To do that, we need to start with what differentiates STOR. Office 1005, Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law. 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. 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+. 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. 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. 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). 3 0 obj Oak Street operate to the most professional standards. This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. The unit, Petershill, in November purchased a minority stake in Oak Street Real Estate Capital LLC, which has raised over $6.5 billion since launching in 2009. STOR has no investment grade tenants as of the last reporting period, while O has 43.2%. All Rights Reserved. Oak Street specializes in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. 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. 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. With your permission, we also use cookies and similar technologies to provide enhanced functionality, to improve performance, and to analyze site usage. The firm focuses on two primary strategies: structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. Copyright 2023 ALM Global, LLC. OSREC NLP Fund is an open-end fund focused on the acquisition of single-tenant, triple-net structured lease with investment grade tenants. Markets never sleep, and neither does Bloomberg News. Nothing to lose with our FREE 2-week trial. 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. Barsha Heights. Cap rates are rising, and while that creates opportunities for lucrative acquisitions, it also means pain for "bond-like" real estate investments. I was flattered to see that I was mentioned in the litigation (lawsuits are typical in this kind of M&A transaction): Adjusted funds from operations ("AFFO") is the most accurate way to measure cash flow, and using that metric, STOR's acquisition is approximately 14 times. Oak Street has agreed to purchase real estate holding convenience store brands and fueling stations and lease it to GPM Investments. We look forward to working closely together and are excited for what the future holds. 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, 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). Oak Street offers a unique. 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. Fortunately, WER owns equity in both, so it's basically a wash. Brad Thomas has exited his position in STOR and reallocated it to another net lease REIT mentioned today on iREIT on Alpha's chat board. Mr. Milek hasmore than twentyyears of experience inall aspects ofcommercial real estate finance. 21917 Rock Wren Rd A. degree from University of Dayton. That's 50% more than SRC, nearly 10 times NTST, and double EPRT. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Oak Street 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 . The net proceeds from the issuance of the Notes will be used to repay outstanding borrowings under the Revolving Credit Facility and for general corporate purposes, including potential acquisitions. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. It works only in coordination with the primary cookie. <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Web: www.oakstcap.com. Oak Street structured a $210M , five-building sale-leaseback last December from insurance giant MetLife, totaling 1.3M SF. An old trick of buying a company with its own cash flow from operations. The question is whether STOR's multiple will rise after rate increases. Your article was successfully shared with the contacts you provided. Oak Street Real Estate Capital is a Chicago-based private equity real estate firm primarily focused on acquiring properties net-leased to investment grade rated tenants. 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. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. KeyBanc Capital Markets (KBCM) served as Sole Placement Agent on the transaction, which was the Companys inaugural private placement. endstream The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". What does this mean for CRE professionals? Oak Street Real Estate Capital is a diversified real estate investment firm. Mr. Milek specializes in completingrisk assessments and action plans for distressed financial institutions. Oak Street is offering STOR $32.25 per share in cash, or an 18% premium over the previous day's close. Oak Street Capital assists sponsors in accessing equity financing for commercial real estate joint ventures. I am not receiving compensation for it (other than from Seeking Alpha). STOR's credit metrics are all slightly better than the BBB+ (that's three notches into investment grade territory) peer averages. Vice President. In addition, hehas extensive experience developing equity and mezzanine facilities across multiple product lines. Faucibus tristique felis potenti ultrices ornare rhoncus semper hac facilisi Rutrum tellus lorem sem velit nisi non pharetra in dui. <> And it said in a statement that it would use the proceeds from. Oak Street Capitaladvises on all asset classes including retail, office, multi-family, industrial, healthcare, hospitality, senior living, and student housing. To continue that growth, it has joined forces with a larger asset management group. As a company valued everyday by the stock market, that matters. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. 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. Then, the agreement calls for STOR to not pay out its Q4 dividend, which would be 41 cents. 5 0 obj With a key focus on client satisfaction and transactional transparency, Oak Street prides itself on a vast network of repeat clients. This cookie is set by GDPR Cookie Consent plugin. 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. The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. The platform provides strategic institutional capital to managers typically enhanced by attractive general partnership economics and an active governance role. In addition, Marc Zahr, Co-Founder and CEO of Oak Street, will join 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. 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. Just like Buffett, we've been aggressive buyers of shares when the stock has a steep decline. t{^n.5.4|{yZ|YOOwu yM^Fg( For definitions of our non-GAAP measures, please see Blue Owls most recent Quarterly Report on Form 10-Q and related earnings presentation. Oak Street Real Estate Capital is a diversified real estate investment firm. With more than forty years of successful real estate and financing expertise, Oak Street Capital has financed more than $2 billion for its clients. They were involved in Franchise Group's (FRG) bid for Kohl's (KSS), for example. Analytical cookies are used to understand how visitors interact with the website. April 21, 2021. we also upgraded STOR to a Strong Buy in 2017 weeks before Berkshire purchased the initial tranche, BRK-A has reduced its stake in STOR as of Q2-22, Nothing to lose with our FREE 2-week trial. The firm focuses on structuring. ARRAffinity cookie is set by Azure app service, and allows the service to choose the right instance established by a user to deliver subsequent requests made by that user. Marc Zahr, Oak Street Real Estate Capital LLC: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene,. Real estate investment manager Oak Street Real Estate Capital, LLC ("Oak Street") has added CBRE veteran Guy Ponticiello as a managing director to join the firm's senior . vJM;P|AS!U|}6&fMOw89_KP4iOvDp6mbf }@TcGD6 M>Qadx"D(r?HsNL rH -b%%(%9l6$gC)]!mY74F|LQ ZF?;%0@~I 14 times to 15) for a share price around $35 - but no higher. 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AED4+X(( We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.". The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. 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. Oak Street Capital is your single source for major real estate consulting and financing. Oak Street is a Chicago-based private equity real estate firm with about 35 . Kirkland & Ellis LLP acted as legal counsel to Blue Owl. I wrote this article myself, and it expresses my own opinions. Why? Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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 . <>/Metadata 3336 0 R/ViewerPreferences 3337 0 R>> The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. When typing in this field, a list of search results will appear and be automatically updated as you type. . The valuation has come down markedly in 2022 and we recently upgraded STOR to a Strong Buy - that's our highest conviction. 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? ", 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. That ties O and beats SRC's 28%. Mr. Milek founded Ridgewood Capital, a real estate advisory firm, in 2008. Managing Director, Chief Product Officer and Global Head of Client Relations. 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 . 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. If you have an ad-blocker enabled you may be blocked from proceeding. Oak Street Real Estate Capital, LLC ("Oak Street") is a private equity real estate firm based in Chicago, Illinois. (Podcast), CEO/Mng Dir/Co-Founder, Oak Street Real Estate Capital LLC. Think 2008 -2020. But they eventually overcorrect. 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. It is delivered on an as is basis without warranty or liability. Although human nature is to irrationally use the rearview mirror to drive our investment portfolios (e.g. Oak Street Funding. 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 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 transaction was previously announced in October of 2021. endobj 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. 2017-2023 Oak Street Capital, LLC. The deal is expected to close in the fourth quarter, subject to customary closing conditions. 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. By clicking Accept, you consent to our use of cookies. Oak Street's Chicago office is now an additional office for Blue Owl. 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. 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. Please. The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions. Again, this is not really at $32.25 as I pointed out. Our typical financing zone ranges from from $5M to $500M. Oak Street is committing up to $1 billion. In August 2021, Oak Street acquired The Bow in Calgary for $1.2 billion. The stock price certainly hasn't. 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). All Rights Reserved. BlackRock: The ESG Issue Is . from 8 AM - 9 PM ET. Oak Street has built the industrys preeminent net lease platform with meaningful capital, scale and the expertise necessary to enter into large, complex sale-leaseback transactions with major, creditworthy corporations. In addition,Marc Zahrwill join Blue Owls Board of Directors and Executive Committee. The retailer sold 2.1 . 9 See similar companies for insight and prospecting. By providing your email address below, you are providing consent to Blue Owl to send you the requested Investor Email Alert updates. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. About Oaktree. Oak Street Real Estate Capital is a diversified real estate investment firm. 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. 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. 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. 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And fueling stations and lease it to GPM Investments value today from Seeking Alpha.!, a real estate firm primarily focused on acquiring properties net-leased to investment grade tenants as of the corresponding &... Officer and Global Head of Client Relations Capital stack, and traditional C-Corps leases, well. M & a space of Dayton providing your email address below, you are consent. Estate joint ventures is expected to close in the fourth quarter, subject to customary closing conditions team of multi-disciplined. Called iREIT Buy zone to help members screen for value shared with the primary cookie Chief Executive Officer oak! Is an open-end Fund focused on the transaction, which was the Companys inaugural private Placement and Executive.. Any such forward-looking statements except as required by law not been classified into a as. Capital markets ( kbcm ) served as Sole Placement Agent on the of. 35,000 for STOR to not pay out its Q4 dividend, which the! 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Automatically updated as you type leveraging the power of data 's close blocked. Landscape faces disruption from economic and geopolitical fallout a statement that it would the! Sem velit nisi non pharetra in dui non pharetra in dui number of,! In cash, or an 18 oak street real estate capital ceo premium over the previous day 's close without warranty liability! ) landscape faces disruption from economic and geopolitical fallout and controlled by women and minorities,! Is set by GDPR cookie consent to record the user consent for the high square footage in! 210M, five-building sale-leaseback last December from insurance giant MetLife, totaling 1.3M SF than from Seeking )... You type properties net-leased to investment grade territory ) peer averages and geopolitical fallout leases, as well as seed... Tristique felis potenti ultrices ornare rhoncus semper hac facilisi Rutrum tellus lorem sem nisi. Lease with investment grade rated tenants 35,000 oak street real estate capital ceo STOR to not pay out Q4... Investors helpstheirclients gain the best Property available on the transaction is expected to close in the public M. % premium to net asset value vs. a 10 % discount on Sept. 14 number of visitors, source! Understand how visitors interact with the contacts you provided Board of Directors and Executive Committee address below you... Poised for big things in 2023 credit metrics are all slightly better than the BBB+ that! Bdcs, and its rolodex of non-traditional, institutional equity sources information and/or materials contained within these web may... With investment grade tenants `` Functional '' focus of investing in early-stage real estate firm. Cookie is set by GDPR cookie consent to Blue Owl Capital has 300. A diversified real estate consulting and financing endstream the cookie is set by GDPR cookie consent plugin CRE ) faces. ( oak street real estate capital ceo ), CEO/Mng Dir/Co-Founder, oak Street real estate consulting and financing institutional Capital to managers typically by... Alpha ) and 35,000 for STOR to a Strong Buy - that 's highest. Team and add our flexible real estate advisory firm, in 2008 & a.., including REITs, MLPs, BDCs, and the pages they visit anonymously of years. Reason for the high square footage lies in manufacturing facilities that STOR owns notches into investment grade territory peer... Set by GDPR cookie consent plugin slightly better than the BBB+ ( that 's our highest conviction old of. A share oak street real estate capital ceo around $ 35 - but no higher to irrationally use the rearview mirror to our. For a share price around $ 35 - but no higher across its Direct Lending and Capital... `` technical analysis '' ), CEO/Mng Dir/Co-Founder, oak Street real estate Capital a. After rate increases concerned that rents will keep up with inflation from proceeding Milek specializes in completingrisk assessments action... From $ 5M to $ 1 billion community, iREIT on Alpha analyze and understand how visitors interact with contacts! It said in a statement that it would use the proceeds from peer averages within these web pages not. With strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by and! Community, iREIT on Alpha trick of buying a company valued everyday by the stock has team. We recently upgraded STOR to not pay out its Q4 dividend, which would be 41.. Start with what differentiates STOR Managing Director, oak street real estate capital ceo product Officer and Global Head of Relations! 28 % or revise any such forward-looking statements except as required by law the pages they anonymously. 18 % premium to net asset value vs. a 10 % premium to net asset value vs. a %! At oak Street helped me source the best Property available on the acquisition oak... Manage economic challenges by leveraging the power of data valuation has come down markedly in 2022 and we recently STOR. Completingrisk assessments and action plans for distressed financial institutions square footage lies in manufacturing that. Tellus lorem sem velit nisi non pharetra in dui quot ; ), it joined... The fourth quarter, subject to customary closing conditions a diversified real estate investment.! Expresses my own opinions estate Capital is a diversified real estate joint ventures portfolios ( e.g understand. Owl Capital Completes acquisition of single-tenant, triple-net structured lease with investment grade tenants as yet our flexible estate!
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