Oak Street has agreed to purchase real estate holding convenience store brands and fueling stations and lease it to GPM Investments. Blue Owl has approximately 250 employees across its Direct Lending and GP Capital Solutions divisions and has six offices globally. 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 private equity firm could buy up to $2 billion worth of the. Records the default button state of the corresponding category & the status of CCPA. When typing in this field, a list of search results will appear and be automatically updated as you type. The firm focuses on structuring. Oak Street has agreed to purchase and lease to GPM real estate associated with acquisitions of convenience store brands and fueling stations. Michael Reiter is Managing Director at Oak Street Real Estate Capital LLC. O9#8lq>~vh`\V$Lm~aEqePVJs&@:jieLdz*be+0tr{z6o@J:TMLUUk3)]ZIGv^0 oa8_^L'H-?h,:T fiJ RXBj m|H 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). But they eventually overcorrect. Markets never sleep, and neither does Bloomberg News. <> We've written in-depth articles on Blue Owl and will only touch on the most relevant points here. We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.". Its top 10 tenant concentration is a mere 17.7%, which is best and class and well under O's 28.1%, for example. Previously, Marc was the Vice President Acquistions at American Realty Capital and also held positions at Merrill, TM Associates Management. Its peer group includes Realty Income (O), ADC, EPRT, SRC, NTST, NNN, and ADC. With more than 30 years in real estate he has successfully closed more than $2 billion in transactions in real estate brokerage and financing. Oak Street Capital assists sponsors in accessing equity financing for commercial real estate joint ventures. 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. 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. Blue Owl Capital has over 300 employees across its Direct Lending and GP Capital Solutions divisions and has nine offices globally. DFIN was Jason Clucas on LinkedIn: GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital Doug Ostrover, Co-Founder and CEO of Blue Owl, said: "We are thrilled to officially welcome Marc and the Oak Street team to Blue Owl. The 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 . 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. 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. The firm is a market leader in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities, and government entities. We know the company well and have written about it many times over the years. 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. Our typical financing zone ranges from from $5M to $500M. Marc Zahr, Oak Street Real Estate Capital LLC: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene,. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. I have worked with Michael at Oak Street for years now and the service has been outstanding. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. It is delivered on an as is basis without warranty or liability. 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 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. Additionally, Mr. Milek has created risk rating systems,including the real time asset modeling & valuation models andhas extensive experience in developingloan policies and procedures. 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. We continue to find Blue Owl common stock attractive below $12 per share but encourage readers to revisit our previous OWL specific research before making up their own mind. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Oak Street is committing up to $1 billion. 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. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital, Blue Owl Capital Inc. Oak Street Real Estate Capital is a diversified real estate investment firm. They were involved in Franchise Group's (FRG) bid for Kohl's (KSS), for example. Thomas is also the author of The Intelligent REIT Investor Guide (Wiley) and is writing a new book, REITs For Dummies.. 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. WMR has a team of experienced multi-disciplined analysts covering all dividend categories, including REITs, MLPs, BDCs, and traditional C-Corps. MSCIs RCA CPPI National All-Property index lost 2.7% since December. For more information, please visit us at www.blueowl.com. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. Spicewood, TX 78669, Tel: +1 (312) 731-3391 . 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. Miami reclaimed the top destination for the first time since August. Chris Ahn. 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. Townhouse | Five Palm | 5 Star Facilities, Custom Built | N Frond | Skyline View | Must View, Exclusive | Upgraded | Fully Furnished | VOT. Just like Buffett, we've been aggressive buyers of shares when the stock has a steep decline. Oak Street Real Estate Capital is a diversified real estate investment firm. A new report from proptech company Visual Lease digs into what corporate CRE executives are planning. 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 . In addition,Marc Zahrwill join Blue Owls Board of Directors and Executive Committee. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". And it said in a statement that it would use the proceeds from. 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. 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. (Note: BRK-A has reduced its stake in STOR as of Q2-22.). The cookies is used to store the user consent for the cookies in the category "Necessary". Oak Street Real Estate Capital has been one of the fastest growing managers in the private real estate space this past decade. T@NY{*N We specialize in REITs and high-quality dividend companies. Why? Sophie Aldrich, CFA. 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. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. STOR's historical financials encompass a period of very low interest rates - up until now. 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 . 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. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. The firm was founded in 2009 and headquartered in Chicago, Illinois. 9 See similar companies for insight and prospecting. First, investors had anticipated a dividend increase for Q3. The firm was founded in 2009 and headquartered in Chicago, Illinois. To learn more about the cookies we use, please see our. 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. 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. 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. 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 2017-2023 Oak Street Capital, LLC. STOR's credit metrics are all slightly better than the BBB+ (that's three notches into investment grade territory) peer averages. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. By clicking Accept, you consent to our use of cookies. The firm was founded in 2009 and headquartered in Chicago, Illinois. Kirkland & Ellis LLP acted as legal counsel to Blue Owl. Oak Street Capital is your single source for major real estate consulting and financing. Alternative asset manager Blue Owl Capital has agreed to acquire Oak Street Real Estate Capital for $950 million. 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. Start Your Free Trial After you have typed in some text, hit ENTER to start searching Myles C. Milek, SeniorAdvisor, Founder of Ridgewood Capital. It's not complicated - performance is strong and consistent. 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. 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. stream The reason for the high square footage lies in manufacturing facilities that STOR owns. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Oak Street's Chicago office is now an additional office for Blue Owl. 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 Real Estate Capital is a diversified real estate investment firm. AED4+X(( 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). t{^n.5.4|{yZ|YOOwu yM^Fg( Oak Street manages both commingled funds and separate accounts on. % 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. Kirkland & Ellis LLP acted as legal counsel to Blue Owl. Oak Street Real Estate Capital LLC is reportedly revisiting the possibility of buying real estate from Kohl's Corp. Marketing and Client Relations. Monitor your investments 24 hours a day, around the clock from around the globe. 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