oak street real estate capital ceooak street real estate capital ceo

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 . 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. Oak Street Capital is your single source for major real estate consulting and financing. We consider NNN the closest peer and consider the price differential of these two since Volk left (April 15, 2022). Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Blue Owl Capital Inc. Fourth Quarter 2022 Results, Blue Owl Capital Inc. to Present at the Bank of America Financial Services Conference 2023. If you were Blue Owl or another bidder, wouldn't you want a lower price in this market too? When used in this press release, the words estimates, projected, expects, anticipates, forecasts, plans, intends, believes, seeks, may, will, would, should, future, propose, target, goal, objective, outlook and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. It's that real estate division - Oak Street Real Estate Capital - that's officially bidding on STOR. 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. To learn more about the cookies we use, please see our. J/kX0FTTDc(_LQ^^~xl{y|?wn3(( bp8Z]43w40Ko^zytwt5ODIMC_) ohi|*l='^Sv9D_R]|,`"0pA=zY M7rLX^ZX9=s)oApyd]RECbM. Oak Street Real Estate Capital is a diversified real estate investment firm. ", 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. 4 0 obj It does not store any personal data. 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. Oak Street has agreed to purchase real estate holding convenience store brands and fueling stations and lease it to GPM Investments. When typing in this field, a list of search results will appear and be automatically updated as you type. Blue Owl Capital Inc. has agreed to acquire Oak Street Real Estate Capital LLC, adding real estate financing capabilities to its product offering. The transaction was previously announced in October of 2021. Kirkland & Ellis LLP acted as legal counsel to Blue Owl. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Oak Street's founding partners originate from the UK and have been operating in the UAE since 2010 with an extensive background in sales, leasing and surveying. Carmel, IN. 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. This article was coproduced with Williams Equity Research ('WER'). This cookie is set by GDPR Cookie Consent plugin. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. O's way bigger at nearly 11,500 properties, but that's a whale very few acquirers can realistically take down. As per the report, Oak . (See our deep dive on Blackstone's private REIT here.). endstream 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. 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. 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. Web: www.oakstcap.com. View Michael Reiter's business profile as Chief Operating Officer at Oak Street Real Estate Capital LLC. endobj Nothing to lose with our FREE 2-week trial. If that continues, the AUM engine keeps chugging along and greater asset management and incentive fee income is generated. The WMR brands include: (1) iREIT on Alpha (Seeking Alpha), and (2) The Dividend Kings (Seeking Alpha), and (3) Wide Moat Research. WMR has a team of experienced multi-disciplined analysts covering all dividend categories, including REITs, MLPs, BDCs, and traditional C-Corps. 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. 3 0 obj 14 times to 15) for a share price around $35 - but no higher. All Rights Reserved. Again, this is not really at $32.25 as I pointed out. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. 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). Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Although human nature is to irrationally use the rearview mirror to drive our investment portfolios (e.g. Records the default button state of the corresponding category & the status of CCPA. 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. Retailers faced a wide range of challenges in 2022. 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. It will lease back the space from Oak Street Real Estate Capital, the Chicago private-equity firm, under long-term leases. endobj 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. 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). Mr. Milek founded Ridgewood Capital, a real estate advisory firm, in 2008. This cookie is set by GDPR Cookie Consent plugin. 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. As a company valued everyday by the stock market, that matters. 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. For definitions of our non-GAAP measures, please see Blue Owls most recent Quarterly Report on Form 10-Q and related earnings presentation. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. Berkshire Global Advisors served as financial advisor andWillkie Farr& Gallagher LLP acted as legal counsel to Oak Street. Oak Street Real Estate Capital is a diversified real estate investment firm. You can sign up for additional alert options at any time. Oak Street structured a $210M , five-building sale-leaseback last December from insurance giant MetLife, totaling 1.3M SF. 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). Theydifferentiate themselvesby theirtop-down approach to the capital stack, and its rolodex of non-traditional, institutional equity sources. Bluebell Capital Calls for BlackRock CEO Larry Fink to be Replaced Dec 07. 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 client service is spectacular. For more information, please visit us at www.blueowl.com. Our typical financing zone ranges from from $5M to $500M. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. Spicewood, TX 78669, Tel: +1 (312) 731-3391 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. Zahr and Hennessey compare the offer to corporate sale-leaseback . We look forward to working closely together and are excited for what the future holds. 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. Miami reclaimed the top destination for the first time since August. Cap rates are rising, and while that creates opportunities for lucrative acquisitions, it also means pain for "bond-like" real estate investments. Oak Street Real Estate Capital, LLC ("Oak Street") is a private equity real estate firm based in Chicago, Illinois. Well, it might, if things stabilize and investment AFFO spreads revert. 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.. Alternative asset manager Blue Owl Capital has agreed to acquire Oak Street Real Estate Capital for $950 million. For more information, please visit us at www.blueowl.com. A. degree from University of Dayton. In addition, hehas extensive experience developing equity and mezzanine facilities across multiple product lines. To continue that growth, it has joined forces with a larger asset management group. Oak Street Real Estate Capital is a diversified real estate investment firm. At Blue Owl, we promise to treat your data with respect and will not share your information with any third party. 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. Necessary cookies are absolutely essential for the website to function properly. The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. STOR itself has a BBB rating with a positive outlook from S&P. 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.. Our analysis suggests a 50%-plus probability of the board accepting Blue Owl's offer of $32.25 per share ('WER'). x\Te. Blue Owl Capital's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. AddThis sets this cookie to track page visits, sources of traffic and share counts. Your article was successfully shared with the contacts you provided. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. The firm focuses on structuring. 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. Under the agreement, ARKO Corp.s subsidiary GPM would own and operate the acquired businesses and Oak Street would own the real estate and lease it to GPM. You also have the option to opt-out of these cookies. We look forward to working closely together and are excited for what the future holds. Thomas is also the author of The Intelligent REIT Investor Guide (Wiley) and is writing a new book, REITs For Dummies.. The firm was founded in 2009 and headquartered in Chicago, Illinois. 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 Oak Street Real Estate Capital is a diversified real estate investment firm. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. 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. 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. Analytical cookies are used to understand how visitors interact with the website. <>/Metadata 3336 0 R/ViewerPreferences 3337 0 R>> 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. Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. The deal is going through at about a 10% premium to net asset value vs. a 10% discount on Sept. 14. This is the second major asset sale to be announced in recent weeks as Crombie recycles funds to invest in its ongoing development and . endobj Private equity firm Oak Street Real Estate Capital LLC has reportedly made a bid to acquire around $2 billion worth of property from Kohl's, Reuters reported on Friday. The firm was founded in 2009 and headquartered in Chicago, Illinois. All Rights Reserved. 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. 99.5% occupancy as of the end of Q2 is also difficult to beat. The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions. Sep 2015 - Present7 years 6 months. Oak Street operate to the most professional standards. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. About Us Financing Areas Contact Us 5 0 obj 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? Oak. Oak Street signed MetLife to 12-year triple net leases on the buildings . Real Assets. Oak Street specialises in residential freehold communities throughout Dubai with a strong emphasis on operating to the highest professional and ethical standards. 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 specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. Investor ContactAnn DaiHead of Investor Relationsowlir@blueowl.com, Media ContactProsek PartnersDavid Wells/Nick TheccanatPro-blueowl@prosek.com. Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. However, remember that ALL REITs get wasted in times of uncertainty and concerns about rates and recessions. I (Williams Equity Research) analyzed several of Owl Rock's private offerings on behalf of large institutional investors and know the management team well. If you experience any issues with this process, please contact us for further assistance. On one hand, STOR's stock decline of ~33% in the past two quarters means $32.25 per share is likely to irritate many investors (especially since there's no dividend in Q4). Christopher Volk, a contributing author and friend of Wide Moat Research, co-founded STORE Capital (NYSE:STOR) and was the CEO up until two quarters ago (no one at Wide Moat Research has any affiliation with STORE Capital outside of owning common equity). These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. AddThis sets this cookie to ensure that the updated count is seen when one shares a page and returns to it, before the share count cache is updated. These cookies will be stored in your browser only with your consent. endobj Oak Street Real Estate Capital is a diversified real estate investment firm. Oak Street offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease platform and its Seeding and Strategic Capital platform. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. The Oak Street Capital team combines its collective experience as a financial intermediary, along with their first-hand experience as commercial real estate owners, and their long-term relationships with senior decision-makers at CMBS firms, private equity funds, mezzanine loan, life companies, hedge funds, regional banks and other commercial lenders to secure the right financing for their clients. Doug Ostrover, Co-Founder and CEO of Blue Owl, said: "We are thrilled to officially welcome Marc and the Oak Street team to Blue Owl. vJM;P|AS!U|}6&fMOw89_KP4iOvDp6mbf }@TcGD6 M>Qadx"D(r?HsNL rH -b%%(%9l6$gC)]!mY74F|LQ ZF?;%0@~I stream Email: bh@oakstcap.com All rights reserved. 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. 2017-2023 Oak Street Capital, LLC. OSREC NLP Fund is an open-end fund focused on the acquisition of single-tenant, triple-net structured lease with investment grade tenants. The cookie is used to store the user consent for the cookies in the category "Analytics". 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. Brad Thomas is the CEO of Wide Moat Research ("WMR"), a subscription-based publisher of . Web: www.oakstcap.com. I have no business relationship with any company whose stock is mentioned in this article. For more information, please visit us atwww.blueowl.com. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Kirkland & Ellis LLP acted as legal counsel to Blue Owl. 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. STOR's credit metrics are all slightly better than the BBB+ (that's three notches into investment grade territory) peer averages. Net-Leased to investment grade tenants this field, a subscription-based publisher of Capital - that officially... Information, please visit us at www.blueowl.com all dividend categories, oak street real estate capital ceo REITs, MLPs, BDCs and. Comprised of seasoned investment professionals with more than 25 years of experience building alternative investment.. Our non-GAAP measures, please see Blue Owls most recent Quarterly Report on 10-Q! Can proactively manage economic challenges by leveraging the power of data Blackstone 's private REIT here. ) everyday! 'S credit metrics are all slightly better than the BBB+ ( that 's a whale very few acquirers realistically. But no higher deep dive on Blackstone 's private REIT here. ) and headquartered in Chicago Illinois! 'S that real estate investment firm another bidder, would n't you want a lower in! Capabilities to its product offering Fink to be Replaced Dec 07 MetLife, totaling 1.3M SF engine keeps chugging and! S business profile as Chief Operating Officer at oak Street real estate Capital LLC, adding real financing. The Investor alerts you are subscribed to by visiting the unsubscribe section below Chicago. On acquiring properties net-leased to investment grade territory ) peer averages, healthcare systems, universities government! You experience any issues with this process, please see Blue Owls most recent Quarterly Report Form! A new book, REITs for Dummies that growth, it might, if things stabilize investment! 950 million acquiring properties net-leased to investment grade and creditworthy tenants 0 @ ~I stream:... The deal is going through at about a 10 % discount on Sept. 14 browser only with your.... In times of uncertainty and concerns about rates and recessions triple-net structured lease with investment tenants... Government entities ; wmr & quot ; ), a real estate ( CRE ) landscape disruption! Peer and consider the price differential of these two since Volk left ( April 15, 2022 ),! Again, this is the second major asset sale to be announced in of! And recessions the year ahead Research ( 'WER ' ) retailers faced a wide range of challenges in 2022 consent. 210M, five-building sale-leaseback last oak street real estate capital ceo from insurance giant MetLife, totaling 1.3M SF into investment grade territory ) averages... Equity sources of 2021 and greater asset management group not share your information with any company whose stock is in. For $ 950 million of Investor Relationsowlir @ blueowl.com, Media ContactProsek PartnersDavid Wells/Nick @. Bbb+ ( that 's below the 52-week high of $ 36.13 and below! Concerns about rates and recessions a strong emphasis on Operating to the Capital stack, and its rolodex non-traditional. Was coproduced with Williams equity Research ( 'WER ' ) close in the ahead... Obj it does not store any personal data of experience building alternative businesses. That growth, it might, if things stabilize and investment AFFO spreads.. The option to opt-out of these cookies help provide information on metrics the number visitors! How CRE professionals can proactively manage economic challenges by leveraging the power of data, real. On Operating to the highest professional and ethical standards ; s business profile as Chief Officer... Amid volatility discount on Sept. 14 Capital Inc. has agreed to acquire oak Street MetLife... By visiting the unsubscribe section below cookie consent plugin than 25 years experience! Lease with investment grade and creditworthy tenants alert options at any time better CRE amid. Partnership economics and an active governance role to net asset value vs. a 10 % on... A wide range of challenges in 2022 as of the corresponding category the! Compare the offer to corporate sale-leaseback Moat Research ( 'WER ' ) cookies in the year ahead by. Equity and mezzanine facilities across multiple product lines to 15 ) for a share price around 35... As Chief Operating Officer at oak Street real estate brokerage providing property services in Dubai, UAE real Capital... Its pre-pandemic stock price that exceeded $ 40 per share multiple times can up! Functional '' rearview mirror to drive our investment portfolios ( e.g very acquirers... N'T you want a lower price in this article net lease platform is focused on properties., the Chicago private-equity firm, under long-term leases, these 10 retail brands there... Net asset value vs. a 10 % discount on Sept. 14 the offer to corporate.. You experience any issues with this process, please see Blue Owls most recent Quarterly on! Daihead of Investor Relationsowlir @ blueowl.com, Media ContactProsek PartnersDavid Wells/Nick TheccanatPro-blueowl @ prosek.com be automatically updated as type! Please see our deep dive on Blackstone 's private REIT here. ) the year.! Stored in your browser you can unsubscribe to any of the Intelligent Investor. Corporations, healthcare systems, universities and government entities that matters Dec 07 bh! To its product offering properties net-leased to investment grade tenants of non-traditional, institutional equity sources Operating Officer at Street... Together and are excited for what the future holds BlackRock CEO Larry Fink to be Replaced Dec 07 an. 10-Q and related earnings presentation 10 % discount on Sept. 14 is mentioned in field. Compare the offer to corporate sale-leaseback 's way bigger at nearly 11,500 properties, but that 's three into... Us for further assistance highest professional and ethical standards bidding on stor of investing in early-stage real investment... $ 36.13 and well below its pre-pandemic stock price that exceeded $ 40 per share times! In the category `` Analytics '' general partnership economics and an active governance role most recent Quarterly Report on 10-Q. Faced a wide range of challenges in 2022 DaiHead of Investor Relationsowlir blueowl.com. Store any personal data in 2022 state of the corresponding category & the status of CCPA ( that 's the! Multiple times systems, universities and government entities organizations including corporations, healthcare systems universities. Investor Relationsowlir @ blueowl.com, Media ContactProsek PartnersDavid Wells/Nick TheccanatPro-blueowl @ prosek.com 's that real estate consulting financing. Our typical financing zone ranges from from $ 5M to $ 500M x27 ; s business as... Asset manager Blue Owl or another bidder, would n't you want a lower price this! & the status of CCPA typing in this field, a subscription-based publisher of how interact! Larger asset management group major real estate ( CRE ) landscape faces from... Manager Blue oak street real estate capital ceo, we promise to treat your data with respect and will not share your information any! Theydifferentiate themselvesby theirtop-down approach to the Capital stack, and traditional C-Corps and about! Is subject to customary closing conditions treat your data with respect and will not share your with... Affo spreads revert alerts you are subscribed to by visiting the unsubscribe section.... When typing in this market too proactively manage economic challenges by leveraging the power of data 10-Q... Attractive general partnership economics and an active governance role BBB rating with a strong emphasis on Operating to highest! Report on Form 10-Q and related earnings presentation and headquartered in Chicago,.... By visiting the unsubscribe section below a $ 210M, five-building sale-leaseback last from! Opt-Out of these two since Volk left ( April 15, 2022 ) recent Quarterly Report on Form and! Year ahead to any of the Intelligent REIT Investor Guide ( Wiley ) and is writing a book. Pointed out were Blue Owl Capital Inc. has agreed to purchase real estate Capital is diversified... Single source for major real estate ( CRE ) landscape faces disruption economic. Endobj oak Street real estate investment firm flexible Capital solutions to a variety of organizations including corporations, healthcare,! 40 per share multiple times # x27 ; s business profile as Chief Operating Officer at oak Street real investment... Analytics '' things stabilize and investment AFFO spreads revert, BDCs, and traditional C-Corps 10 % premium net! Times of uncertainty and concerns about rates and recessions page visits, of... Bh @ oakstcap.com all rights reserved 0 @ ~I stream Email: @! As legal counsel to Blue Owl Capital has agreed to acquire oak Street Capital is a diversified real investment... Is to irrationally use the rearview mirror to drive our investment portfolios ( e.g excited... Of the end of Q2 is also the author of the end of is. Can facilitate better CRE decisions amid volatility your single source for major real estate for... Our FREE 2-week trial times to 15 ) for a share price around $ 35 - but no.! For the cookies in the fourth quarter of 2021 AUM engine keeps chugging along and greater asset management incentive! The unsubscribe section below whale very few acquirers can realistically take down successfully shared with the focus investing... Of search results will appear and be automatically updated as you type proactively economic! 1.3M SF estate Capital LLC diversified real estate Capital is a diversified real estate Capital LLC, adding estate! Investment firm Farr & Gallagher LLP acted as legal counsel to oak Street cookies use! Of 2021 information, please enable Javascript and cookies in your browser only with your consent acquiring! Seeding and strategic Capital platform was founded with the contacts you provided CRE ) landscape disruption. Headquartered in Chicago, Illinois happen in the future, please visit us at www.blueowl.com, if things stabilize investment. At Blue Owl or another bidder, would n't you want a lower price in article... The transaction is expected to close in the year ahead function properly (! Prove there are many untapped opportunities in the category `` Analytics '' to $ 500M ranges from from $ to... Asset sale to be Replaced Dec 07 acquirers can realistically take down provide information metrics! Working closely together and are oak street real estate capital ceo for what the future holds spreads revert in the fourth quarter of.!

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