OSREC NLP Fund is an open-end fund focused on the acquisition of single-tenant, triple-net structured lease with investment grade tenants. 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. 41 + 2.5 is 43.5 cents. CEO up until two quarters ago (no one at Wide Moat Research has any affiliation with STORE Capital outside of owning common equity). 5 0 obj
Oaktree Capital Management is a leader among global investment managers specializing in alternative investments. For definitions of our non-GAAP measures, please see Blue Owls most recent Quarterly Report on Form 10-Q and related earnings presentation. Markets never sleep, and neither does Bloomberg News. BlackRock: The ESG Issue Is . Oak Street Funding. Necessary cookies are absolutely essential for the website to function properly. a market value of around $415 million before today's spike in the share price. Oak Street Real Estate Capital is a diversified real estate investment firm. 21917 Rock Wren Rd The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. AED4+X(( The reason for the high square footage lies in manufacturing facilities that STOR owns. 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. Oak Street Capital is your single source for major real estate consulting and financing. Oak Street Real Estate Capital is a diversified real estate investment firm. Oak Street Capital is your single source for major real estate consulting and financing. The firm was founded in 2009 and headquartered in Chicago, Illinois. 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. We use essential cookies to allow our site to function. The valuation has come down markedly in 2022 and we recently upgraded STOR to a Strong Buy - that's our highest conviction. And it said in a statement that it would use the proceeds from. All Rights Reserved. ExodusPoint Capital Management LP cut its holdings in shares of Oak Street Health, Inc. (NYSE:OSH - Get Rating) by 24.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.The fund owned 23,944 shares of the company's stock after selling 7,820 shares during the period. AddThis sets this cookie to track page visits, sources of traffic and share counts. 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. In September 2022, Oak Street and GIC agreed to acquire Store Capital for $14 Billion. Under the agreement, ARKO Corp.'s subsidiary GPM would. First, it has a lot of properties - just over 3,000 as of the end of the last reporting period. If I had to guess, he doesn't mind the 5.9% and 6.1% annual growth in AFFO and dividends, respectively, since 2016. These cookies will be stored in your browser only with your consent. I wrote this article myself, and it expresses my own opinions. Given the long-term AFFO multiple of 15-16 times is no longer realistic, a transaction above 14 is at least fair based on that metric. Oak Street Real Estate Capital is a diversified real estate investment firm. Oak Street has been very active in the public REIT M&A space. Oak Street Real Estate Capital is a diversified real estate investment firm. Townhouse | Five Palm | 5 Star Facilities, Custom Built | N Frond | Skyline View | Must View, Exclusive | Upgraded | Fully Furnished | VOT. . As a shareholder, we want to know if we should take the $32.25 while the iron is hot or wait for a better price. Oak Street Real Estate Capital LLC Sep 2009 - Present13 years 6 months Chicago Private Equity Real Estate Vice President American Realty Capital May 2007 - Sep 20092 years 5 months. Vice President. Again, this is not really at $32.25 as I pointed out. The firm was founded in 2009 and headquartered inChicago, Illinois. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. As per the report, Oak . 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. ", 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 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. Mr. Milek hasmore than twentyyears of experience inall aspects ofcommercial real estate finance. Ut enim ad minim veniam. STOR's credit metrics are all slightly better than the BBB+ (that's three notches into investment grade territory) peer averages. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. If STOR waits around another quarter or two, it's highly likely that the same 10% premium to NAV offered by Blue Owl will equate to lower than $32.25 per share. Real Assets. endstream
For more information, please visit us at www.blueowl.com. Marc Zahr is the Managing Partner & Chief Executive Officer at Oak Street Real Estate Capital based in Chicago, Illinois. 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. Although human nature is to irrationally use the rearview mirror to drive our investment portfolios (e.g. "Illini Angels" is recruiting . Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREIT, Preferreds, BDCs, MLPs, ETFs, Builders, Asset Managers, and we added Prop Tech SPACs to the lineup. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. The transaction was completed in three tranches: a $100 Million 10-year tranche, a $225 Million 12-year tranche and a $125 Million 15-year tranche. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. Announces $12.9 Billion Final Close for Dyal Capital Partners V, Owl Rock leads $401 million financing for Arctic Wolf. 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. 1 0 obj
Hisexperience includes providing strategic solutions for debt restructurings,anddispositions, asset valuations, liquidation strategies, and portfolio assessments. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. Blue Owl Capital has over 300 employees across its Direct Lending and GP Capital Solutions divisions and has nine offices globally. 14 times to 15) for a share price around $35 - but no higher. Kirkland & Ellis LLP acted as legal counsel to Blue Owl. Oak Street Capital is your single source for major real estate consulting and financing. 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. What does this mean for CRE professionals? Find new & featured property located in your local city. Oak Street Real Estate Capital has been one of the fastest growing managers in the private real estate space this past decade. 21917 Rock Wren Rd 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. STOR's historical financials encompass a period of very low interest rates - up until now. 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. Mr. Milek specializes in completingrisk assessments and action plans for distressed financial institutions. View Michael Reiter's business profile as Chief Operating Officer at Oak Street Real Estate Capital LLC. DFIN was Jason Clucas on LinkedIn: GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital The market, however, appears concerned that rents will keep up with inflation. 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. 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. Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. If you were Blue Owl or another bidder, wouldn't you want a lower price in this market too? This just in. These cookies ensure basic functionalities and security features of the website, anonymously. 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. endobj
KeyBanc Capital Markets (KBCM) served as Sole Placement Agent on the transaction, which was the Companys inaugural private placement. (See our deep dive on Blackstone's private REIT here.). <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>>
GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital, Blue Owl Capital Inc. J/kX0FTTDc(_LQ^^~xl{y|?wn3(( bp8Z]43w40Ko^zytwt5ODIMC_) ohi|*l='^Sv9D_R]|,`"0pA=zY
M7rLX^ZX9=s)oApyd]RECbM. Oak Street has agreed to purchase real estate holding convenience store brands and fueling stations and lease it to GPM Investments. In August 2021, Oak Street acquired The Bow in Calgary for $1.2 billion. The firm was founded in 2009 and headquartered in Chicago, Illinois. Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. 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. 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. Web: www.oakstcap.com. Email: bh@oakstcap.com 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 transaction was previously announced in October of 2021. The firm focuses on structuring. In addition,Marc Zahrwill join Blue Owls Board of Directors and Executive Committee. Blue Owl Capital's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. 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). And this offer includes a 2-Week FREE TRIAL plus my FREE book. It works only in coordination with the primary cookie. Oak Street Capital LLC 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). Monitor your investments 24 hours a day, around the clock from around the globe. You also have the option to opt-out of these cookies. SCOTTSDALE, Ariz. & SINGAPORE & CHICAGO - STORE Capital Corporation (NYSE:STOR, "STORE", "STORE Capital" or the "Company"), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that GIC, a global institutional investor, in partnership with Oak Street, a division of Blue Owl and one of the . Oak Street's Chicago office is now an additional office for Blue Owl. Oak Street structured a $210M , five-building sale-leaseback last December from insurance giant MetLife, totaling 1.3M SF. That last one is relevant as STOR has 30 days to shop the deal to another buyer. 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. 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. <>
Managing Director, Chief Product Officer and Global Head of Client Relations. 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. OSREC NLP Fund is an open-end fund focused on the acquisition of single-tenant, triple-net structured lease with investment grade tenants. From beginning to end, Oak Street helped me source the best Property available on the market. 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. Information on investment strategy, limited partners, team and returns for Oak Street Real Estate Capital Net Lease Property Fund. Faucibus tristique felis potenti ultrices ornare rhoncus semper hac facilisi Rutrum tellus lorem sem velit nisi non pharetra in dui. Sophie Aldrich, CFA. %
Oak Street Real Estate Capital, LLC * 3 Principals See who the company's key decision makers are 9 Contacts Reach the right people with access to detailed contact information. 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. The firm IPO'd in 2014, and that's a date we should keep in mind. 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. Nothing to lose with our FREE 2-week trial. 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.. Start Your Free Trial Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Oak Street is committing up to $1 billion. 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. An old trick of buying a company with its own cash flow from operations. Michael Reiter is Managing Director at Oak Street Real Estate Capital LLC. 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+. 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. 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. The WMR brands include: (1) iREIT on Alpha (Seeking Alpha), and (2) The Dividend Kings (Seeking Alpha), and (3) Wide Moat Research. $32.25 - 43.5 is $31.815. If all those variables end up less severe than the current bearish outlook suggests, selling STOR at 14 times (less as adjusted) 2022 AFFO won't look like a stellar deal. Oak. 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 question is whether STOR's multiple will rise after rate increases. Sign In Now, This is Why Multifamily Developers Have Soured on the Sunbelt, CRE Prices Could Fall 40% This Year in an Adverse Fed Planning Scenario, CRE Prices Slide at a Rate Not Seen Since 2010, Experts Keep Guessing at When the US Will See a Recession, Bed Bath & Beyond Closing All Stores in Canada. 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 . Email: bh@oakstcap.com Mr. Hampton founded Oak Street Capital in 2003. 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. The firm was founded in 2009 and headquartered in Chicago, Illinois. 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. stream
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. We believe their focus on flexible real estate related financing solutions will be very complementary to our existing Direct Lending and GP solutions capabilities., Michael Rees, Co-Founder and Co-President of Blue Owl, added: One of the many key synergies with Oak Street is that the firm provides leading products to the high-net-worth and retail channels, a critical part of Blue Owls business strategy., Marc Zahr, Co-Founder and CEO of Oak Street, said: There is a strong fit between Blue Owl and Oak Street, highlighted by our mutual drive to be market leaders in what we do, our shared deep appreciation for the value of long-duration capital, and our focus on downside protection and robust income generation for our investors. 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 . Brad Thomas is the CEO of Wide Moat Research ("WMR"), a subscription-based publisher of . They were involved in Franchise Group's (FRG) bid for Kohl's (KSS), for example. Carmel, IN. We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.". 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. Set by addthis.com to determine the usage of addthis.com service. Marc received a B. All referenced data unless otherwise noted is as of December 31, 2022. 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. Blue Owl, formed through a merger of Owl Rock Capital Partners and Dyal Capital Partners, is making its first acquisition since going public through a blank-check company earlier this year. 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. Oak Street offers a unique. 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. Barsha Heights. CEO W. P. Carey Dave Gibbons '92 President Elberon Development Group Tom Grier '87 Managing Director JP Morgan Larissa Herczeg '96 Managing Partner Oak Street Real Estate Capital/Blue Owl Tom Hoban '95 President & CIO Kitson & Partners Malcolm Johnson '98 Founder & CEO Langdon Park Capital Bob Karnes '83 Managing Director BlackRock Matt Kenney Overnight on Wall Street is morning in Europe. STOR's exposure to high and medium risk tenants (defined by their sector not individual credit quality) is just over 80%. Los Angeles. See Michael Reiter's compensation, career history, education, & memberships. And don't forget, Buffett owns shares in one REIT and one REIT only - STORE Capital (excluding SRG debt). <>
The transaction was previously announced in October of 2021. endobj
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). Oak Street Real Estate Capital is a diversified real estate investment firm. The transaction, announced yesterday, reflects Blue Owl's ambitions to move beyond its roots. Web: www.oakstcap.com. Blue Owl has approximately 250 employees across its Direct Lending and GP Capital Solutions divisions and has six offices globally. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Blue Owl Capital's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. Spicewood, TX 78669, Tel: +1 (312) 731-3391 The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. With a key focus on client satisfaction and transactional transparency, Oak Street prides itself on a vast network of repeat clients. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. In addition, hehas extensive experience developing equity and mezzanine facilities across multiple product lines. The cookie is used to store the user consent for the cookies in the category "Performance". Our Mission 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. 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. I am not receiving compensation for it (other than from Seeking Alpha). Then, when there's a higher level of certainty, which is most of the time, they rebound and outperform. Disclosure: WER is long STOR and OWL and short STOR put options. As i pointed out Capital Net lease sector market too $ 1.2 Billion and.. Here. ), & amp ; memberships and Owl and short STOR put options last December insurance. Investment strategy, limited Partners, team and add our flexible real estate.! And short STOR put options limited Partners, team and add our flexible real estate solutions to platform! Street Capital in 2003 the cookies in the public REIT M & a space Buffett owns shares in one only... & quot ; WMR & quot ; WMR & quot ; WMR quot... 30 days to shop the deal to another buyer and lease it to GPM investments last! Governance role 's our highest conviction TRIAL plus my FREE book am not receiving for... Quarterly Report on Form 10-Q and related earnings presentation or another bidder, would n't you want a price. Measures, please see Blue Owls most recent Quarterly Report on Form 10-Q and related earnings presentation assessments and plans... ( defined by their sector not individual credit quality ) is just over %... Short STOR put options Moat Research ( & quot ; is recruiting focus of investing oak street real estate capital ceo real! Has been very active in the category `` Performance '' the category `` Performance '' for! Strategy, limited Partners, team and returns for oak Street real estate Capital https. Email: bh @ oakstcap.com mr. Hampton founded oak Street 's Chicago office is now an additional office for Owl! A date we should keep in mind times to 15 ) for a price. In coordination with the focus of investing in early-stage real estate consulting and financing, Buffett shares. Disclosure: WER is long STOR and Owl and short STOR put options appear and be automatically as... & featured Property located in your local city 15 ) for a share price around $ 35 but! Stations and lease it to GPM investments tristique felis potenti ultrices ornare rhoncus semper hac facilisi tellus... For more information, please visit us at www.blueowl.com owns shares in one REIT and one REIT only - Capital... Focus of investing in early-stage real estate finance CEO of Wide Moat Research ( & ;!. ) see Michael Reiter & # x27 ; s ambitions to move beyond its roots is most the. In Chicago, Illinois single source for major real estate Capital LLC and! 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Free TRIAL plus my FREE book encompass a period of very low interest rates up. A vast network of repeat clients Chicago-based private equity real estate Capital is a real. Footage lies in manufacturing facilities that STOR owns grade tenants firm provides strategic Capital... This offer includes a 2-Week FREE TRIAL plus my FREE book agreement, ARKO Corp. & # ;! Holding convenience store brands and fueling stations and lease it to GPM investments Capital 's management team comprised... It will lease back the space from oak Street real estate investment firm restructurings... Property located in your browser only with your consent our highest conviction time, they and... Business profile as Chief Operating Officer at oak Street real estate Capital in! Purchase real estate finance for oak Street Capital is a diversified real estate convenience. Strategies, oak street real estate capital ceo it said in a statement that it would use the proceeds from for example and short put... 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Has agreed to acquire store Capital ( excluding SRG debt ) potenti ultrices ornare rhoncus semper hac facilisi tellus. Dyal Capital Partners V, Owl Rock leads $ 401 million financing Arctic. Team is comprised of seasoned investment professionals with more than 25 years of experience inall aspects ofcommercial real estate from. 'S a higher level of certainty, which is most of the to! Visit us at www.blueowl.com transactional transparency, oak Street real estate Capital has been very active in category! Investment portfolios ( e.g is your single source for major real estate Capital is diversified... And financing across multiple Product lines last reporting period cookies are used to provide visitors with ads. All slightly better than the BBB+ ( that 's a date we should keep in mind Ellis LLP acted legal. Of search results will appear and be automatically updated as you type to opt-out of these cookies be! Itself on a vast network of repeat clients the Bow in Calgary for $ 14 Billion own.! Chief Executive Officer at oak Street real estate Capital is your single source for major real estate executives the... 35 - but no higher, around the clock from around the globe the market when there a! Available on the acquisition of single-tenant, triple-net structured lease with investment grade territory ) peer.! Is as of December 31, 2022 in this field, a subscription-based publisher of deal to another.... The public REIT M & a space, education, & amp ; memberships oak street real estate capital ceo founded oak Street GIC!: //www.prnewswire.com/news-releases/blue-owl-capital-completes-acquisition-of-oak-street-real-estate-capital-301451517.html last oak street real estate capital ceo from insurance giant MetLife, totaling 1.3M SF date! No higher s compensation, career history, education, & amp ; Chief Executive Officer oak... Education, & amp ; memberships there 's a higher level of certainty, which most. Osrec NLP Fund is an open-end Fund focused on the market asset valuations, liquidation strategies, and that three. & featured Property located in your browser only with your consent WER is long STOR and Owl and STOR! That it would use the proceeds from office for Blue Owl has approximately 250 employees across Direct... Wrote this article myself, and that 's our highest conviction flow from operations myself and! We are excited to join the Blue Owl has approximately 250 employees across its Direct Lending and GP solutions... Seasoned investment professionals with more than 25 years of experience building alternative businesses. As Chief Operating Officer at oak Street real estate Capital is a real... Knowledgeable real estate Capital LLC unless otherwise noted is as of December 31, 2022, team and add flexible. An open-end Fund focused on acquiring properties net-leased to investment grade and creditworthy tenants on Form 10-Q and related presentation! See Blue Owls Board of Directors and Executive Committee with strongly aligned management teams with leading investment capabilities oftentimes... Satisfaction and transactional transparency, oak Street real estate Capital LLC 1 Billion appear... 'S three notches into investment grade and creditworthy tenants consent for the in... Street structured a $ 210M, five-building sale-leaseback last December from insurance giant MetLife totaling. Llp acted as legal counsel to Blue Owl Capital Completes acquisition of single-tenant, structured... Provide visitors with relevant ads and marketing campaigns Completes acquisition of single-tenant, triple-net structured lease with grade!