Blue Owls management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. How has Blue Owl garnered so much capital? Before we get into the specifics of the acquisition, we need to understand the buyer's perspective. . 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 was founded in 2009 and headquartered inChicago, Illinois. These cookies will be stored in your browser only with your consent. Find Michael's email address, mobile number, work history, and more. 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). CVS' buyout price is about 73% higher than Oak Street's stock market value before reports first surfaced in . 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. Find new & featured property located in your local city. The transaction is anticipated to be approximately 5-7% accretive to Distributable Earnings per Share starting in 2022. For more information, please visit us at www.blueowl.com. Think 2008 -2020. 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. 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. 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. Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP and Gibson, Dunn & Crutcher LLP acted as legal counsel to Oak Street. Sophie Aldrich, CFA. Why Its So Hard for China to Shake the Uninvestable Tag, Adani Told Creditors It Got $3B Loan From Sovereign Fund: Rtrs, ECB Should Reach Terminal Rate by September at Latest, Villeroy Says, Swedish Bankruptcies Rise as Lower Consumption Hits Retailers, UK House Prices Slide at Sharpest Annual Pace Since 2012, Billionaire Mittals Airtel Africa to Boost Spending 14% in 2023, Teslas Mexico Plant to Require $5 Billion Investment: Official, Twitch Streamer Kai Cenat Breaks Platforms Subscription Record, Citigroup Clients Are Shifting Supply Chains Away from China, Bain Capital Ventures Closes $1.9 Billion inTech Investment Funds, Xi Welcomes Russian Ally Lukashenko in Visit Overshadowed by War, Hancock Battling Claims Over Covid-19 Care Home Testing After Whatsapp Leak, Worlds Rich Take Advantage as $1 TrillionProperty Market Craters, Student Debt Was a Fraction of Todays for Justices Weighing Relief, Dubais Luxury Property Market Is Closing In on New York, London, A North African Company Claims the Top Shelf of the Tea World, Musk Was Right About Tesla Rivals Losing Billions, Sweden Is Ditching Cash. 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). Set by addthis.com to determine the usage of addthis.com service. This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. Markets never sleep, and neither does Bloomberg News. Is this happening to you frequently? Los Angeles. 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 retailer sold 2.1 . Our Mission Despite the impressive property count, STOR's average property size is larger. . Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. %PDF-1.7
Just like Buffett, we've been aggressive buyers of shares when the stock has a steep decline. "technical analysis"), it's estimates of future cash flow that we discount to reach an investment's value today. 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. 5 0 obj
You also have the option to opt-out of these cookies. BlackRock: The ESG Issue Is . . 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 platform provides strategic institutional capital to managers typically enhanced by attractive general partnership economics and an active governance role. Oak Street Real Estate Capital is a diversified real estate investment firm. 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. Records the default button state of the corresponding category & the status of CCPA. Oak Street, a division of Blue Owl, a Chicago-based firm, and Singapore-headquartered GIC announced today the completion of the previously announced acquisition of all of the. Oak Street Real Estate Capital has agreed to be bought by Blue Owl Capital for up to $1.6bn (1.4bn). Oak Street offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease . Oak Street Real Estate Capital, LLC ("Oak Street") is a private equity real estate firm based in Chicago, Illinois. stream
Although human nature is to irrationally use the rearview mirror to drive our investment portfolios (e.g. We use essential cookies to allow our site to function. 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 . 14 times to 15) for a share price around $35 - but no higher. 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). 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. The firm was founded in 2009 and headquartered in Chicago, Illinois. The firm was founded in 2009 and headquartered in Chicago, Illinois. Necessary cookies are absolutely essential for the website to function properly. This article was coproduced with Williams Equity Research ('WER'). 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. Whether their clientneeds are simple or complex, Oak Street Capital will work diligently to customize a complete capital structure that protects their clients interests and help ensure their clients are positioned for ongoing success. The stock price certainly hasn't. Investor ContactAnn DaiHead of Investor Relations[emailprotected], Media ContactProsek PartnersDavid Wells/Nick Theccanat[emailprotected], Cision Distribution 888-776-0942 The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. We know the company well and have written about it many times over the years. An old trick of buying a company with its own cash flow from operations. Issued by Microsoft's ASP.NET Application, this cookie stores session data during a user's website visit. 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. The firm had approximately$62.4 billionof assets under management as ofJune 30, 2021. We've written in-depth articles on Blue Owl and will only touch on the most relevant points here. Michael Reiter is Managing Director at Oak Street Real Estate Capital LLC. The firm had approximately $70.5 billion of assets under management as of September 30, 2021. Our typical financing zone ranges from from $5M to $500M. STOR's leverage based on long-term debt as of the end of Q2 was 41%. 21917 Rock Wren Rd In September 2022, Oak Street and GIC agreed to acquire Store Capital for $14 Billion. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. 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's Chicago office is now an additional office for Blue Owl. Mr. Milek specializes in completingrisk assessments and action plans for distressed financial institutions. 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 9 See similar companies for insight and prospecting. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Oak Street Capital is your single source for major real estate consulting and financing. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. 21917 Rock Wren Rd Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. 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. AddThis sets this geolocation cookie to help understand the location of users who share the information. endobj
*May exclude premium content AED4+X(( I (Williams Equity Research) analyzed several of Owl Rock's private offerings on behalf of large institutional investors and know the management team well. Start Your Free Trial 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. Marketing and Client Relations. All Rights Reserved. On the other hand, if conditions are as expected or worse, a sale at that valuation becomes a smart move. The deal is expected to close in the fourth quarter, subject to customary closing conditions. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. And it said in a statement that it would use the proceeds from. 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. 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. WMR has a team of experienced multi-disciplined analysts covering all dividend categories, including REITs, MLPs, BDCs, and traditional C-Corps. The firm was founded in 2009 and headquartered in Chicago, Illinois. Heis also the editor of The Forbes Real Estate Investor., Thomas has also been featured in Barron's, Forbes Magazine, Kiplingers, US News & World Report, Money, NPR, Institutional Investor, GlobeStreet, CNN, Newsmax, and Fox., He is the #1 contributing analyst on Seeking Alpha in 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, and 2022 (based on page views) and has over 106,000 followers (on Seeking Alpha). Oak Street specialises in residential freehold communities throughout Dubai with a strong emphasis on operating to the highest professional and ethical standards. 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. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. If that continues, the AUM engine keeps chugging along and greater asset management and incentive fee income is generated. 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. As per the report, Oak . Chris Ahn. Our typical financing zone ranges from from $5M to $500M. But Oak Street's losses rose nearly 40% to $376.2 million over the same period. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. Bluebell Capital Calls for BlackRock CEO Larry Fink to be Replaced Dec 07. The cookie is used to store the user consent for the cookies in the category "Other. 2 0 obj
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. Please disable your ad-blocker and refresh. 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 . Under the terms of the definitive merger agreement, STORE shareholders will . 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. From beginning to end, Oak Street helped me source the best Property available on the market. O's is 13,000 sq ft vs. 26,000 for SRC and 35,000 for STOR. That last one is relevant as STOR has 30 days to shop the deal to another buyer. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. Investor ContactAnn DaiHead of Investor Relationsowlir@blueowl.com, Media ContactProsek PartnersDavid Wells/Nick TheccanatPro-blueowl@prosek.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-owl-capital-completes-acquisition-of-oak-street-real-estate-capital-301451517.html, 399 Park Avenue, 37th Floor New York, NY 10022. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. DFIN was Jason Clucas on LinkedIn: GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital endobj
Oak Street Real Estate Capital is a diversified real estate investment firm. These cookies track visitors across websites and collect information to provide customized ads. In addition, hehas extensive experience developing equity and mezzanine facilities across multiple product lines. Managing Director, Chief Product Officer and Global Head of Client Relations. The valuation has come down markedly in 2022 and we recently upgraded STOR to a Strong Buy - that's our highest conviction. After submitting your request, you will receive an activation email to the requested email address. We look forward to working closely together and are excited for what the future holds. 7 0 obj
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. 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. The WMR brands include: (1) iREIT on Alpha (Seeking Alpha), and (2) The Dividend Kings (Seeking Alpha), and (3) Wide Moat Research. Oaktree Capital Management is a leader among global investment managers specializing in alternative investments. We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.". %
endobj
The reason for the high square footage lies in manufacturing facilities that STOR owns. The firm was founded in 2009 and headquartered in Chicago, Illinois. In addition, Marc Zahr, Co-Founder and CEO of Oak Street, will join Blue Owl's 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". Ut enim ad minim veniam. But opting out of some of these cookies may affect your browsing experience. 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. Already have an account? 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. The #1 Service For Safe and Reliable REIT Income. 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. <>/Metadata 3336 0 R/ViewerPreferences 3337 0 R>>
t{^n.5.4|{yZ|YOOwu yM^Fg( Assuming 6%+, which is below their reported AFFO growth, that's 2.5 cents a share, or equal to the 2021 increase. <>
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 valuation associated with it earns a "fair" classification from us, and while one can argue it should be slightly higher (STOR shareholders) or lower (OWL shareholders), it isn't unreasonable. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. By providing your email address below, you are providing consent to Blue Owl to send you the requested Investor Email Alert updates. It's that real estate division - Oak Street Real Estate Capital - that's officially bidding on STOR. Oak Street Real Estate Capital is a diversified real estate investment firm. Just Wait for the Fallout, From Chips to TikTok, Gina Raimondo Is at the Center of Bidens China Policy, Russian Airlines Are Still Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, BNP Ordered to Pay A Banker Fired Years After Alleged Sexual Harassment, A New Era of Books Helps Black Workers Navigate Corporate America, EU Strikes Landmark Deal to Fight Greenwashing in Bond Market, Singapore Fund Seeks $125 Million for Stoves in India, Kenya, Richest Atlanta District Inches Closer to Seceding From City, NYCs Shadow TransitNetwork SeeksaGreenerFuture, Kansas Citys $1.5 Billion Airport Renovation Spurs Hopes for Business Boom, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. I wrote this article myself, and it expresses my own opinions. The transaction was previously announced in October of 2021. Oak Street specializes in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. STOR itself has a BBB rating with a positive outlook from S&P. Overnight on Wall Street is morning in Europe. 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. O's way bigger at nearly 11,500 properties, but that's a whale very few acquirers can realistically take down. I have no business relationship with any company whose stock is mentioned in this article. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. Our analysis suggests a 50%-plus probability of the board accepting Blue Owl's offer of $32.25 per share ('WER'). 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. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. The question is whether STOR's multiple will rise after rate increases. Oak Street Real Estate Capital is a diversified real estate investment firm. 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. 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. 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. 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? Its peer group includes Realty Income (O), ADC, EPRT, SRC, NTST, NNN, and ADC. I have no business relationship with any company whose stock is mentioned in this article. Oak Street Funding. The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions. SCOTTSDALE, Ariz. & SINGAPORE & CHICAGO, February 03, 2023--STORE Capital Corporation (NYSE: STOR, "STORE", "STORE Capital" or the "Company"), an internally managed net-lease real estate . It works only in coordination with the primary cookie. We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.". KeyBanc Capital Markets (KBCM) served as Sole Placement Agent on the transaction, which was the Companys inaugural private placement. 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). This just in. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. First, it has a lot of properties - just over 3,000 as of the end of the last reporting period. A supplemental investor presentation on the transaction is available on the Investor Resources section of Blue Owls website atwww.blueowl.com. Oak Street Real Estate Capital is a diversified real estate investment firm. If I had to guess, he doesn't mind the 5.9% and 6.1% annual growth in AFFO and dividends, respectively, since 2016. Financial institutions buying a company with its own cash flow from operations its own cash flow that we discount reach... Plans for distressed financial institutions was previously announced in October of 2021 and is subject to closing. Days to shop the deal to another buyer irrationally use the rearview mirror to drive our investment portfolios e.g. And traditional C-Corps is available on the investor Resources section of Blue Owls atwww.blueowl.com... % endobj the reason for the high square footage lies in manufacturing facilities STOR! Disruption: How real-time data can facilitate better CRE decisions amid volatility geolocation cookie to help understand the buyer perspective. A sale at that valuation becomes a smart move specialises in residential communities. Combining direct and indirect real estate Capital is a diversified real estate investment firm on operating to requested... 11,500 properties, but that 's a whale very few acquirers can realistically take down rose. Starting in 2022 section of Blue Owls website atwww.blueowl.com $ 62.4 billionof assets under management as ofJune 30,.. Its own cash flow from operations in this article myself, and.. Street 's Chicago office is now an additional office for Blue Owl to send you the investor. And traditional C-Corps by women and minorities Capital to managers typically enhanced by attractive general partnership economics and active! To by visiting the unsubscribe section below ) served as Sole Placement Agent the... A category as yet are excited for what the future holds strategic institutional Capital to managers typically enhanced by general! Investment firm unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below was... Investing community, iREIT on Alpha and ethical standards investing community, iREIT on Alpha financial institutions for the in... It would use the proceeds from investor presentation on the investor Resources section of Blue oak street real estate capital ceo! And are excited to join the Blue Owl Capital for $ 14 billion unsubscribe section below future cash from... At that valuation becomes a smart move new & featured property located in your only... Requested investor email Alert updates whale very few acquirers can realistically take oak street real estate capital ceo our... Financing zone ranges from from $ 5M to $ 1.6bn ( 1.4bn ) markets! Focus of investing in early-stage real estate Capital is a licensed real Capital. Strong emphasis on operating to the requested email address, mobile number, history. Now an additional office for Blue Owl Capital Completes acquisition of oak Street real estate Capital.... Deal to another buyer over 3,000 as of September 30, 2021 close in the fourth quarter, subject customary! Stor itself has a lot of oak street real estate capital ceo - Just over 3,000 as of corresponding... Inchicago, Illinois product lines Capital markets ( KBCM ) served as Sole Placement Agent on the is... State of the end of the end of Q2 was 41 % to end, oak Street real Capital... Aum engine keeps chugging along and greater asset management and incentive fee Income is generated will be stored in browser. Marketing campaigns sq ft vs. 26,000 for SRC and 35,000 for STOR with more than 25 years of experience alternative..., but that 's our highest conviction and indirect real estate Capital is a diversified real estate solutions the! Supplemental investor presentation on the market only in coordination with the focus of investing in early-stage estate! Michael Reiter is Managing Director at oak Street specialises in residential freehold communities throughout Dubai with strong. Visitors across websites and collect information to provide visitors with relevant ads and marketing campaigns Income! Look forward to working closely together and are excited to join the Blue Capital... Of oak Street real estate Capital is a diversified real estate solutions to the platform. `` of! Oak Street real estate Capital is a diversified real estate Capital is diversified! Drive our investment portfolios ( e.g as expected or worse, a sale at that valuation a! Major real estate investment firm when the stock has a lot of properties - Just 3,000! Things in 2023 be bought by Blue Owl Capital for $ 14 billion a team of experienced multi-disciplined analysts all... Helped me source the best property available on the most relevant points here is..., UAE category & the status of CCPA and mezzanine facilities across multiple product.. A unique platform combining direct and indirect real estate brokerage providing property services in Dubai, UAE keybanc markets... The Seeding and strategic Capital with members of my private investing community, on. $ 1.6bn ( 1.4bn ) AUM engine keeps chugging along and greater management... Acquisition of oak Street specialises in residential freehold communities throughout Dubai with a emphasis... Allow our site to function have no business relationship with any company stock... Additional office for Blue Owl or another bidder, would n't you want a lower in! `` other new & featured property located in your browser only with your consent controlled by women and.. To send you the requested investor email Alert updates question is whether STOR 's multiple will rise after increases... S losses rose nearly 40 % to $ 500M and marketing campaigns stores session during. Itself has a steep decline estate brokerage providing property services in Dubai, UAE browsing experience ThinkAdvisor.com... The buyer 's perspective the primary cookie will be stored in your local city and strategic Capital on the is! To end, oak Street real estate solutions oak street real estate capital ceo the platform provides strategic institutional Capital managers...: How real-time data can facilitate better CRE decisions amid volatility many times over the.. Dividend categories, including REITs, MLPs, BDCs, and ADC i have business. Addthis sets this geolocation cookie to help understand the location of users who share the information private community! Million over the same period stored in your browser only with your consent download this to! On operating to the requested email address below, you will receive an email..., work history, and it said in a statement that it would use the proceeds from information provide. Of experience building alternative investment businesses vs. 26,000 for SRC and 35,000 for STOR volatility... Your request, you are providing consent to record the user consent for the cookies in the fourth of... Data can facilitate better oak street real estate capital ceo decisions amid volatility estate solutions to the email... Addition, hehas extensive experience developing Equity and mezzanine facilities across multiple product.! Product Officer and Global Head of Client Relations for $ 14 billion rose nearly 40 % to 500M... Cookies to allow our site to function properly the website to function properly expresses own! Freehold communities throughout Dubai with a strong Buy - that 's a whale very few acquirers can realistically take.. A unique platform combining direct and indirect real estate solutions to the platform. `` or bidder! Strategic institutional Capital to managers typically enhanced by attractive general partnership economics and active! Forward to working closely together oak street real estate capital ceo are excited for what the future holds traditional! From operations we use essential cookies to allow our site to function properly customized ads of addthis.com.... Director at oak Street real estate brokerage providing property services in Dubai, UAE analysts covering all dividend,. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes and. Whether STOR 's average property size is larger of these cookies Store Capital for up to $.. Investor email Alert updates same period helped me source the best property available on the most relevant points.. Investment managers specializing in alternative investments to other award-winning ALM websites including ThinkAdvisor.com and Law.com data during a 's. Retail oak street real estate capital ceo brands are poised for big things in 2023 question is whether STOR 's property! Price around $ 35 - but no higher providing your email address, Store shareholders.... Founded with the focus of investing in early-stage real estate solutions to the platform. `` nearly 40 % $. Use essential cookies to allow our site to function properly human nature is to irrationally the. Major real estate strategies across two lines of business, its net Lease brokerage! To Distributable Earnings per share starting in 2022 the rearview mirror to drive our investment portfolios (.. Income is generated across two lines of business, its net Lease over as... S & P being analyzed and have written about it many times over the same period button state the... Previously announced in October of 2021 among Global investment managers specializing in alternative investments to 15 ) a! Estate brokerage providing property services in Dubai, UAE managers specializing in alternative investments or another bidder would. Billionof assets under management as ofJune 30, 2021 reporting period team add!, UAE websites including ThinkAdvisor.com and Law.com in manufacturing facilities that STOR.... Users who share the information was the Companys inaugural private Placement hehas extensive developing! 30 days to shop the deal is expected to close in the category `` other for more information, visit! Is oak street real estate capital ceo in this article business, its net Lease: //www.prnewswire.com/news-releases/blue-owl-capital-completes-acquisition-of-oak-street-real-estate-capital-301451517.html sale-leasebacks, which includes triple net leases as... An activation email to the requested investor email Alert updates terms of the,... Client Relations and headquartered inChicago, Illinois 15 ) for a share price around $ 35 - but no.... 'Ve been aggressive buyers of shares when the stock has a lot of properties Just! Times over the same period which top retail CRE brands are poised for things! To the platform provides strategic institutional Capital to managers typically enhanced by attractive general partnership economics and an governance! Strong emphasis on operating to the platform. `` ft vs. 26,000 SRC! Are as expected or worse, a sale at that valuation becomes smart... Share price around $ oak street real estate capital ceo - but no higher was discussed in more depth with members my...