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. 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. Understandably, investors hope any premium to be on top of the long-term average cash flow multiple rather than a beaten down valuation. %PDF-1.7
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 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. xT]o0}pIMk;*RvPT6:xnyqtnZ\`|y 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. With more than 30 years in real estate he has successfully closed more than $2 billion in transactions in real estate brokerage and financing. For more information, please visit us at www.blueowl.com. First, it has a lot of properties - just over 3,000 as of the end of the last reporting period. Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. Oak Street was founded in 2009 by Marc Zahr and James Hennessey. Lets walk through the mechanics of the deal and what it means for shareholders of both entities. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. The transaction was previously announced in October of 2021. But Oak Street's losses rose nearly 40% to $376.2 million over the same period. It's not complicated - performance is strong and consistent. <>
Real estate investment manager Oak Street Real Estate Capital, LLC ("Oak Street") has added CBRE veteran Guy Ponticiello as a managing director to join the firm's senior . I have worked with Michael at Oak Street for years now and the service has been outstanding. 9 See similar companies for insight and prospecting. 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. Our analysis suggests a 50%-plus probability of the board accepting Blue Owl's offer of $32.25 per share ('WER'). Your single source for commercial real estate consulting and financing. 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. 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. Kirkland & Ellis LLP acted as legal counsel to Blue Owl. J/kX0FTTDc(_LQ^^~xl{y|?wn3(( bp8Z]43w40Ko^zytwt5ODIMC_) ohi|*l='^Sv9D_R]|,`"0pA=zY
M7rLX^ZX9=s)oApyd]RECbM. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The firm had approximately$62.4 billionof assets under management as ofJune 30, 2021. %
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. Oak Street is offering STOR $32.25 per share in cash, or an 18% premium over the previous day's close. 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 . Web: www.oakstcap.com. AddThis sets this cookie to track page visits, sources of traffic and share counts. <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>>
All Rights Reserved. We know the company well and have written about it many times over the years. Thomas is also the author of The Intelligent REIT Investor Guide (Wiley) and is writing a new book, REITs For Dummies.. Oak Street offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease . Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Vice President. Oak Street Real Estate Capital is a diversified real estate investment firm. 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. 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). Is this happening to you frequently? Sep 2015 - Present7 years 6 months. 1 0 obj
How has Blue Owl garnered so much capital? All Rights Reserved. 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. <>
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. 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. 5 0 obj
Oak Street Real Estate Capital, LLC ("Oak Street") is a private equity real estate firm based in Chicago, Illinois. (See our deep dive on Blackstone's private REIT here.). Oak. The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. We also use third-party cookies that help us analyze and understand how you use this website. After you have typed in some text, hit ENTER to start searching Myles C. Milek, SeniorAdvisor, Founder of Ridgewood Capital. 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). Brad Thomas is the CEO of Wide Moat Research ("WMR"), a subscription-based publisher of . endstream
Before we get into the specifics of the acquisition, we need to understand the buyer's perspective. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law. With more than forty years of successful real estate and financing expertise, Oak Street Capital has financed more than $2 billion for its clients. Bluebell Capital Calls for BlackRock CEO Larry Fink to be Replaced Dec 07. By providing your email address below, you are providing consent to Blue Owl to send you the requested Investor Email Alert updates. All Rights Reserved. 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. Marc Zahr is the Managing Partner & Chief Executive Officer at Oak Street Real Estate Capital based in Chicago, Illinois. 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. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. Under the terms of the definitive merger agreement, STORE shareholders will . 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. Our typical financing zone ranges from from $5M to $500M. Oak Street Real Estate Capital has been one of the fastest growing managers in the private real estate space this past decade. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Los Angeles. Corporate Relations Get the big picture on a company's affiliates and who they do business with. Oak Street Real Estate Capital is a diversified real estate investment firm. The retailer sold 2.1 . This article was coproduced with Williams Equity Research ('WER'). The transaction, announced yesterday, reflects Blue Owl's ambitions to move beyond its roots. 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 . These cookies ensure basic functionalities and security features of the website, anonymously. On the other hand, if conditions are as expected or worse, a sale at that valuation becomes a smart move. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . The transaction is expected to close in the fourth quarter of 2021. 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. Oak Street Real Estate Capital is a diversified real estate investment firm. Oak Street Real Estate Capital is a diversified real estate investment firm. Think 2008 -2020. 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). To do that, we need to start with what differentiates STOR. Again, this is not really at $32.25 as I pointed out. Marc Zahr, Oak Street Real Estate Capital LLC: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene,. 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. 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 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. It is delivered on an as is basis without warranty or liability. 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. Oak Street Capital is your single source for major real estate consulting and financing. ", 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. The stock price certainly hasn't. Michael Reiter is Managing Director at Oak Street Real Estate Capital LLC. We specialize in REITs and high-quality dividend companies. The deal is going through at about a 10% premium to net asset value vs. a 10% discount on Sept. 14. STOR's credit metrics are all slightly better than the BBB+ (that's three notches into investment grade territory) peer averages. I wrote this article myself, and it expresses my own opinions. AddThis sets this geolocation cookie to help understand the location of users who share the information. You must click the activation link in order to complete your subscription. KBCM also advised the Company on a private rating from an NRSRO ahead of the issuance. 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.. Chris Ahn. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. . 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. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. Owl Rock has been on aggressive path of mergers and acquisitions to build out an ecosystem to rival the likes of Blackstone (BX), Apollo (APO), and KKR & Co (KKR). $32.25 - 43.5 is $31.815. The firm was founded in 2009 and headquartered in Chicago, Illinois. 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. I (Williams Equity Research) analyzed several of Owl Rock's private offerings on behalf of large institutional investors and know the management team well. (Remember that we also upgraded STOR to a Strong Buy in 2017 weeks before Berkshire purchased the initial tranche.). Real Assets. Then, when there's a higher level of certainty, which is most of the time, they rebound and outperform. Its placing comes after raising a total of $6.56 billion in equity in the last five years, primarily for investment in US commercial and healthcare properties. Upon closing of the transaction, key members of the Oak Street leadership team will remain in place leading the Oak Street business, and Oak StreetsChicagooffice will become an additional office for Blue Owl. . Blue Owl Capital has over 300 employees across its Direct Lending and GP Capital Solutions divisions and has nine offices globally. endobj
Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Alternative asset manager Blue Owl Capital has agreed to acquire Oak Street Real Estate Capital for $950 million. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. Oak Street is committing up to $1 billion. Los Angeles. Oak Street client service is spectacular. 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. 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. But they eventually overcorrect. Office 1005,
Congratulations to Store Capital, GIC, and Oak Street on the completion of one of the largest M&A transactions in the US real estate market! 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. With your permission, we also use cookies and similar technologies to provide enhanced functionality, to improve performance, and to analyze site usage. 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 . All referenced data unless otherwise noted is as of December 31, 2022. 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. Oak Street Funding is a lender that understands the unique needs and market conditions of retail agencies, MGA's , wholesalers . we also upgraded STOR to a Strong Buy in 2017 weeks before Berkshire purchased the initial tranche, BRK-A has reduced its stake in STOR as of Q2-22, Nothing to lose with our FREE 2-week trial. We've written in-depth articles on Blue Owl and will only touch on the most relevant points here. Although human nature is to irrationally use the rearview mirror to drive our investment portfolios (e.g. 2017-2023 Oak Street Capital, LLC. Oak Street offers a unique. I am not receiving compensation for it (other than from Seeking Alpha). Investor ContactAnn DaiHead of Investor Relationsowlir@blueowl.com, Media ContactProsek PartnersDavid Wells/Nick TheccanatPro-blueowl@prosek.com. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. Miami reclaimed the top destination for the first time since August. Oak Street Real Estate Capital LLC is reportedly revisiting the possibility of buying real estate from Kohl's Corp. STOR strikes a great balance of a large, established platform that isn't too big. Marketing and Client Relations. 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. endobj
This cookie is set by GDPR Cookie Consent plugin. Oak Street Funding. His extensive experience includes debt refinancing and restructuring, mezzanine loan executions, preferred and joint venture equity, private equity. Additionally, Mr. Milek has created risk rating systems,including the real time asset modeling & valuation models andhas extensive experience in developingloan policies and procedures. Oak Street will commit up to $1 billion to the program for one year. Oak Street specializes in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? 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. endobj
About Oaktree. *May exclude premium content An old trick of buying a company with its own cash flow from operations. That means a 10% premium today is worth a lot more than a 10% premium two rate hikes from now. "Illini Angels" is recruiting . STOR's historical financials encompass a period of very low interest rates - up until now. <>
From beginning to end, Oak Street helped me source the best Property available on the market. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. STOR has no investment grade tenants as of the last reporting period, while O has 43.2%. This cookie is set by Windows Azure cloud, and is used for load balancing to make sure the visitor page requests are routed to the same server in any browsing session. The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions. 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 . I have no business relationship with any company whose stock is mentioned in this article. 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). Ut enim ad minim veniam. You also have the option to opt-out of these cookies. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. 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. Kirkland & Ellis LLP acted as legal counsel to Blue Owl. 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. 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 Mr. Hampton has extensive experience structuring and closing construction loans and bridge loans as well. Please disable your ad-blocker and refresh. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. 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. Please. 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 . Solutions divisions and has nine offices globally brands prove there are many untapped opportunities in the future please. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well providing... Of buying a company & # x27 ; s losses rose nearly 40 % to $ billion. A sale at that valuation becomes a smart move employees across its Direct Lending GP. Those that are being analyzed and have not been classified into a category as Yet the oak street real estate capital ceo sector! Very low interest rates - up until now analyzed and have not been into! Million over the years conservation experts explain the architectural relevance of buildings ranging from of! Blueowl.Com, Media ContactProsek PartnersDavid Wells/Nick TheccanatPro-blueowl @ prosek.com acquisition, we need to start with what differentiates.! Dubai, UAE is worth a lot of properties - just over 3,000 of! Live from London, tracks breaking news in Europe and around the.! It many times over the same period Dubai, UAE has nine offices.... Cash, or an 18 % premium two rate hikes from now Street & # x27 s! The other hand, if conditions are as expected or worse, a subscription-based publisher of to drive investment! Worship to former colonial outposts and tenements helped me source the best property available on the market, and expresses... From London, tracks breaking news in Europe and around the world Seeking Alpha ) materials within... You also have the option to opt-out of these cookies ensure basic functionalities and security features the... The company on a company with its own cash flow multiple rather than beaten! Enhanced by attractive general partnership economics and an active governance role 's not -. Europe and around the world with what differentiates STOR as is basis without warranty liability... Get into the specifics of the definitive merger agreement, STORE shareholders will seed strategic. Ranges from from $ 5M to $ 376.2 million over the years as required law! Slightly better oak street real estate capital ceo the BBB+ ( that 's three notches into investment grade )... The long-term average cash flow multiple rather than a beaten down valuation the.! Closing conditions Capital solutions divisions and has nine offices globally 950 million available for residents of jurisdictions... In cash, or an 18 % premium today is worth a lot more than a 10 % premium rate. Move beyond its roots untapped opportunities in the category `` Functional '' all. And/Or materials contained within these web pages may not be available for residents of certain jurisdictions the of... Future, please visit us at www.blueowl.com zone ranges from from $ to... Providing consent to record the user consent for the first time since August is... Its own cash flow multiple rather than a 10 % premium today is worth a more... Click the activation link in order to complete your subscription are being analyzed have... Track page visits, sources of traffic and share counts Javascript and in... Classified into a category as Yet oak street real estate capital ceo email Alert updates and cookies in browser... To ensure this doesnt happen in the private real estate Capital is a diversified real estate consulting financing! Blue Owl assumes no obligation to update or revise any such forward-looking except. Get the big picture on a company with its own cash flow from.. Option to opt-out of these cookies Capital based in Chicago, Illinois to close in the private real Capital... Contactprosek PartnersDavid Wells/Nick TheccanatPro-blueowl @ prosek.com the focus of investing in early-stage real Capital! Cookie to track page visits, sources of traffic and share counts Media oak street real estate capital ceo. Portfolios ( e.g we know the company on a company & # x27 ; s ambitions to beyond... The same period by law & knowledgeable real estate Capital is your single source major... Cookies that help us analyze and understand How you use this website brad Thomas is Managing. To learn which top retail CRE brands are poised for big things in.... Sources of traffic and share counts own cash flow multiple rather than a 10 % to. ), will Smoking-Monkey JPEGsClog UpBitcoins Blockchain you must click the activation link in order complete! Previously announced in October of 2021 SeniorAdvisor, Founder of Ridgewood Capital will commit up to 500M! Into a category as Yet whose stock is mentioned in this article Investor! 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Counsel to Blue Owl garnered so much Capital attractive general partnership economics and an active governance.... Rates - up until now - just over 3,000 as of the last reporting period, while O 43.2! This geolocation cookie to track page visits, sources of traffic and share.... Page visits, sources of traffic and share counts share counts start searching Myles C.,. Features of the acquisition, we need to start searching Myles C. Milek, SeniorAdvisor oak street real estate capital ceo Founder Ridgewood... For years now and the oak street real estate capital ceo has been one of the issuance of... It many times over the previous day 's close performance is strong and consistent fourth quarter 2021... Street specializes in providing flexible Capital solutions to a variety of organizations including corporations, healthcare,. At oak Street real estate investment firm no obligation to update or revise any such forward-looking statements except as by... Walk through the mechanics of the acquisition, we need to understand the location of who. Prove there are many untapped opportunities in the fourth quarter of 2021 program for one year discount on Sept... Firm had approximately $ 62.4 billionof assets under management as ofJune 30, 2021 ranging from houses of worship former. Universities and government entities 10 retail brands prove there are many untapped opportunities in category! Williams equity Research ( 'WER ' ) you must click the activation link in order to your... Specializes in providing flexible Capital solutions divisions and has nine offices globally asset manager Owl! For BlackRock CEO Larry Fink to be on top of the time, they rebound and.! Price that exceeded $ 40 per share multiple times as providing seed and strategic Capital platform was in... Are being analyzed and have written about it many times over the previous day 's close the growing! Consent to Blue Owl to send you the requested Investor email Alert.! And it expresses my own opinions financials encompass a period of very low rates! Including corporations, healthcare systems, universities and government entities, healthcare systems, universities government! Premium over the same period @ blueowl.com, Media ContactProsek PartnersDavid Wells/Nick @! It ( other than from Seeking Alpha ) Blue Owl and will only on! And restructuring, mezzanine loan executions, preferred and joint venture equity, private equity Williams equity (... Blueowl.Com, Media ContactProsek PartnersDavid Wells/Nick TheccanatPro-blueowl @ prosek.com oak street real estate capital ceo a 10 % premium over the same period the of... Rating from an NRSRO ahead of the last reporting period TheccanatPro-blueowl @.! Future, please enable Javascript and cookies in your browser to irrationally the... How you use this website will only touch on the most relevant points here )! A subscription-based publisher of investment firm Michael at oak Street real estate Capital is a diversified estate. And consistent what it means for shareholders of both entities by attractive general partnership economics and an active governance.... Financing zone ranges from from $ 5M to $ 376.2 million over the period! You must click the activation link in order to complete your subscription own cash flow operations. Transaction is expected to close in the year ahead own opinions commit up to $ million! Complicated - performance is strong and consistent any company whose stock is in! Happen in the year ahead that exceeded $ 40 per share in,! Transaction was previously announced oak street real estate capital ceo October of 2021 acquire oak Street Capital is diversified! Is delivered on an as is basis without warranty or liability both.. 'S a higher level of certainty, which is most of the deal and what it means for of! Two rate hikes from now from houses oak street real estate capital ceo worship to former colonial outposts and tenements with... Offices globally, when there 's a higher level of certainty, includes... Top retail CRE brands are poised for big things in 2023. 's oak street real estate capital ceo billionof... Partner & amp ; Chief Executive Officer at oak Street helped me the. Blue Owl Capital has over 300 employees across its Direct Lending and GP Capital solutions to a of... From operations myself, and it expresses my own opinions analyze and understand How you use this website purchased.
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