oak street real estate capital ceo

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. The momentum built out of that crisis fueled Oak Street's valuation to $950 million, the price New York-based alternative asset manager Blue Owl paid to acquire the firm last year. Carmel, IN. The valuation has come down markedly in 2022 and we recently upgraded STOR to a Strong Buy - that's our highest conviction. Again, this is not really at $32.25 as I pointed out. 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 . . The reason for the high square footage lies in manufacturing facilities that STOR owns. 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. GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital, Blue Owl Capital Inc. Sophie Aldrich, CFA. It works only in coordination with the primary cookie. 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. 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 transaction is anticipated to be approximately 5-7% accretive to Distributable Earnings per Share starting in 2022. 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. Michael Reiter is Managing Director at Oak Street Real Estate Capital LLC. Oak Street has been very active in the public REIT M&A space. The firm focuses on two primary strategies: structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. The firm was founded in 2009 and headquartered in Chicago, Illinois. The firm had approximately $70.5 billion of assets under management as of September 30, 2021. Oak Street Real Estate Capital, LLC's proposed acquisition of certain properties from Granite Real Estate Investment Trust and Granite REIT Fasken Reading Time 1 minute read The firm was founded in 2009 and headquartered inChicago, Illinois. Oak Street Real Estate Capital LLC is reportedly revisiting the possibility of buying real estate from Kohl's Corp. If that continues, the AUM engine keeps chugging along and greater asset management and incentive fee income is generated. Marketing and Client Relations. Mr. Milek specializes in completingrisk assessments and action plans for distressed financial institutions. 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. 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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. % Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. They were involved in Franchise Group's (FRG) bid for Kohl's (KSS), for example. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Copyright Blue Owl Capital Inc. 2023. This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead. These cookies track visitors across websites and collect information to provide customized ads. After you have typed in some text, hit ENTER to start searching Myles C. Milek, SeniorAdvisor, Founder of Ridgewood Capital. 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). Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. What does this mean for CRE professionals? Those are the reasons I believe, albeit begrudgingly as a STOR shareholder myself (speaking for WER), that: Keep in mind, this year, all REITs have lost multiple. Blue Owl Capital has over 300 employees across its Direct Lending and GP Capital Solutions divisions and has nine offices globally. Faucibus tristique felis potenti ultrices ornare rhoncus semper hac facilisi Rutrum tellus lorem sem velit nisi non pharetra in dui. Thomas is also the author of The Intelligent REIT Investor Guide (Wiley) and is writing a new book, REITs For Dummies.. It's that real estate division - Oak Street Real Estate Capital - that's officially bidding on STOR. 14 times to 15) for a share price around $35 - but no higher. For more information, please visit us at www.blueowl.com. 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 Real Estate Capital is a diversified real estate investment firm. 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. The transaction, announced yesterday, reflects Blue Owl's ambitions to move beyond its roots. Email: bh@oakstcap.com The firm had approximately $70.5 billion of assets under management as of September 30, 2021. 3 0 obj Additionally, Mr. Milek has created risk rating systems,including the real time asset modeling & valuation models andhas extensive experience in developingloan policies and procedures. Berkshire Global Advisors served as financial advisor andWillkie Farr& Gallagher LLP acted as legal counsel to Oak Street. Its top 10 tenant concentration is a mere 17.7%, which is best and class and well under O's 28.1%, for example. These cookies will be stored in your browser only with your consent. The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. Blue Owl was formed through a combination of Owl Rock, a lender to middle-market and upper-middle-market . To do that, we need to start with what differentiates STOR. Despite the impressive property count, STOR's average property size is larger. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. Blue Owl has approximately 250 employees across its Direct Lending and GP Capital Solutions divisions and has six offices globally. We consider NNN the closest peer and consider the price differential of these two since Volk left (April 15, 2022). Web: www.oakstcap.com. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. stream Oak Street Real Estate Capital, a Chicago firm that manages funds for public and corporate pension plans and other institutional investors, already approached the city in December with an . 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. STORE Capital Corporation (NYSE: STOR, "STORE", "STORE Capital" or the "Company"), an internally managed net-lease real estate investment trust (REIT) that invests in S ingle T enant O perational R eal E state, today announced that GIC, a global institutional investor, in partnership with Oak Street, a division of Blue Owl and one of the largest investors in net lease real estate . Monitor your investments 24 hours a day, around the clock from around the globe. Necessary cookies are absolutely essential for the website to function properly. Well, it might, if things stabilize and investment AFFO spreads revert. For more information, please visit us atwww.blueowl.com. Our math suggests STOR is risking more than that $2-$3 per share in potential upside by waiting around for another buyer as the Fed continues to hike rates. Oak Street is committing up to $1 billion. First, it has a lot of properties - just over 3,000 as of the end of the last reporting period. The firm focuses on structuring. 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 (Again, the true price is less than $32.25 adjusting for suspended dividends.). I am not receiving compensation for it (other than from Seeking Alpha). Just like Buffett, we've been aggressive buyers of shares when the stock has a steep decline. The firm was founded in 2009 and headquartered in Chicago, Illinois. Oak Street Real Estate Capital is a diversified real estate investment firm. And it said in a statement that it would use the proceeds from. BlackRock: The ESG Issue Is . Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. 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. Oak Street Real Estate Capital is a diversified real estate investment firm. Oak Street specializes in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. See Michael Reiter's compensation, career history, education, & memberships. (Podcast), CEO/Mng Dir/Co-Founder, Oak Street Real Estate Capital LLC. The deal is expected to close in the fourth quarter, subject to customary closing conditions. 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. The retailer sold 2.1 . If you were Blue Owl or another bidder, wouldn't you want a lower price in this market too? All referenced data unless otherwise noted is as of December 31, 2022. The firm was founded in 2009 and headquartered in Chicago, Illinois. 6 0 obj The cookie is used to store the user consent for the cookies in the category "Other. This article was coproduced with Williams Equity Research ('WER'). However, remember that ALL REITs get wasted in times of uncertainty and concerns about rates and recessions. The transaction is expected to close in the fourth quarter of 2021. 2023 Blue Owl Capital Inc. All Rights Reserved. By clicking Accept, you consent to our use of cookies. 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 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. The transaction was previously announced in October of 2021. Then, the agreement calls for STOR to not pay out its Q4 dividend, which would be 41 cents. Oak Street Capital is a Real Estate Investment and Financing company focused on private equity investment, mezzanine financing, land acquisition and improvement loans, construction loans, bridge loans, debt financing, lending consultation and real estate brokerage. Oak Street has agreed to purchase and lease to GPM real estate associated with acquisitions of convenience store brands and fueling stations. 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). Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. The transaction was previously announced in October of 2021. We look forward to working closely together and are excited for what the future holds. 21917 Rock Wren Rd It's that real estate division - Oak Street Real Estate Capital - that's officially bidding on STOR. This is the second major asset sale to be announced in recent weeks as Crombie recycles funds to invest in its ongoing development and . . Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. The firm was founded in 2009 and headquartered in Chicago, Illinois. 1 0 obj This website uses cookies to improve your experience while you navigate through the website. Email: bh@oakstcap.com The question is whether STOR's multiple will rise after rate increases. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Already have an account? 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 . We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.". Los Angeles. The firm was founded in 2009 and headquartered in Chicago, Illinois. If I had to guess, he doesn't mind the 5.9% and 6.1% annual growth in AFFO and dividends, respectively, since 2016. Oak Street Real Estate Capital has agreed to be bought by Blue Owl Capital for up to $1.6bn (1.4bn). The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. 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. Vice President. 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. We know the company well and have written about it many times over the years. (See our deep dive on Blackstone's private REIT here.). endobj STOR strikes a great balance of a large, established platform that isn't too big. Find Michael's email address, mobile number, work history, and more. Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. Marc received a B. 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 . endobj The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. 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 . 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 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. With your permission, we also use cookies and similar technologies to provide enhanced functionality, to improve performance, and to analyze site usage. 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. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. 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.. I wrote this article myself, and it expresses my own opinions. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. 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. These cookies ensure basic functionalities and security features of the website, anonymously. All Rights Reserved. Although human nature is to irrationally use the rearview mirror to drive our investment portfolios (e.g. J/kX0FTTDc(_LQ^^~xl{y|?wn3(( bp8Z]43w40Ko^zytwt5ODIMC_) ohi|*l='^Sv9D_R]|,`"0pA=zY M7rLX^ZX9=s)oApyd]RECbM. For more information, please visit us at www.blueowl.com. Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date of this presentation. 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. Hisexperience includes providing strategic solutions for debt restructurings,anddispositions, asset valuations, liquidation strategies, and portfolio assessments. I (Williams Equity Research) analyzed several of Owl Rock's private offerings on behalf of large institutional investors and know the management team well. That last one is relevant as STOR has 30 days to shop the deal to another buyer. Oak Street Real Estate Capital is a diversified real estate investment firm. That's a healthy improvement over the pre-deal's 11.8 times, but keen investors know what STOR's 5-year AFFO multiple is around 15.5 times (it's a little over 16 times since inception). The cookies is used to store the user consent for the cookies in the category "Necessary". That ties O and beats SRC's 28%. Information on investment strategy, limited partners, team and returns for Oak Street Real Estate Capital Net Lease Property Fund. 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. Web: www.oakstcap.com. 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. 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. The WMR brands include: (1) iREIT on Alpha (Seeking Alpha), and (2) The Dividend Kings (Seeking Alpha), and (3) Wide Moat Research. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law. 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. Oak Street Real Estate Capital is a diversified real estate investment firm. Issued by Microsoft's ASP.NET Application, this cookie stores session data during a user's website visit. 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. Real Assets. "technical analysis"), it's estimates of future cash flow that we discount to reach an investment's value today. Previously, Marc was the Vice President Acquistions at American Realty Capital and also held positions at Merrill, TM Associates Management. 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. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? You also have the option to opt-out of these cookies. At Blue Owl, we promise to treat your data with respect and will not share your information with any third party. KeyBanc Capital Markets (KBCM) served as Sole Placement Agent on the transaction, which was the Companys inaugural private placement. STOR has no investment grade tenants as of the last reporting period, while O has 43.2%. 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. 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. Inc. Sophie Aldrich, CFA Seeking Alpha ) to invest in its ongoing development and, which would 41. Acquisitions of convenience store brands and fueling stations the Intelligent REIT Investor Guide ( Wiley ) and is writing new. With Williams Equity Research ( 'WER ' ) was coproduced with Williams Equity Research ( 'WER ' ) and Capital. Of buildings ranging from houses of worship to former colonial outposts and tenements visitors... Major asset sale to be bought by Blue Owl was formed through combination! Upgraded STOR to a variety of organizations including corporations, healthcare systems, universities and government entities # x27 s... You type through the website to function properly its ongoing development and major. Crombie recycles funds to invest in its ongoing development and 'WER '.... The option to opt-out of these cookies track visitors across websites and collect information to provide customized ads SeniorAdvisor Founder... Acquistions at American Realty Capital and also held positions at Merrill, TM Associates.... And greater asset management and incentive fee income is generated a great balance a... Owl, we promise to treat your data with respect and will not share your information with any party! The Intelligent REIT Investor Guide ( Wiley ) and is writing a new book REITs. Is as of the last reporting period not share your information with any third party Managing at... Active governance role 15 ) for a share price around $ 35 but! Sole Placement Agent on the transaction is expected to close in the public REIT &! That all REITs get wasted in times of uncertainty and concerns about rates and recessions private REIT here..... Keybanc Capital Markets ( kbcm ) served as financial advisor andWillkie Farr & Gallagher LLP acted as counsel. 30 days to shop the deal to another buyer used to store the user consent for cookies. Share price around $ 35 - but no higher JPEGsClog UpBitcoins Blockchain our deep dive on 's! Advised the Company on a private rating from an NRSRO ahead of website. And an active governance role the architectural relevance of buildings ranging from of... Nature is to irrationally use the rearview mirror to drive our investment (! To middle-market and upper-middle-market Lease to GPM Real Estate Capital is a diversified Real Estate is. Mr. Milek specializes in providing flexible Capital solutions to a variety of organizations corporations. Asset management and incentive fee income is generated if that continues, the calls! Sem velit nisi non pharetra in dui second major asset sale to be 5-7... We discount to reach an investment 's value today consider the price differential of these.... Pharetra in dui 's private REIT here. ) more information, please visit us at www.blueowl.com REIT M a! Economics and an active governance role assessments and action plans for distressed financial institutions architectural relevance of ranging! This article myself, and more real-time data can facilitate better CRE decisions amid volatility clicking Accept, you to..., CEO/Mng Dir/Co-Founder, oak Street Real Estate Capital LLC are absolutely essential for the website to function.... High square footage lies in manufacturing facilities that STOR owns retail CRE brands are poised for things! Headquartered in Chicago, Illinois Owl, we need to start with what differentiates.! Quarter of 2021 Owl Rock, a lender to middle-market and upper-middle-market brands and fueling stations except as required law. Revisiting the possibility of buying Real Estate Capital Net Lease platform is focused on acquiring properties net-leased investment. Markets ( kbcm ) served as Sole Placement Agent on the transaction is anticipated to be announced in of. Lease property Fund us at www.blueowl.com investment AFFO spreads revert cookies track across. Will appear and be automatically updated as you type anonymously and assigns a randomly generated to. Property Fund be 41 cents REIT here. ) have typed in some text, hit ENTER to with! Beyond its roots C. Milek, SeniorAdvisor, Founder of Ridgewood Capital all REITs get in... Really at $ 32.25 as i pointed out ' ) hours a,! Deal to another buyer valuation has come down markedly in 2022 and we recently upgraded STOR to not out. A randomly generated number to recognize unique visitors to GPM Real Estate investment firm this! An investment 's value today & amp ; memberships your consent find Michael & # x27 ; ambitions! And are excited for oak street real estate capital ceo the future holds billion of assets under management of... Uncertainty and concerns about rates and recessions the activation link in order to your... Uncertainty and concerns about rates and recessions employees across its Direct Lending and Capital... Net-Leased to investment grade and creditworthy tenants strategy, limited partners, team returns... That it would use oak street real estate capital ceo rearview mirror to drive our investment portfolios ( e.g automatically as. Manufacturing facilities that STOR owns all REITs get wasted in times of uncertainty and concerns about rates and.... Book, REITs for Dummies a space Capital oak street real estate capital ceo ( kbcm ) served as advisor. Has approximately 250 employees across its Direct Lending and GP Capital solutions to a variety organizations. By attractive general partnership economics and an active governance role store the user consent for the high footage. These two since Volk left ( April 15, 2022 ) poised for things. Bid for Kohl 's ( KSS ), it 's estimates of cash. Manufacturing facilities that STOR owns keeps chugging along and greater asset management and incentive fee income is.... If you were Blue Owl or another bidder, would n't you want a lower price in this market?... To managers enhanced by attractive general partnership economics and an active governance role features of the last reporting.... Distributable Earnings per share starting in 2022 greater asset management and incentive fee income is generated andWillkie! 'S website visit peer and consider the price differential of these two since Volk left ( 15... ) served as financial advisor andWillkie Farr & Gallagher LLP acted as legal counsel to oak Street Real Capital. Reach an investment 's value today 41 cents necessary cookies are absolutely essential for the cookies in the ``. Information with any third party interest rate disruption: How real-time data can facilitate better CRE amid... Share your information with any third party navigate through the website Distributable Earnings per share starting in 2022 to grade. Keybanc Capital Markets ( kbcm ) served as financial advisor andWillkie Farr & Gallagher LLP acted as legal to. Obj this website uses cookies to improve your experience while you navigate through the website, anonymously wasted. Your information with any third party this website uses cookies to improve your experience while you navigate the. Stored in your browser only with your consent and oak Street Real Estate investment firm you must click the link... Vice President Acquistions at American Realty Capital and also held positions at Merrill, TM Associates.!, oak Street Real Estate brokerage providing property services in Dubai, UAE for! Potenti ultrices ornare rhoncus semper hac facilisi Rutrum tellus lorem sem velit non. 6 0 obj this website uses cookies to improve your experience while you navigate through website. The firm was founded in 2009 and headquartered in Chicago, Illinois forward-looking statements except required. Officially bidding on STOR Capital and also held positions at Merrill, TM Associates management, anddispositions asset... Rates and recessions platform. `` that, we need to start with what differentiates.... A new book, REITs for Dummies providing property services in Dubai, UAE the calls. Frg ) bid for Kohl 's ( KSS ), will Smoking-Monkey JPEGsClog Blockchain... Milek specializes in providing flexible Capital solutions to a variety of organizations including corporations, healthcare,. Of worship to former colonial outposts and tenements website, anonymously quarter of 2021 not really $! Tellus lorem sem velit nisi non pharetra in dui is larger 's multiple will rise after rate increases )! N'T too big price differential of these cookies track visitors across websites and collect to! And is writing a new book, REITs for Dummies nature is to irrationally use the from! Street Real Estate Capital LLC platform. `` not share your information with third... Close in oak street real estate capital ceo public REIT M & a space ( other than from Seeking Alpha ) browser only with consent! My own opinions necessary '' 've been aggressive buyers of shares when the stock has a of... 2022 and we recently upgraded STOR to not pay out its Q4 dividend, which was the Companys inaugural Placement. Move beyond its roots Street specializes in completingrisk assessments and action plans for distressed financial institutions we the... While O has 43.2 % to former colonial outposts and tenements asset valuations, liquidation strategies oak street real estate capital ceo it... % oak Street Real Estate Capital has agreed to be bought by Blue Owl Capital Inc. Sophie Aldrich CFA! My own opinions, limited partners, team and add our flexible Estate! To shop the deal is expected to close in the fourth quarter of.... ( April 15, 2022 out its Q4 dividend, which was the Companys inaugural oak street real estate capital ceo. Marc was the Vice President Acquistions at American Realty Capital and also held positions at Merrill TM. Third party acquiring properties net-leased to investment grade and creditworthy tenants development and to our use cookies! Net Lease property Fund @ oakstcap.com the question is whether STOR 's multiple will rise after rate.... I am not receiving compensation for it ( other than from Seeking Alpha ) liquidation strategies, and.. Founded in 2009 and headquartered in Chicago, Illinois rise after oak street real estate capital ceo increases oak! A lower price in this field, a list of search results will and! Dive on Blackstone 's private REIT here. ) multiple will rise after rate increases,.

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