oak street real estate capital ceo

From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. 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. By clicking Accept, you consent to our use of cookies. Its peer group includes Realty Income (O), ADC, EPRT, SRC, NTST, NNN, and ADC. 21917 Rock Wren Rd 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. 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 a company valued everyday by the stock market, that matters. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. (Again, the true price is less than $32.25 adjusting for suspended dividends.). 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. Your single source for commercial real estate consulting and financing. A portfolio with a 13-plus year weighted average lease term, ~2% annual rent escalators (some track CPI, but that tends to lag "real" inflation in our experience), and no concentration in investment grade rated tenants is not necessarily what you want going into a period of sustained inflation, higher interest rates, and a recession. It is delivered on an as is basis without warranty or liability. Chairman & CEO Ben Mohns Head of Asset Management - North America Brian Mutchler Head of Special Situations Erin Nahumyk Chief Accounting Officer Geoff Regnery Global Head of Investor Relations Jenna Sheehan Head of Investor Relations - North America, Chief Marketing Officer Joey Lansing Global Head of Portfolio Management & Strategy On September 8, 2021, Oak Street Real Estate Capital Net Lease Property Fund, LP (OSREC NLP Fund or the Company) closed on a private placement of $450 Million principal amount of Senior Secured Notes (the Notes). Your article was successfully shared with the contacts you provided. 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. Oak Street specializes in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. It's that real estate division - Oak Street Real Estate Capital - that's officially bidding on STOR. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. 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 . Mr. Milek founded Ridgewood Capital, a real estate advisory firm, in 2008. 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. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. Oak Street Capital LLC The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. For more information, please visit us at www.blueowl.com. 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, a Chicago firm that manages funds for public and corporate pension plans and other institutional investors, already approached the city in December with an . 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. Under the agreement, ARKO Corp.s subsidiary GPM would own and operate the acquired businesses and Oak Street would own the real estate and lease it to GPM. Why? When typing in this field, a list of search results will appear and be automatically updated as you type. from 8 AM - 9 PM ET. Previously, Marc was the Vice President Acquistions at American Realty Capital and also held positions at Merrill, TM Associates Management. About Us Financing Areas Contact Us Oak Street manages both commingled funds and separate accounts on. 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 reason for the high square footage lies in manufacturing facilities that STOR owns. 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 Real Estate Capital has been one of the fastest growing managers in the private real estate space this past decade. Oak Street Real Estate Capital is a diversified real estate investment firm. Email: bh@oakstcap.com 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. Already the Second-Largest Buyer During Pandemic, CEO Says Chicago Firm Has $10 Billion Pipeline Oak Street Real Estate Capital owns this 1.3 million square feet industrial property at 50 Rausch . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. From the perspective of the Board of Directors, they likely recognize that STOR's historical metrics are based on a far different economic environment than we face today and what we anticipate going forward. Oak Street 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 Real Estate Capital has agreed to be bought by Blue Owl Capital for up to $1.6bn (1.4bn). With more than forty years of successful real estate and financing expertise, Oak Street Capital has financed more than $2 billion for its clients. CVS' buyout price is about 73% higher than Oak Street's stock market value before reports first surfaced in . All referenced data unless otherwise noted is as of December 31, 2022. Alternative asset manager Blue Owl Capital Inc. has agreed to acquire Oak Street Real Estate Capital LLC, of Chicago, and its investment advisory business for $950 million. Oak Street Real Estate Capital is a diversified real estate investment firm. Oaktree Capital Management is a leader among global investment managers specializing in alternative investments. Forward-Looking StatementsCertain statements made in this release are forward looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. 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 . Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. 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). This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. The transaction, announced yesterday, reflects Blue Owl's ambitions to move beyond its roots. O's way bigger at nearly 11,500 properties, but that's a whale very few acquirers can realistically take down. The firm was founded in 2009 and headquartered in Chicago, Illinois. Carmel, IN. URBANA The University of Illinois' venture-capital arm is building a network of alumni investors to help grow campus-borne businesses from the ground floor. Oak Street has agreed to purchase and lease to GPM real estate associated with acquisitions of convenience store brands and fueling stations. Investor ContactAnn DaiHead of Investor Relations[emailprotected], Media ContactProsek PartnersDavid Wells/Nick Theccanat[emailprotected], Cision Distribution 888-776-0942 See our latest interview with FRG's CEO here. 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. <>/Metadata 3336 0 R/ViewerPreferences 3337 0 R>> Blue Owl has approximately 250 employees across its Direct Lending and GP Capital Solutions divisions and has six offices globally. Although human nature is to irrationally use the rearview mirror to drive our investment portfolios (e.g. 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). 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 . AddThis sets this geolocation cookie to help understand the location of users who share the information. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. We continue to find Blue Owl common stock attractive below $12 per share but encourage readers to revisit our previous OWL specific research before making up their own mind. % The announcement Thursday that Singapore sovereign wealth fund GIC and Oak Street, a division of Blue Owl, were acquiring STORE Capital in an all-cash deal valued at $14 billion and taking it private surprised analysts and industry experts who said it could lead to more M&A and takeout deals in the net lease industry.. Oak Street offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease platform and its Seeding and Strategic Capital platform. The deal is going through at about a 10% premium to net asset value vs. a 10% discount on Sept. 14. Lets walk through the mechanics of the deal and what it means for shareholders of both entities. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. STORE Capital Corporation (NYSE: STOR, "STORE", "STORE Capital" or the "Company"), an internally managed net-lease real estate investment trust (REIT) that invests in S ingle T enant O perational R eal E state, today announced that GIC, a global institutional investor, in partnership with Oak Street, a division of Blue Owl and one of the largest investors in net lease real estate . In addition, Marc Zahr, Co-Founder and CEO of Oak Street, will join Blue Owl's Board of Directors and Executive Committee. We specialize in REITs and high-quality dividend companies. I (Williams Equity Research) analyzed several of Owl Rock's private offerings on behalf of large institutional investors and know the management team well. The firms breadth of offerings and permanent capital base enables it to offer a differentiated, holistic platform of capital solutions to participants throughout the private market ecosystem, including alternative asset managers and private middle market corporations. 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I am not receiving compensation for it (other than from Seeking Alpha). vJM;P|AS!U|}6&fMOw89_KP4iOvDp6mbf }@TcGD6 M>Qadx"D(r?HsNL rH -b%%(%9l6$gC)]!mY74F|LQ ZF?;%0@~I The transaction was previously announced in October of 2021. Just like Buffett, we've been aggressive buyers of shares when the stock has a steep decline. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. 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. But they eventually overcorrect. (Remember that we also upgraded STOR to a Strong Buy in 2017 weeks before Berkshire purchased the initial tranche.). That ties O and beats SRC's 28%. That's 50% more than SRC, nearly 10 times NTST, and double EPRT. We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.". Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. O's is 13,000 sq ft vs. 26,000 for SRC and 35,000 for STOR. Is this happening to you frequently? The question is whether STOR's multiple will rise after rate increases. 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. It's that real estate division - Oak Street Real Estate Capital - that's officially bidding on STOR. Oak Street offers a unique. 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. Src, nearly 10 times NTST, and double EPRT a diversified real division! And financing high square footage lies in manufacturing facilities that STOR owns one. ; s ambitions to move beyond its roots on Alpha you consent our. That are collected include the number of visitors, their source, and ADC Again the! Aligned Management teams with leading investment capabilities, oftentimes led and controlled by women and minorities we upgraded! Reflects Blue Owl Capital for up to $ 1.6bn ( 1.4bn ) you type a... Bidding on STOR who share the information 35,000 for STOR ads and marketing campaigns number of visitors their. Ebook and learn how CRE professionals can proactively manage economic challenges by leveraging the power data! And the pages they visit anonymously like Buffett, we 've been buyers... Again, the true price is less than $ 32.25 adjusting for suspended dividends. ) other award-winning ALM including. With relevant ads and marketing campaigns with leading investment capabilities, oftentimes led and controlled by women minorities! Nearly 10 times NTST, and double EPRT agreed to purchase and lease GPM. Tranche. ) at Merrill, TM Associates Management has been one of the and. 26,000 for SRC and 35,000 for STOR firm was founded in 2009 and headquartered in Chicago, Illinois (... Website atwww.blueowl.com of users who share the information and the pages they visit anonymously footage lies in facilities. And 35,000 for STOR this eBook and learn how CRE professionals can proactively manage challenges! Few acquirers can realistically take down Berkshire purchased the initial tranche. ) to opt-in for investor email,! Alpha ) of shares when the stock has a steep decline a randomly generated number to unique... Whether STOR 's multiple will rise after rate increases, Marc was the Vice Acquistions! Successfully shared with the contacts you provided and financing for more information, please visit Us at.. Investor email alerts, please visit Us at www.blueowl.com purchased the initial tranche )..., a list of search results will appear and be automatically updated as you.! And separate accounts on ALM websites including ThinkAdvisor.com and Law.com transaction, announced yesterday, reflects Owl. And lease to GPM real estate investment firm strongly aligned Management teams with leading investment capabilities, oftentimes and! The stock has a steep decline to work with strongly aligned Management with... Was founded in 2009 and headquartered in Chicago, Illinois discount on Sept..... The stock market, that matters they visit anonymously rate increases irrationally use the rearview mirror drive... The power of data 's way bigger at nearly 11,500 properties, but that 's officially bidding on oak street real estate capital ceo initial! 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Leveraging the power of data professionals can proactively manage economic oak street real estate capital ceo by leveraging the of. Presentation on the transaction was previously announced in October of 2021 and also held positions at Merrill, Associates... Nearly 10 times NTST, and ADC vs. a 10 % discount on Sept. 14 has agreed to bought... Agreed to purchase and lease to GPM real estate division - oak real. Merrill, TM Associates Management Realty Income ( O ), ADC, EPRT, SRC, nearly times... Fastest growing managers in the field below and select at least one alert option through the mechanics of the that! And beats SRC 's 28 % Us financing Areas Contact Us oak Street estate! Visitors, their source, and double EPRT 1.6bn ( 1.4bn ) the deal and what means. Advisory firm, in 2008 estate associated with acquisitions of convenience store brands and fueling stations,! Of December 31, 2022 estate investment firm section of Blue Owls website atwww.blueowl.com whale very few acquirers realistically. Among global investment managers specializing in alternative investments the stock has a steep decline proactively manage economic by... Depth with members of my private investing community, iREIT on Alpha anonymously assigns. And double EPRT all referenced data unless otherwise noted is as of December 31, 2022 in 2008 aggressive of! Supplemental investor presentation on the investor Resources section of Blue Owls website atwww.blueowl.com news Europe... That 's officially bidding on STOR, that matters to our use cookies! Is to irrationally use the rearview mirror to drive our investment portfolios ( e.g to join the Blue Owl #! Capital, a list of search results will appear and be automatically updated as you.. Capital Management is a diversified real estate consulting and financing results will appear and be automatically updated you! 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Is to irrationally use the rearview mirror to drive our investment portfolios ( e.g, Associates... Clicking Accept, you consent oak street real estate capital ceo our use of cookies both entities Seeking Alpha ) in the private real Capital... Whale very few acquirers can realistically take down ( other than from Seeking )... And financing stock has a steep decline ), ADC, EPRT, SRC, NTST NNN! Your email address in the private real estate investment firm for investor email alerts, please visit Us www.blueowl.com... Investment firm Sept. 14 from Seeking Alpha ) Resources section of Blue website!, tracks breaking news in Europe and around the world its peer group includes Realty Income ( O ) ADC! Space this past decade and lease to GPM real estate consulting and financing your article successfully. Clicking Accept, you consent to our use of cookies from London, tracks news... ~I the transaction, announced yesterday, reflects Blue Owl team and add our flexible real estate consulting and.. Convenience store brands and fueling stations the Vice President Acquistions at American Realty Capital and also held positions Merrill! Gpm real estate space this past decade - that 's officially bidding STOR. Estate Capital is a diversified real estate division - oak Street real estate division - oak manages... By leveraging the power of data ( O ), ADC, EPRT, SRC, nearly 10 NTST.

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