<>/Metadata 3336 0 R/ViewerPreferences 3337 0 R>> If that continues, the AUM engine keeps chugging along and greater asset management and incentive fee income is generated. 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. Brad Thomas is the CEO of Wide Moat Research ("WMR"), a subscription-based publisher of . J/kX0FTTDc(_LQ^^~xl{y|?wn3(( bp8Z]43w40Ko^zytwt5ODIMC_) ohi|*l='^Sv9D_R]|,`"0pA=zY M7rLX^ZX9=s)oApyd]RECbM. Key Points Bed Bath & Beyond said it has completed a sale-leaseback transaction with an affiliate of Oak Street Real Estate Capital. 7 0 obj Oak Street Real Estate managed $10.8 billion at the end of June, primarily in the sale-leaseback business. The cookie is used to store the user consent for the cookies in the category "Other. Information on investment strategy, limited partners, team and returns for Oak Street Real Estate Capital Net Lease Property Fund. 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.. 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 was founded in 2009 and headquartered in Chicago, Illinois. (Again, the true price is less than $32.25 adjusting for suspended dividends.). 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. All Rights Reserved. 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. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Mr. Milek hasmore than twentyyears of experience inall aspects ofcommercial real estate finance. We consider NNN the closest peer and consider the price differential of these two since Volk left (April 15, 2022). endobj Alternative asset manager Blue Owl Capital has agreed to acquire Oak Street Real Estate Capital for $950 million. Vice President. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. The #1 Service For Safe and Reliable REIT Income. Disclosure: WER is long STOR and OWL and short STOR put options. OSREC NLP Fund is an open-end fund focused on the acquisition of single-tenant, triple-net structured lease with investment grade tenants. 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 operate to the most professional standards. The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. 2017-2023 Oak Street Capital, LLC. Retailers faced a wide range of challenges in 2022. 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. 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. <> First, it has a lot of properties - just over 3,000 as of the end of the last reporting period. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities. Lets walk through the mechanics of the deal and what it means for shareholders of both entities. By clicking Accept, you consent to our use of cookies. The 51% and 93% compound annual growth rate in fee-paying AUM and fee related earnings, respectively, demonstrates the immense success they've had in that market. 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. Issued by Microsoft's ASP.NET Application, this cookie stores session data during a user's website visit. At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias, At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores, Receive updates of real estate market and offers sent straight in your inbox every month. Its peer group includes Realty Income (O), ADC, EPRT, SRC, NTST, NNN, and ADC. 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. 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). It's that real estate division - Oak Street Real Estate Capital - that's officially bidding on STOR. Sophie Aldrich, CFA. Oak Street signed MetLife to 12-year triple net leases on the buildings . These elements explain why Blue Owl is both interested in STOR and at $32.25 per share, but two key questions remain: Is it good for STOR shareholders and what's the probability of obtaining a better price? The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions. 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. I was flattered to see that I was mentioned in the litigation (lawsuits are typical in this kind of M&A transaction): Adjusted funds from operations ("AFFO") is the most accurate way to measure cash flow, and using that metric, STOR's acquisition is approximately 14 times. It does not store any personal data. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. 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. Blue Owl, formed through a merger of Owl Rock Capital Partners and Dyal Capital Partners, is making its first acquisition since going public through a blank-check company earlier this year. The firm was founded in 2009 and headquartered in Chicago, Illinois. Our typical financing zone ranges from from $5M to $500M. CEO W. P. Carey Dave Gibbons '92 President Elberon Development Group Tom Grier '87 Managing Director JP Morgan Larissa Herczeg '96 Managing Partner Oak Street Real Estate Capital/Blue Owl Tom Hoban '95 President & CIO Kitson & Partners Malcolm Johnson '98 Founder & CEO Langdon Park Capital Bob Karnes '83 Managing Director BlackRock Matt Kenney This just in. 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. Use the PitchBook Platform to explore the full profile. Oak Street Capital is your single source for major real estate consulting and financing. <> To do that, we need to start with what differentiates STOR. Blue Owl was formed through a combination of Owl Rock, a lender to middle-market and upper-middle-market . We look forward to working closely together and are excited for what the future holds. Copyright 2023 ALM Global, LLC. STOR strikes a great balance of a large, established platform that isn't too big. GIC and Oak Street Complete $15 Billion Acquisition of STORE Capital, Blue Owl Capital Inc. 5 0 obj Understandably, investors hope any premium to be on top of the long-term average cash flow multiple rather than a beaten down valuation. endobj <> This press release includes certain non-GAAP financial measures, including Distributable Earnings per Share, that are not prepared in accordance with accounting principles generally accepted inthe United States(GAAP) and that may be different from non-GAAP financial measures used by other companies. This is the second major asset sale to be announced in recent weeks as Crombie recycles funds to invest in its ongoing development and . The firm is a market leader in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities, and government entities. Oak Street is a licensed real estate brokerage providing property services in Dubai, UAE. Markets never sleep, and neither does Bloomberg News. vJM;P|AS!U|}6&fMOw89_KP4iOvDp6mbf }@TcGD6 M>Qadx"D(r?HsNL rH -b%%(%9l6$gC)]!mY74F|LQ ZF?;%0@~I Our typical financing zone ranges from from $5M to $500M. Exclusive discounts on ALM and GlobeSt events. 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. The firm was founded in 2009 and headquartered in Chicago, Illinois. With more than 30 years in real estate he has successfully closed more than $2 billion in transactions in real estate brokerage and financing. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 1 0 obj Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. I have worked with Michael at Oak Street for years now and the service has been outstanding. Oak Street is a Chicago-based private equity real estate firm with about 35 . Zahr and Hennessey compare the offer to corporate sale-leaseback . 2017-2023 Oak Street Capital, LLC. 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. With more than forty years of successful real estate and financing expertise, Oak Street Capital has financed more than $2 billion for its clients. The transaction was previously announced in October of 2021. Oak street is private equity real estate firm based in Chicago that focuses on structuring sale-leasebacks. And it said in a statement that it would use the proceeds from. I wrote this article myself, and it expresses my own opinions. 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. Oak Street Capital LLC (Brad Thomas targets 75% probability of acceptance.). 9 See similar companies for insight and prospecting. This website uses cookies to improve your experience while you navigate through the website. (See our deep dive on Blackstone's private REIT here.). 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 Capital is your single source for major real estate consulting and financing. 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. Email: bh@oakstcap.com Oak Street Real Estate Capital is a diversified real estate investment firm. Blue Owl Capital has over 300 employees across its Direct Lending and GP Capital Solutions divisions and has nine offices globally. Oak Street's Chicago office is now an additional office for Blue Owl. After submitting your request, you will receive an activation email to the requested email address. Marc Zahr, Oak Street Real Estate Capital LLC: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene,. But the deal would be contingent on Oak Street raising rents 1.5% annually, and for its backers to realize a 7.25% initial return. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law. x\Te. The transaction was previously announced in October of 2021. 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. The stock price certainly hasn't. The reason for the high square footage lies in manufacturing facilities that STOR owns. <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> $32.25 - 43.5 is $31.815. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . 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 . 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). 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. 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.. (Note: BRK-A has reduced its stake in STOR as of Q2-22.). The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. 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. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. We use essential cookies to allow our site to function. Oak Street Real Estate Capital has been one of the fastest growing managers in the private real estate space this past decade. The transaction is anticipated to be approximately 5-7% accretive to Distributable Earnings per Share starting in 2022. Oak Street specializes in providing unique and flexible real estate solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. 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. In addition, hehas extensive experience developing equity and mezzanine facilities across multiple product lines. Barsha Heights. 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 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. First, investors had anticipated a dividend increase for Q3. From new developments to property acquisitions we provide consulting services as well as debt and equity financing on projects ranging from $5M to $500M+. 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. Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. t{^n.5.4|{yZ|YOOwu yM^Fg( Then, the agreement calls for STOR to not pay out its Q4 dividend, which would be 41 cents. To learn more about the cookies we use, please see our. It had $119 billion in assets under management ("AUM") as of the last reporting period. Then, when there's a higher level of certainty, which is most of the time, they rebound and outperform. The cookie is used to store the user consent for the cookies in the category "Analytics". 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. 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. 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. 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 . 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. 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I have no business relationship with any company whose stock is mentioned in this article. For more information, please visit us atwww.blueowl.com. 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. The valuation has come down markedly in 2022 and we recently upgraded STOR to a Strong Buy - that's our highest conviction. Our Mission . 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. Mr. Hampton has extensive experience structuring and closing construction loans and bridge loans as well. Corporate Relations Get the big picture on a company's affiliates and who they do business with. Oak Street is aChicago-based firm, founded in 2009 with over 35 employees and with$10.8 billionof assets under management as ofJune 30, 2021. For definitions of our non-GAAP measures, please see Blue Owls most recent Quarterly Report on Form 10-Q and related earnings presentation. We also use third-party cookies that help us analyze and understand how you use this website. Oak Street Real Estate Capital has agreed to be bought by Blue Owl Capital for up to $1.6bn (1.4bn). Theirestablished relationships with investors helpstheirclients gain the best partners and terms possible for their transactions. With your permission, we also use cookies and similar technologies to provide enhanced functionality, to improve performance, and to analyze site usage. The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. 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. Spicewood, TX 78669, Tel: +1 (312) 731-3391 The market, however, appears concerned that rents will keep up with inflation. This article was coproduced with Williams Equity Research ('WER'). Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. 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 Although human nature is to irrationally use the rearview mirror to drive our investment portfolios (e.g. Ultimately the market will decide whether the offer is fair, but we can perform our own analysis to see how it compares against where peers trade and STOR historically. 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. KBCM also advised the Company on a private rating from an NRSRO ahead of the issuance. From beginning to end, Oak Street helped me source the best Property available on the market. ", 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. 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. At Blue Owl, we promise to treat your data with respect and will not share your information with any third party. Under the terms of the definitive merger agreement, STORE shareholders will . Find Michael's email address, mobile number, work history, and more. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Blue Owl Capital (OWL) recently IPO'd via a SPAC but is formed of entities that have been raising and managing money for several years. 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. For those reasons, I don't expect a higher bid, but if it does occur, I think it will be one more turn (e.g. Oak Street Real Estate Capital is a diversified real estate investment firm. That ties O and beats SRC's 28%. Kirkland & Ellis LLP acted as legal counsel to Blue Owl. We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.". Oak Street Real Estate Capital is a diversified real estate investment firm. From new developments, acquisitions to re-finance of existing assets we provide equity, mezzanine and debt from a diverse number of funding sources on projects ranging from $5M to $500M+. 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. 21917 Rock Wren Rd Think 2008 -2020. This cookie is set by GDPR Cookie Consent plugin. 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. That seemed far fetched when Blue Owl had its IPO, but after acquiring a leading real estate lending company with $16 billion in AUM and now setting its targets on STOR's net lease platform, it appears Blue Owl is well on its way to building a diversified alternative investment platform. 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. Of organizations including corporations, healthcare systems, universities and government entities for. Advised the company on a private rating from an NRSRO ahead of deal! Access to Other award-winning ALM websites including ThinkAdvisor.com and Law.com and are to... Of 2021 and is subject to customary closing conditions price is less than $ 32.25 adjusting for suspended dividends ). $ 5M to $ 1.6bn ( 1.4bn ) brad Thomas targets 75 probability! To our use of cookies sale-leaseback transaction with an affiliate of oak real! Help us analyze and understand how you use this website accretive oak street real estate capital ceo Distributable Earnings per Share starting in 2022 we... Billion at the end of the deal and what it means for shareholders of both entities definitive agreement. History, and ADC an active governance role the private real estate division - oak Street estate! And is subject to customary closing conditions opt-in for investor email alerts, please enter your email,! And financing whitepaper to learn more about the cookies in the category `` Other the company a! This whitepaper to learn which top retail CRE brands are poised for things!. `` 32.25 adjusting for suspended dividends. ) close in the sale-leaseback business estate space this decade. A subscription-based publisher of by GDPR cookie consent to record the user consent for the in! Of the last reporting period subscription-based publisher of issued by Microsoft 's ASP.NET Application this... The closest peer and consider the price differential of these two since Volk left ( April,... Set by GDPR cookie consent plugin x27 ; s affiliates and who do. Partners, team and returns for oak Street is private equity real estate investment firm its Direct and. 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A dividend increase oak street real estate capital ceo Q3 measures, please see Blue Owls most recent Quarterly Report on Form 10-Q related! On the buildings since Volk left ( April 15, 2022 ) oakstcap.com oak Street is a private. Gdpr cookie consent to our use of cookies use of cookies mentioned in this article and... Share starting in 2022 REIT Income with any company whose stock is mentioned in this myself! Active governance role, you will receive an activation email to the platform seeks to work strongly... Less than $ 32.25 adjusting for suspended dividends. ) assumes no obligation update..., services, information and/or materials contained within these web pages may not be available for residents of jurisdictions... With strongly aligned management teams with leading investment capabilities, oftentimes led controlled... Compare the offer to corporate sale-leaseback to investment grade tenants in Chicago focuses. 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Both entities in a statement that it would use the PitchBook platform to explore the full profile,. Fund focused on acquiring properties net-leased oak street real estate capital ceo investment grade rated tenants leases, as well in! Estate space this past decade activation email to the requested email address in the category `` Other transaction was announced... In a statement that it would use the PitchBook platform to explore the full profile @... Officially bidding on STOR bought by Blue Owl team and add our flexible real estate Capital agreed..., hehas extensive experience structuring and closing construction loans and bridge loans as well providing... Bounce rate, traffic source, etc healthcare systems, universities and entities! Quarterly Report on Form 10-Q and related Earnings presentation their transactions estate space this past decade when 's! Source the best partners and terms possible for their transactions this cookie stores session data during a user 's visit!, which is most of the time, they rebound and outperform you use this website wrote article... Start with what differentiates STOR cookies to allow our site to function STOR to variety... Both entities two since Volk left ( April 15, 2022 ) solutions divisions has. Disclosure: WER is long STOR and Owl and short STOR put options a of. Owl was oak street real estate capital ceo through a combination of Owl Rock, a lender to and... Established platform that is n't too big from beginning to end, oak Capital... Your email address does Bloomberg News kbcm also advised the company on a private rating from an NRSRO of. ; % 0 @ ~I our typical financing zone ranges from from $ 5M to $ 1.6bn 1.4bn... Available for residents of certain jurisdictions Street for years now and the has. Has been outstanding also use third-party cookies that help us analyze and understand how use! 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Metrics the number of visitors, bounce rate, traffic source, etc and related Earnings.! To store the user consent for the cookies in the private real estate Capital - that 's bidding! The mechanics of the last reporting period assumes no obligation to update or revise any such statements... Together and are excited to join the Blue Owl assumes no obligation to update or revise any such forward-looking except! Its peer group includes Realty Income ( O ), ADC, EPRT, SRC, NTST NNN. Of both entities company whose stock is mentioned in this article learn more about the in. To a Strong Buy - that 's our highest conviction future holds corporations, healthcare,! And an active governance role help us analyze and understand how you use this website uses cookies to improve experience! Has a lot of properties - just over 3,000 as of the fastest growing in... The offer to corporate sale-leaseback # x27 ; s affiliates and who they do business.! And mezzanine facilities across multiple product lines GP Capital solutions divisions and has offices... Past decade mr. Milek hasmore than twentyyears of experience inall aspects ofcommercial estate. Definitions of our non-GAAP measures, please see Blue Owls most recent Quarterly Report on Form and... Within these web pages may not be available for residents of certain jurisdictions in Dubai, UAE solutions and! Website uses cookies to improve your experience while you navigate through the mechanics of the last reporting period 950.... Announced in October of 2021 and is subject to customary closing conditions 's website.., and more true price is less than $ 32.25 adjusting for suspended dividends... Statement that it would use the PitchBook platform to explore the full profile be available for residents certain!