Press Release

Kirkland Represents Oak Street on $15 Billion Acquisition of STORE Capital

Kirkland & Ellis advised Oak Street Real Estate Capital, a division of Blue Owl, on its acquisition together with GIC of STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT), in a transaction valued at approximately $15 billion. STORE Capital is one of the largest and fastest growing net-lease REITs in the United States. The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions. 

Read the transaction press release   

The Kirkland team was jointly led by corporate partner Michael Brueck and real estate partners David Rosenberg and Andrew Van Noord. The team also included corporate partner Tobias Schad and associate Christina Shin, tax partner Mike Beinus, debt finance partner Thomas Dobleman, capital markets partner Pippa Bond, and real estate partners Kim McGrath and Michael Shultz.