Large Platform Events | Issue 22.38

9.22.22 | This week we recognized 5 capital-related transactions with a disclosed value of $16.5 Billion USD.

Deal Size (Bn USD)	Capital Related Transactions
$14.0	STORE Capital to be Acquired by GIC and Oak Street in $14 Billion Transaction
$2.5	Blackstone Picks 6 Lead I-banks for India’s First Retail Mall REIT IPO for $2.5 Billion Portfolio
N/A	Capital Square Launches Private Equity Group to Focus on Build-for-Rent and Other Non Traditional RE Investments
$16.5	Total

 

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Summary of Transaction Headlines

Business Wire | STORE Capital to be Acquired by GIC and Oak Street in $14 Billion Transaction

STORE Capital Corporation (NYSE: STOR, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, and GIC, a global institutional investor in partnership with Oak Street, a Division of Blue Owl, one of hte largest net lease investors, today announced that they have entered into a definitive agreement under which GIC and funds managed by Oak Street will acquire STORE Capital in an all-cash transaction valued at approximately $14 Billion.

Moneycontrol | Blackstone Picks 6 Lead I-banks for India’s First Retail Mall REIT IPO for $2.5 Billion Portfolio

Nexus Malls is the Indian retail portfolio arm of the Blackstone Group and made its entry into the Indian market in 2016. According to its website, Nexus Malls, the largest mall operator in the country, has a portfolio of close to 10 Million Square Feet of Grade A retail space. Blackstone, the world’s largest real estate investor and India’s biggest corporate landlord, has picked 6 investment banks as lead advisors for the REIT (real estate investment trust) IPO of its retail mall portfolio in India, multiple industry sources with knowledge of the matter told Moneycontrol.

PR Newswire | Capital Square Launches Private Equity Group to Focus on Build-for-Rent and Other Non Traditional RE Investments

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today the launch of its Private Equity Group, a new corporate division that will focus on single-family build-for-rent homes and other non-traditional real estate investment opportunities. Industry veterans, Jon Trott and Dave Platter, have joined Capital Square as managing directors to lead the new division.