Announced
Completed
Financials
Tags
real estate investment trust
Mortgage REITs: Diversified
United States
Acquisition
Domestic
Majority
Private Equity
Public
Completed
Synopsis
GIC, an investment firm, and Oak Street, a real estate investment firm, completed the acquisition of STORE Capital, an internally managed net-lease real estate investment trust, for $15bn. “We are thrilled to complete the STORE Capital acquisition. As one of the largest M&A transactions in the US real estate market, it highlights GIC’s ability to execute at scale in areas we have high conviction in. With GIC’s long-term, committed capital and STORE’s demonstrated operational expertise, we will continue to prudently grow the company and drive strong returns for our portfolio,” Lee Kok Sun, GIC Chief Investment Officer.
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