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Kohl s Says It Has No Plans to Sell More Real Estate and Lease It Back Here s Why
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Oak Street taps CMBS to finance new grocery-store property portfolio
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Dec. 22, 2020 8:00 am ET
A Goldman Sachs Group Inc. unit that buys stakes in alternative investment managers has made its latest push into the real-estate industry by investing in a firm that acquires stores, warehouses and other properties from big companies and then leases them back.
The unit, Petershill, in November purchased a minority stake in Oak Street Real Estate Capital LLC, which has raised over $6.5 billion since launching in 2009. Oak Street’s funds have purchased hundreds of stores, warehouses and office buildings sold and leased back by companies such as Walgreens Boots Alliance Inc. and Big Lots Inc.
The size of the stake and the price paid by Goldman weren’t disclosed, but the deal valued Oak Street at $2 billion, according to people familiar with the matter.
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Here are South Florida’s largest industrial sales of 2020
Blackstone’s multi-county portfolio purchase marked the largest sale Miami / Share via Shortlink
Blackstone paid $94 million to acquire an industrial portfolio, which includes 16100 Northwest 49 Avenue and 16200 Northwest 49 Avenue, Miami Gardens (Google Maps)
A strong performance in the South Florida industrial sector during Covid-19 didn’t fully translate to new milestones in the market’s top sales.
The largest industrial sale of 2020, of $94 million, still fell below the biggest deals of 2019 and 2018, of $178 million and $180 million, respectively, according to an analysis by