Commercial Real Estate Direct Staff Report
Oak Street Real Estate Capital is looking to raise up to $400 million of equity commitments for an investment fund that will pursue net-leased properties.
Its Oak Street Real Estate Capital Fund III will target single-tenant properties in the office, industrial and retail sectors that are occupied by businesses that are least vulnerable to economic downturns.
Oak Street, of Chicago, is led by Marc Zahr, who had co-founded the company in 2009 after a stint as vice president of acquisitions at what is now AR Capital, which sponsors a number of non-traded REITs that focus on the net-leased property sector.
Its new fund is projecting an 8...
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