Behavioral Health Business September 23, 2022
A real estate investment trust (REIT) that owns more than 80 behavioral health locations could be going private in an eye-popping $14 billion deal.
Scottsdale, Arizona-based STORE Capital Corp. (NYSE: STOR) announced it has inked a deal to go private with Singapore-based global institutional investor GIC and Chicago-based alternative asset manager Blue Owl Capital’s real estate arm Oak Street.
STORE Capital Corp. owns 3,012 properties in 49 states and has 579 customers, as of June 30, according to its second-quarter earnings statement filed with the Securities and Exchange Commission. STORE focuses on single-tenant operational real estate.
The company owned 89 behavioral health locations that represented about 3.2% of STORE Capital’s $908 million base rent and interest, according to a recent...
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