STORE Capital Announces CFIUS Approval for Proposed Acquisition by GIC and Oak Street
Posted on 12/07/2022
STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in single tenant operational real estate, announced that the Committee on Foreign Investment in the United States (CFIUS) has approved the previously announced all-cash acquisition of the REIT by affiliates of Singapore’s GIC Private Limited and funds managed by Oak Street, a division of Blue Owl. The transaction is expected to close in the first quarter of 2023, subject to approval by the STORE Capital’s stockholders and the satisfaction of certain other customary closing conditions.