Oak Street Real Estate Capital partners with startup REIT

Generation Income Properties, the public REIT founded by David Sobelman, has entered into a preliminary financing arrangement with affiliates of Oak Street Real Estate Capital.

Oak Street recently closed its fourth fund at $1.25 billion in September 2017 and has agreed to provide up to $15 million of preferred equity capital to a to-be-formed partnership, in joint venture with GIP.  The joint venture  intends to acquire high quality, investment grade net leased commercial real estate.