Arko Corp. Subsidiary Gpm Investments Secures $1.15 Billion Real Property Commitment From Oak Street Real Estate Capital
Arko Corp. Subsidiary Gpm Investments Secures $1.15 Billion Real Property Commitment From Oak Street Real Estate Capital
04/13/22, 8:00 AM
Location
richmondMoney raised
$1.15 billion
GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO), extended its existing $1 billion agreement with Chicago-based real estate investment firm Oak Street Real Estate Capital, a division of Blue Owl Capital ("Oak Street") by one-year, and the extended agreement provides aggregate availability in the amount of $1.15 billion during the second year of the term.
Company Info
Location
richmond, virginia, united states
Additional Info
The company recently announced its planned acquisition of Quarles Petroleum, marking its 21st acquisition, which is currently expected to close in the second quarter of 2022. Anchored by a strong permanent capital base, the firm deploys private capital across Direct Lending, GP Solutions and Real Estate strategies on behalf of Institutional and Private Wealth clients.