STORE CAPITAL Corp: management transactions · United States · SEC (Form 4)

About STORE CAPITAL Corp

STORE Capital Corp. (ticker: STOR) was a U.S.-listed real estate investment trust traded on the NYSE in the United States (United States) and focused on single-tenant operational real estate. Headquartered in Scottsdale, Arizona, the company built its business around a straightforward but highly scalable model: acquire properties that are essential to a tenant’s operations and lease them back under long-duration contracts. In practice, STORE Capital’s portfolio was designed to serve “profit center” businesses rather than purely passive real estate use cases, which gave the company exposure to operating businesses across many industries and helped diversify tenant and sector risk. From an investor’s perspective, STORE Capital was positioned in the net-lease segment, where leases are typically structured so that tenants bear a meaningful share of property-level expenses. That model tends to support stable rental cash flows and high visibility on income, which is why net-lease REITs are often followed by income-oriented investors. STORE Capital differentiated itself through its emphasis on diversified underwriting, disciplined acquisition standards, and the scale of its sourcing platform. The company described itself as one of the larger and faster-growing net-lease REITs, and prior to its take-private transaction it had built a broad U.S. footprint spanning thousands of property locations across the country. In terms of history, STORE Capital was founded in the early 2010s and expanded rapidly over the following decade. Its growth strategy centered on investing in properties used by operating companies in a wide range of business lines, including service, retail, industrial-style operations, and other essential commercial uses. Rather than concentrating on a narrow property type, the company pursued a diversified portfolio approach intended to reduce tenant concentration risk and increase the durability of cash generation through economic cycles. The headquarters in Scottsdale, Arizona, remained a key part of its corporate identity and investor messaging. A major recent milestone was the September 2022 announcement that GIC and Oak Street, a division of Blue Owl, would acquire STORE Capital in an all-cash transaction valued at roughly $14 billion, followed by completion of the deal in 2023 at approximately $15 billion including assumed debt. As a result, STORE Capital’s common stock was delisted and is no longer publicly traded. This is especially important for users tracking SEC Form 4 insider transactions: any insider activity relates to the period when STOR was still an NYSE-listed public company. Overall, STORE Capital remains a notable case study in U.S. net-lease real estate, combining portfolio diversification, long-term leasing economics, and a successful take-private exit.