Green Street



Phil Owens on Spin-Offs and Conversions

In a 2014 interview, Phil Owens, Managing Director of Green Street’s Advisory Group, discussed the trend of non-traditional real estate companies seeking to unlock the value of their real estate. As an example, he described the spin-off of Red Lobster’s real estate portfolio in a sale to American Realty Capital.  Green Street’s Advisory Group completed independent valuation work on the real estate portfolio.