BY Richard Summerfield
Blue Owl Capital’s real estate investment arm has agreed to acquire US net lease real estate investment trust (REIT) Sila Realty Trust in a deal worth $2.4bn
Under the terms of the deal, Blue Owl will pay $30.38 per share for all the outstanding shares of the Tampa, Florida-based REIT, a 19 percent premium to Sila’s closing price of $25.53 on 17 April, the day before the announcement.
The addition of Sila, which owns 137 real estate properties and three undeveloped land parcels, located in 65 markets across the US, will bolster the real estate division of Blue Owl. That division currently accounts for around a quarter of the company’s roughly $307bn in assets under management. It also invests in industrial facilities and data centres, and credit secured by other properties.
The transaction, which has been unanimously approved by Sila’s board of directors, is expected to close in the second or third quarter of 2026, subject to approval by Sila’s shareholders and other customary closing conditions. Subject to and upon completion of the transaction, Sila will become a private company, and shares of Sila’s common stock will be de-registered under the Securities Exchange Act of 1934 and will no longer trade on the New York Stock Exchange.
“I am extremely proud of the company that we have built at Sila Realty Trust,” said Michael A. Seton, president and chief executive officer of Sila. “Our success in curating a portfolio of high-quality net lease healthcare properties is a testament to the vision, skill, dedication, and culture to which all my colleagues have contributed. Sila’s management team’s unwavering commitment to put our shareholders as our top priority is evidenced by the undertaking of a strategic process and execution of this transaction with Blue Owl managed funds, the leading global investor in net lease assets and sale-leasebacks. The consummation of this transaction will provide significant and immediate realized benefit to our shareholders.”
“We are extremely excited to acquire one of the best‑in‑class healthcare net lease portfolios in the market,” said Marc Zahr, co-president and global head of real assets at Blue Owl. “Michael and the Sila team have curated a highly diversified collection of critically important healthcare assets across the continuum of care, underpinned by strong tenant fundamentals, long‑term triple‑net leases, and robust rent coverage. This transaction provides us with a compelling opportunity to acquire a scaled portfolio with durable cash flows and attractive long‑term growth characteristics, while further expanding Blue Owl managed funds’ exposure to an asset class and sector we view as both resilient and essential given its critical role in both society and the economy.”
News: Sila Realty Trust to be Acquired by Affiliates of Blue Owl for $2.4 Billionto-be-Acquired-by-Affiliates-of-Blue-Owl-for-%242.4-Billion