Sila Realty Trust, Inc. has agreed to be acquired by affiliates of Blue Owl Real Estate Capital LLC in an all-cash transaction valuing the company at approximately $2.4 billion. Under the terms announced Monday, Blue Owl’s real estate affiliates will purchase all outstanding shares of Sila’s common stock for $30.38 per share.
Sila, headquartered in Tampa, focuses on net-lease healthcare real estate. The company holds a portfolio of 137 net-leased healthcare properties along with three undeveloped land parcels. According to the companies, these assets are spread across 65 markets nationwide, giving the buyer immediate scale and diversification within the healthcare net-lease segment.
Sila president and CEO Michael A. Seton said he is proud of the company built over time, noting that the portfolio reflects a deliberate effort to assemble high-quality net-lease healthcare properties. He attributed the platform’s evolution to the vision, skills, and dedication of Sila’s team and highlighted the firm’s internal culture as a key contributor to its performance.
Blue Owl Capital Inc., based in New York City, is acquiring Sila through certain affiliates of its real estate platform. Marc Zahr, co-president and global head of real assets at Blue Owl, said the transaction offers a meaningful opportunity to add a scaled portfolio with durable cash flows and attractive long-term growth characteristics. He also emphasized that the acquisition will increase the exposure of Blue Owl-managed funds to healthcare net-lease assets, a sector he described as resilient and essential given its role in the broader economy and in serving societal needs.
The transaction was unanimously approved by Sila’s board of directors. Closing is anticipated in the second or third quarter of 2026, subject to customary conditions. Following completion of the acquisition, Sila’s shares will cease trading on the New York Stock Exchange and the company will become privately held under Blue Owl’s ownership structure.
A range of financial and legal advisors is supporting both sides of the deal. BofA Securities is acting as Sila’s exclusive financial advisor, while Hogan Lovells US LLP is providing legal counsel to the company. For Blue Owl, Citigroup Global Markets Inc. is serving as lead financial advisor, with Truist Securities, Inc. also advising on financial matters and Newmark Group, Inc. acting as real estate advisor. Kirkland & Ellis LLP is serving as legal advisor to Blue Owl, and Dechert LLP is advising Citigroup Global Markets Inc. and Truist Securities, Inc. on legal aspects of the transaction.
