New York-headquartered Blue Owl Capital Inc. is set to acquire Sila Realty Trust, Inc., a real estate investment trust (REIT) focused on health-care properties, in a US$2.4-billion cash deal, the companies announced on Monday.
As part of the deal, affiliate Blue Owl Real Estate Capital LLC, will acquire all outstanding shares of common stock of the Tampa, Fla.-based REIT for US$30.38 per share in an all-cash transaction.
That purchase price is 19% higher than Sila’s closing stock price on April 17, the last trading day before the announcement, and 25.6% higher than its 30-trading day volume-weighted average price, a release said.
Sila owns 137 health-care properties in the U.S., as of Dec. 31, 2025.
Acquiring the REIT will allow Blue Owl to expand its real estate and net lease platform, which currently manages more than 6,025 properties. Its real estate division accounts for about a quarter of its total assets under management.
The deal is expected to close in the second or third quarter of 2026, pending shareholder approval and other conditions. Once it’s finalized, Sila will stop trading on the New York Stock Exchange and become a private company owned by Blue Owl affiliates.
Sila’s stock surged in value on Monday following the announcement.
Blue Owl’s stock, meanwhile, has shed a significant portion of its value this year due to investor concerns about valuations, liquidity and software-sector exposure in the private credit market, in which the company is one of the largest alternative asset managers.