Sila Realty Trust and affiliates of Blue Owl Capital announced a definitive merger agreement under which Blue Owl Real Estate Capital affiliates will acquire all outstanding shares of Sila in an all-cash transaction valued at approximately $2.4 billion.
Under the terms of the agreement, Sila shareholders will receive $30.38 per share, representing a 19.0 percent premium to the company’s closing price of $25.53 on April 17, 2026, and a 25.6 percent premium to its 30-day volume-weighted average price.
The transaction has been unanimously approved by Sila’s Board of Directors and is expected to close in the second or third quarter of 2026, subject to shareholder approval and customary closing conditions. Upon completion, Sila will become a private company and its shares will no longer trade on the New York Stock Exchange. Sila intends to continue paying up to two regular quarterly dividends prior to closing, as permitted under the merger agreement.
As a result of the transaction announcement, Sila will not host a conference call for its first quarter 2026 results but plans to file its Form 10-Q within applicable SEC deadlines.
BofA Securities is serving as exclusive financial advisor to Sila, with Hogan Lovells US LLP as legal counsel. Citigroup Global Markets Inc. is acting as lead financial advisor to Blue Owl, alongside Truist Securities, Inc., with Newmark Group, Inc. serving as real estate advisor. Kirkland & Ellis LLP is acting as legal advisor to Blue Owl, and Dechert LLP is advising Citigroup Global Markets Inc. and Truist Securities, Inc.
Headquartered in Tampa, Florida, Sila Realty Trust focuses on investing in healthcare real estate across the continuum of care. As of March 31, 2026, the company owned 137 properties and three undeveloped land parcels across 65 U.S. markets.
KEY QUOTES:
“I am extremely proud of the company that we have built at Sila Realty Trust. 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. I am grateful for the unwavering support of my colleagues and their collective commitment to putting our shareholders first.”
Michael A. Seton, President and Chief Executive Officer, Sila Realty Trust
“We are extremely excited to acquire one of the best-in-class healthcare net lease portfolios in the market. 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.”
Marc Zahr, Co-President And Global Head Of Real Assets, Blue Owl Capital
