Blue Owl Capital’s real assets arm has agreed to acquire healthcare-focused REIT Sila Realty Trust in an all-cash transaction valued at approximately $2.4bn, according to a report by Bloomberg citing statements from both companies on Monday.
Under the terms of the deal, Blue Owl will pay $30.38 per share for all outstanding stock of the Tampa-based REIT, representing a 19% premium to Sila’s closing price of $25.53 on 17 April, the last trading session before the announcement.
Sila Realty Trust owns a portfolio of 137 properties and three undeveloped land sites across 65 US markets, with a focus on healthcare real estate assets.
Following the announcement, Sila shares rose more than 19%, while Blue Owl’s stock was broadly flat in early trading, later edging up around 0.5%, tracking the wider US financials index.
The acquisition adds to the expansion of Blue Owl’s real assets platform, which accounts for roughly a quarter of the firm’s approximately $307 billion in assets under management. The segment also spans industrial real estate, data centres and credit strategies backed by property assets.
Growth in the division has been a key driver for the firm, expanding by about $17bn last year, supported in part by its 2024 transaction involving data centre developer IPI.
The deal comes against a challenging backdrop for Blue Owl, whose shares have fallen more than 30% year-to-date and now trade below their 2021 listing price. The firm was formed through the merger of Owl Rock and Dyal Capital Partners, previously part of Neuberger Berman.
