Blue Owl to Acquire Sila Realty Trust in $2.4B Deal

Affiliates of Blue Owl have entered an agreement to acquire Sila Realty Trust, a Florida-based REIT specializing in health-care real estate, for $2.4 billion, the companies announced on Monday. Following the merger, Sila will be taken private and removed from the New York Stock Exchange.

Blue Owl is acquiring the outstanding shares for $30.38 per share in the all-cash transaction. This represents a 19 percent premium to the stock price as of April 17. Sila’s board of directors unanimously approved the deal, which is set to close in the second or third quarter of 2026.

This transaction represents the latest major merger announcement this year, following a slow 2025. Earlier this month, Ares Management Corp. acquired Whitestone REIT for $1.7 billion.

Bank of America Securities is the financial advisor to Sila, while Hogan Lovells US LLP is the legal counsel. Blue Owl has tapped Citigroup Global Markets Inc. and Truist Securities as financial advisors, with Newmark serving as the real estate advisor on the deal. Kirkland & Ellis LLP is the company’s legal counsel.

As of December 2025, Blue Owl had more than $307 billion in assets under management. Last August, the company partnered with Chirisa Technology Parks and Machine Investment Group in a $4 billion joint venture to build the CoreWeave data center campus in Lancaster, Pa.

Sila Realty’s background

As of March, Sila Realty Trust owned 137 real estate properties across 65 U.S. markets totaling about 5.3 million square feet.

This is not the first time Sila has undergone a merger. Formerly known as Carter Validus Mission Critical REIT, the company focused on medical and data center real estate when it merged with Carter Validus Mission Critical REIT II to become Sila in 2019.

In 2021, Sila decided to focus on medical assets and sold off its data center portfolio to Mapletree. The portfolio sale included 29 properties spanning 3.3 million square feet for more than $1.3 billion.