Deal includes 137 properties totaling over 5.1 million s.f.; Newmark was the real estate advisor
By Murray W. Wolf
One of the properties in Sila Realty Trust’s portfolio is the newly renovated and expanded, 58-bed, 53,100 square foot Oklahoma City Rehabilitation Hospital. Sila acquired the facility from Cross Development for $43.1 million in January 2026. (Photo courtesy of Sila Realty Trust)
Tampa, Fla.-based Sila Realty Trust Inc. (NYSE: SILA) and affiliates of New York-based Blue Owl Capital (NYSE: OWL) announced Monday, April 20, that Sila has agreed to merge with an affiliate of Blue Owl in an all-cash transaction valued at about $2.4 billion. Under the plan, affiliates of Blue Owl Real Estate Capital LLC will acquire all outstanding shares of Sila common stock for $30.38 per share.
Founded in 2013, Sila is a net-lease real estate investment trust (REIT) that focuses on the healthcare sector. As of March 31, the company owned 137 buildings and three undeveloped land parcels in 65 markets across the United States. That included 87 medical outpatient buildings (MOBs), 25 inpatient rehabilitation facilities (IRFs), and 26 surgical and specialty centers. During the first quarter (Q1) of this year, according to RevistaMed data, Sila has sold two properties and bought one: the $43.1 million acquisition in January of the 58-bed, 53,100 square foot Oklahoma City Rehabilitation Hospital.
Blue Owl Capital was launched in May 2021 by former executives of Blackstone (NYSE: BX), the world’s largest alternative asset manager, as well as KKR (NYSE: KKR), Goldman Sachs (NYSE: GS), and other private equity and investment banking firms. With about $307 billion in total assets under management (AUM), Blue Owl specializes in private markets investing and has rapidly grown into one of the largest alternative asset managers.
The firm’s dedicated real estate investment arm, Blue Owl Real Estate Capital, was created through its 2021 acquisition of Chicago-based Oak Street Real Estate Capital LLC. Oak Street’s founder, Marc Zahr, is Blue Owl’s co-president and head of real estate.
As of Dec. 31, Blue Owl Real Estate owned more than 6,025 properties and had about $80.6 billion of AUM.
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