The New York City-based asset manager Blue Owl Capital Inc. (NYSE: OWL) announced that affiliates of Blue Owl Real Estate Capital LLC will acquire all outstanding shares of common stock of Sila Realty Trust Inc. (NYSE: SILA) for $30.38 per share in an all-cash transaction valued at approximately $2.4 billion.
Tampa-headquartered Sila is a net lease real estate investment trust focused on investing in the growing and resilient healthcare sector. The company owns 137 real estate properties and three undeveloped land parcels in 65 markets.
Following the conclusion of the transaction, Sila will become a private company and cease trading on the New York Stock Exchange.
“I am extremely proud of the company that we have built at Sila Realty Trust,” stated Michael A. Seton, the company’s president and CEO. “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.”
“We are extremely excited to acquire one of the best‑in‑class healthcare net lease portfolios in the market,” said Marc Zahr, co-president and global head of real assets at Blue Owl. “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.”
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