Blue Owl to Buy Sila Realty Trust for $2.4 Billion, Offering $30.38 Per Share

**TL;DR** Blue Owl Real Estate Capital affiliates will acquire Sila Realty Trust for $2.4 billion in an all‑cash deal, paying $30.38 per share. The transaction values Sila at a 19 % premium to its April 17 close and is expected to close Q2‑Q3 2026.

Sila Realty Trust, ticker SILA, is a healthcare‑focused REIT that owned 137 properties across 65 U.S. markets as of March 31 2026. The company specializes in net‑lease assets such as medical offices, senior housing and hospitals, generating steady rental income under long‑term triple‑net contracts.

Under the agreement, Sila shareholders will receive $30.38 per share, a 19 % premium to the April 17 closing price of $25.53 and a 25.6 % premium to the 30‑day volume‑weighted average price. The all‑cash valuation of roughly $2.4 billion implies a pre‑deal market capitalization of about $2.0 billion for SILA. Following the announcement, SILA shares rose roughly 19 % in premarket trading, while Blue Owl Capital (ticker OWL) traded little changed.

The deal gives Blue Owl Real Estate Capital affiliates control of a scaled healthcare net‑lease portfolio with durable cash flows, expanding its exposure to a sector viewed as resilient. For Sila investors, the transaction delivers an immediate realized return and eliminates future market‑price volatility. The merger must still win shareholder approval and satisfy customary closing conditions before the expected Q2‑Q3 2026 completion.

Investors will watch the shareholder vote scheduled for later this year, any regulatory filings, and how Blue Owl integrates the assets into its existing real‑estate platform while monitoring the broader healthcare REIT market for further consolidation activity.