Blue Owl stretches beyond AI bets, acquires REIT for $2.4B
Blue Owl Capital has acquired Sila Realty Trust, a healthcare-focused REIT, for $2.4 billion. The deal expands Blue Owl's exposure to the healthcare real estate sector, which is seen as resilient and essential.
Blue Owl Capital has acquired Tampa-based Sila Realty Trust for $2.4 billion. The purchase includes 137 properties and three undeveloped parcels across over 60 US markets, mostly occupied by single tenants. Sila's portfolio spans 5.3 million square feet, concentrated in Texas and Florida, with 98% occupancy and an average lease term of 10 years. The deal is expected to close in the second or third quarter, after which Sila will be delisted from the NYSE. Blue Owl's acquisition comes as healthcare-focused REITs gain popularity due to their stable fundamentals. The move may help Blue Owl mitigate concerns surrounding its AI investments, which have faced turmoil.
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