Blue Owl Expands Real Estate with Sila Realty Acquisition – Merger Arbitrage Mondays

Sila Realty Trust, Inc. (SILA): $30.4

Market Cap: $1.68 B

Deal Value: $2.4 B

Sila Realty Trust, a healthcare-focused REIT, entered into a merger agreement on April 20, 2026, to be acquired by Blue Owl Capital (OWL) in a deal valued at $2.4 billion. It is absolutely fascinating to see Blue Owl strike this deal at a time when private credit is the fear du jour and the company’s stock has lost half its value over the last year.

Certain affiliates of Blue Owl Real Estate Capital will acquire all outstanding shares of common stock of the Tampa, Florida-based REIT for $30.38 per share in an all-cash transaction, representing a premium of 19% from the stock’s last close. The deal is expected to close in the second or third quarter of 2026. While waiting for the deal to close, Sila intends to pay up to two regular quarterly dividends.

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