Sila Realty Trust privatized by Blue Owl affiliate for $2.4 billion

Glonghui, April 21 | Real estate investment trust Sila Realty Trust has agreed to be acquired and privatized by certain affiliates of the real estate division of Blue Owl Capital in an all-cash transaction valued at approximately $2.4 billion. Sila shareholders will receive $30.38 per share, which is a 19% premium over the stock’s closing price last Friday. The deal is subject to approval by Sila shareholders and is expected to be completed in the second or third quarter of this year. Upon completion, the company will be delisted from the New York Stock Exchange. Reportedly, Sila focuses on investing in healthcare facilities, and as of the end of March, its portfolio included 137 real estate properties and 3 plots of undeveloped land.