Sila Realty Trust, Inc. and Blue Owl Capital Inc. said Monday that certain affiliates of Blue Owl Real Estate Capital LLC will acquire all outstanding shares of Sila’s common stock for $30.38 per share in an all-cash transaction valued at approximately $2.4 billion. Based in Tampa, Sila owns 137 net-leased healthcare properties and three undeveloped land parcels, located in 65 markets nationwide.

“I am extremely proud of the company that we have built at Sila Realty Trust,” said Michael A. Seton, president and CEO of Tampa-based Sila. “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.”

At New York City-based Blue Owl, Marc Zahr, co-president and global head of real assets, said, “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.”

The transaction, which was unanimously approved by Sila’s board, is expected to close in the second or third quarter of 2026. Upon completion, Sila will no longer trade on the New York Stock Exchange.

BofA Securities is serving as Sila’s exclusive financial advisor. Hogan Lovells US LLP is serving as the Company’s legal counsel.

Citigroup Global Markets Inc. is acting as lead financial advisor to Blue Owl with Truist Securities, Inc. also acting as financial advisor and Newmark Group, Inc. serving as real estate advisor. Kirkland & Ellis LLP is serving as legal advisor to Blue Owl. Dechert LLP is serving as legal advisor to Citigroup Global Markets Inc. and Truist Securities, Inc.

Jamestown will acquire the Atlanta subsidiary of Cincinnati-based North American Properties (NAP). The Atlanta subsidiary, which has $2 billion in assets under management as of June 2024, is an owner/operator and real estate services provider of mixed-use properties in suburban, high-growth markets across the Eastern U.S.

As part of the transaction, a Jamestown affiliate will invest in several Atlanta area retail centers. These centers include Colony Square (Atlanta, Georgia), The Forum Peachtree Corners (Peachtree Corners, Georgia) and Avenue East Cobb (Marietta, Georgia). The deal also included a handful of out-of-state lifestyle centers.

Upon closing, the Atlanta-based operating platform and its assets will move forward under the Jamestown name—as will its more than 200 employees.

Established in 1996, the NAP subsidiary positioned itself as a boutique, full-service developer pursuing opportunistic returns. This allowed the subsidiary to assemble a portfolio of underutilized lifestyle destinations and maximize their potential through value-add, experiential redevelopment projects.