Sila Realty Trust Enters Merger Agreement with Blue Owl Capital at $30.38
Sila Realty Trust (SILA) and certain affiliates of Blue Owl Capital (OWL) announced that Sila has entered into a definitive merger agreement pursuant to which certain affiliates of Blue Owl Real Estate Capital will acquire all outstanding shares of common stock of Sila Realty Trust, Inc. for $30.38 per share in an all-cash transaction valued at approximately $2.4B. The purchase price represents a 19.0% premium to Sila's closing stock price of $25.53 on April 17, 2026, the last full trading day prior to the transaction announcement and a 25.6% premium to the 30-trading day volume-weighted average price. The transaction, which has been unanimously approved by Sila's Board of Directors, is expected to close in the second or third quarter of 2026, subject to approval by Sila's shareholders and other customary closing conditions. During the pendency of the transaction, Sila intends, and is permitted to under the merger agreement, to pay up to two regular quarterly dividends. Subject to and upon completion of the transaction, Sila will become a private company, and shares of Sila's common stock will be de-registered under the Securities Exchange Act of 1934, as amended, and will no longer trade on the New York Stock Exchange. As a result of the announcement, Sila does not expect to host a conference call and webcast to discuss its financial results for the quarter ended March 31, 2026. Sila intends to file a Form 10-Q for the quarter ended March 31, 2026 within applicable U.S. Securities and Exchange Commission deadlines.
