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1001 Water Street

Blue Owl Capital Secures $2.4 Billion Loan For Office Acquisition In Tampa FL
FINANCEDOffice

Blue Owl Capital Secures $2.4 Billion Loan For Office Acquisition In Tampa FL

1001 Water Street

$2,400,000,000

Building Size

Asset Type

Office

Closing

Jul 1, 2026

AI

The transaction involves an office asset located at 1001 Water Street in Tampa, FL, with a loan amount of $2,400,000,000 for acquisition purposes.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,400,000,000
  • Lender: Sila Realty Trust - Michael Seton
  • Landlord: Blue Owl Capital - Doug Ostrover & Marc Lipschultz
  • Landlord's Representative: Jordan Roeschlaub, Andrew Warin, Douglas Harmon, John Nero, Justin Shepherd & Gabe Finger - Newmark

This deal showcases the involvement of significant individuals such as Michael Seton, who represents the lender, and Doug Ostrover along with Marc Lipschultz, who represent the landlord. The transaction is supported by a robust team from Newmark, including Jordan Roeschlaub, Andrew Warin, Douglas Harmon, John Nero, Justin Shepherd, and Gabe Finger, demonstrating a collaborative effort in handling this substantial acquisition loan.

Players

SI
Sila Realty Trust Inc.Lender

Marc Lipschultz

Landlord

$10.7B

vol

6 deals

Landlord

Tampa Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.01%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93