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
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