Marc Zahr & Marc Lipschultz Of Blue Owl Real Estate Capital Acquire 34 Trustmark Bank Branches For $91.7M
$91,700,000
Building Size
—
Asset Type
Retail
Closing
Sep 10, 2026
About this deal
AI
Trustmark Bank sold 34 branch properties located across Mississippi, Florida, Tennessee, Alabama, and Texas to Blue Owl Real Estate Capital. The transaction was structured as a sale-leaseback deal valued at $91.7 million, with Trustmark Bank agreeing to lease the properties back for an initial 15-year term at an annual rental rate of $6.4 million. The lease includes provisions for annual increases of 1.5% and options for three five-year renewals.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $91,700,000
- Buyer: Marc Zahr & Marc Lipschultz - Blue Owl Real Estate Capital
- Seller: Gerard Host - Trustmark Bank
Marc Zahr and Marc Lipschultz represented Blue Owl Real Estate Capital in the transaction, while Gerard Host represented Trustmark Bank. The deal reflects Trustmark Bank's strategy to optimize its asset portfolio through the sale and subsequent leaseback of its branch properties, maintaining operational control while freeing up capital.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93