Blue Owl Acquires 34 Trustmark Bank Branches in Sale-Leaseback
New York – September 19, 2026 -- Blue Owl Capital Inc. (NYSE: OWL) has completed the acquisition of 34 bank branch properties from Trustmark Corporation, expanding its Real Assets net lease portfolio across five U.S. states.
Blue Owl adds 34 net lease properties spanning Mississippi, Florida, Tennessee, Alabama and Texas
The deal, executed through funds managed by Blue Owl's Real Assets platform, gives the alternative asset manager contractual rental income from an investment-grade counterparty. Trustmark carries a BBB+ credit rating from S&P and simultaneously entered into long-term, triple net leases for all 34 properties.
Leases run 15 years with three five-year renewal options
Each lease has an initial term of 15 years, with three consecutive five-year renewal options attached. The structure locks in rental income for Blue Owl while allowing Trustmark to retain uninterrupted operational use of the branches.