Acquiring Portfolio of 34 Bank Branches from Investment Grade Counterparty
NEW YORK, September 17, 2026 — Blue Owl Capital Inc. (NYSE: OWL) (“Blue Owl”), a leading alternative asset manager, today announced that funds managed by its Real Assets platform have completed the acquisition of 34 bank branch properties owned by Trustmark Corporation (“Trustmark”).
The transaction expands Blue Owl Real Assets’ portfolio of net lease properties with a diversified collection of bank branches across Mississippi, Florida, Tennessee, Alabama, and Texas. Concurrent with the acquisition, Trustmark entered into long-term, triple net leases for all 34 properties, providing Blue Owl with contractual rental income backed by an established financial institution.
This transaction builds on Blue Owl's deep expertise executing bank branch sale-leasebacks with quality counterparties. Trustmark carries an investment grade credit rating of BBB+ from S&P and benefits from a stable deposit base, consistent core profitability, and sound asset quality.
“Banks today are looking at their balance sheets through a much more strategic lens, and transactions like this demonstrate how institutions can unlock value from their real estate while simultaneously optimizing other parts of the balance sheet,” said Marc Zahr, Co-President of Blue Owl and Global Head of Real Assets. “We believe that combination can be particularly compelling for banks evaluating how to put capital to work more efficiently in today’s rate environment.”
"One of Trustmark's primary goals, always, is to maximize the efficiency of our capital. Working with Blue Owl has allowed us to transform static brick-and-mortar equity into dynamic balance sheet strength," commented Duane Dewey, Trustmark's Chief Executive Officer. "By strategically matching the capital gains from these properties against our portfolio restructuring, we have strengthened our net interest margin and better positioned the company's balance sheet for the future, all with no disruption to our localized customer experience."
Each lease has an initial term of 15 years, with three consecutive five-year renewal options.
About Trustmark
Trustmark Corporation is a financial services company providing banking and financial solutions through offices in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Visit trustmark.com for more information.
Blue Owl Investor Contact
Ann Dai
Head of Investor Relations
blueowlir@blueowl.com
Media Contact
Andrew Williams
Head of Communications
media@blueowl.com
Forward-Looking Statements
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date made. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law.
These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blue Owl's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of strategic acquisitions; costs related to acquisitions; the inability to maintain the listing of Blue Owl's shares on the New York Stock Exchange; Blue Owl's ability to manage growth; Blue Owl's ability to execute its business plan and meet its projections; potential litigation involving Blue Owl; changes in applicable laws or regulations; and the possibility that Blue Owl may be adversely affected by other economic, business, geo-political and competitive factors.