On January 29, 2026, a deed transferring 172 acres and a 1.3-million-square-foot vacant warehouse at 50 Rausch Creek Road, Tremont Township, Pennsylvania took effect. The grantor was BIGTRPA001 LLC, a Delaware subsidiary of Blue Owl Real Estate Net Lease Property Fund. The grantee was the United States of America, acting through the Department of Homeland Security under the Navy's WEXMAC 2.2 TITUS procurement vehicle. Purchase price: $119,515,000 — exactly double Schuylkill County's certified full-market-value assessment of $59,600,000, which had been published ten weeks earlier as part of the county's first comprehensive reassessment since 1996.
Under the 100% predetermined ratio Schuylkill County commissioners adopted by ordinance in May 2025, the $59.6M assessment represents 100% of fair market value as of January 1, 2025 — not a fraction. The DHS purchase price was twice market value. The warehouse had been vacant since December 2024, when Big Lots closed the facility following its September 2024 bankruptcy. ICE has told local press it projects 7,500 beds for the site, which would make Tremont one of the three largest immigration detention facilities in the country.
Thirty-three Trump administration officials held Blue Owl stock, fund positions, or carry interests at the time of the transaction, including President Trump, Secretary of the Navy John Phelan (whose department administers WEXMAC-TITUS), Assistant Secretary of the Navy for Energy, Installations, and Environment Brendan Rogers (sworn in December 23, 2025, five weeks before the deed took effect, still holding OWL directly), and Comptroller of the Currency Jonathan Gould (holding the same Blue Owl Net Lease Property fund vehicle that executed the sale). This is the largest single transaction in the WEXMAC-TITUS program to date, and the only one documented to have occurred while the seller was simultaneously under federal securities fraud litigation (Goldman v. Blue Owl Capital Inc., 25-cv-10047) alleging concealment of a liquidity crisis. The buyer rescued the seller at double market value; the beneficiaries included administration officials across thirteen agencies.