Sila Realty Trust, Inc. Completes Acquisition of $85.5 Million Healthcare Portfolio in Arizona and Texas

Sila Realty Trust, Inc. Completes Acquisition of $85.5 Million Healthcare Portfolio in Arizona and Texas

Sila Realty Trust, Inc. (the “Company”), a net lease real estate investment trust focused on investing in high-quality healthcare properties across the continuum of care, today announced the acquisition of five Class A healthcare facilities located in Arizona and Texas (the “Portfolio”), for a contract purchase price of $85.5 million.

The Portfolio Overview
The Portfolio consists of four built-to-suit micro-hospitals and one freestanding emergency department, totaling approximately 158,000 square feet across a combined 17.5 acres. Each micro-hospital is licensed for 8 inpatient beds and features a 13-bed emergency department, operating room, laboratory, diagnostic imaging suite, and a pharmacy. Similarly, the freestanding emergency department encompasses a 13-bed full-service emergency center, designed to offer identical services to the micro-hospitals.

Tenet Healthcare Corporation Partnership
The Portfolio is fully leased by Tenet Healthcare Corporation (“Tenet”), one of the nation’s largest healthcare systems, boasting over 15,000 licensed beds. Tenet designed and developed these facilities between 2019 and 2021. Each property operates under the local affiliated hospital brand of Tenet. The strategic locations of these facilities were chosen based on strong population density, demographics, and positive growth characteristics.

Insights from Company Leadership
Michael A. Seton, President and Chief Executive Officer of Sila Realty Trust, commented, “We are pleased to announce the closing of this portfolio of properties which are emblematic of the healthcare facilities that Sila Realty Trust is focused on acquiring – high quality, well located, strong credit tenancy with healthcare system affiliations. This acquisition demonstrates our ability to source property and invest capital in what we believe to be an accretive manner to the Company while others remain on the sidelines.”

About Sila Realty Trust, Inc.
Sila Realty Trust, Inc. is a net lease real estate investment trust headquartered in Tampa, Florida, with a strategic focus on investing in the significant, growing, and resilient healthcare sector of the U.S. economy. The Company invests in high-quality healthcare facilities along the continuum of care, which generate predictable, durable, and growing income streams. As of December 31, 2023, the Company owned 131 real estate properties and two undeveloped land parcels located in 62 markets across the U.S.

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