TAMPA, Fla.--(BUSINESS WIRE)--Sila Realty Trust, Inc. (NYSE: SILA) (the “Company” or “we”), a net lease real estate investment trust (“REIT”) with a strategic focus on investing in the significant, growing, and resilient healthcare sector, today announced the $28.25 million acquisition of an inpatient rehabilitation facility located in Fort Smith, Arkansas (the “Fort Smith Healthcare Facility”).
The Fort Smith Healthcare Facility is a 50-bed, inpatient rehabilitation facility offering intense rehabilitation tailored to the individual needs of those recovering from stroke, brain injury, neurological conditions, trauma, spinal cord injury, amputation, and orthopedic injury. The approximately 62,500 square foot facility was built in 2021 and is fully leased to Mercy Rehabilitation Hospital, a joint venture between Mercy Hospital Fort Smith and Lifepoint Health.
“The Fort Smith Healthcare Facility’s operations combine the leading healthcare system in Fort Smith with a more than 100-year history and one of the nation’s leading inpatient rehabilitation facility operators,” stated Michael A. Seton, President and Chief Executive Officer of the Company. “We believe this state-of-the-art facility, which has demonstrated strong and dominant performance in the market, exemplifies our strategy of acquiring institutional quality healthcare facilities operated by strong and proven tenants. The acquisition of eight Class A healthcare properties in 2024, for an aggregate purchase price of approximately $164 million, supports our strategic objectives of delivering long-term growth, success and value creation to our investors and partners.”
About Mercy Hospital Fort Smith and Lifepoint Health
The 336-bed Mercy Hospital Fort Smith, an affiliate of Mercy Health of Missouri (“Mercy”), is located approximately 4.5 miles northwest of the Fort Smith Healthcare Facility. Mercy is a large integrated healthcare system headquartered in St. Louis, Missouri, with over 5,000 staffed beds throughout 30 acute care and critical access hospitals and 15 specialty care hospitals. The system spans across Missouri, Oklahoma, Arkansas and Kansas, with more than 2,400 physicians providing services in more than 800 physician practices and outpatient facilities. Lifepoint Health, headquartered in Brentwood, Tennessee, is a leading national healthcare provider with 60 community hospital campuses, more than 60 rehabilitation and behavioral health facilities, and more than 250 additional sites of service across 31 states.
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, we believe, generate predictable, durable, and growing income streams. Our portfolio comprises high-quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients. As of July 29, 2024, the Company owned 138 real estate properties and two undeveloped land parcels located in 65 markets across the U.S. For more information, please visit the Company’s website at www.silarealtytrust.com.
Forward-Looking Statements
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