Sila Realty Trust, Inc. Completes Acquisition of Clive Healthcare Facilities Portfolio for $47.0 Million

TAMPA, Florida – (BUSINESS WIRE) – Sila Realty Trust, Inc. (the “Company”), a public, unlisted real estate fund focused on healthcare real estate, today announced the acquisition of the Clive Healthcare Facilities Portfolio (the “Portfolio”) for a purchase price of 47, $ 0 million at no cost.

The portfolio consists of three fully rented medical office buildings with a total rental area of ​​132,617 square meters and two lots with a total area of ​​1.52 acres. The portfolio is located on the Mercy Wellness Campus, across from MercyOne West Des Moines Medical Center with 82 beds and UnityPoint Health – Methodist West Hospital with 95 beds. In November 2018, the company acquired a 58,156-square-foot medical office building adjacent to the portfolio on the same campus for $ 23.5 million. With this acquisition, the company now owns and controls the entire practice campus.

The portfolio’s two single-tenant and one multi-tenant office buildings are being operated by Catholic Health Initiatives – Iowa Corp. The patient services provided by the tenants in the portfolio include diagnosis and treatment of cancer, sleep disorders, physical therapy and rehabilitation, and preventive health and wellness services.

The portfolio is located in Clive, IA, approximately 10 miles west of downtown Des Moines and is part of the five counties of Des Moines-West Des Moines Metropolitan Statistical Area. The portfolio benefits from the proximity to several medical centers and convenient drive-through for patients and doctors.

Michael A. Seton, the company’s chief executive officer and president, commented, “The Clive Healthcare Facilities portfolio consists of institutional grade medical office buildings that have the attributes and local marketplaces that illustrate our strategy of acquiring healthcare facilities across the care continuum with an emphasis on lower cost patient environments. ”

About Sila Realty Trust, Inc.

Sila Realty Trust, Inc. is a public, privately held real estate fund headquartered in Tampa, Florida that invests in high quality healthcare properties that are rented to tenants who benefit from critical and structural economic growth drivers. The company is focused on investing in and managing strategic healthcare assets across the continuum of care, with an emphasis on lower-cost patient environments that generate predictable, lasting and growing streams of income. As of September 30, 2021, the company owned 125 properties in 56 markets in the United States.

Forward-Looking Statements

Certain statements contained herein, other than historical facts, may and should be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended covered by the safe harbor it provides. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties. No forward-looking statement is intended or intended to be a guarantee of future performance. You can restrain the forward-looking statements by using words such as “anticipate”, “believe”, “continue”, “may”, “estimate”, “expect”, “intend”, “may”, “look out”, “plan” , “Potential,” “Predict,” “Project,” “Search,” “Should,” “Will,” and other similar terms and expressions, including references to assumptions and projections of future results, strategic acquisitions and growth opportunities, and future distributions. Forward-looking statements are subject to various risks and uncertainties and factors that could cause actual results to differ materially from the company’s expectations, and you should not rely on forward-looking statements because they involve known and unknown risks, uncertainties and other factors. in some cases, these are beyond the control of the company and could materially affect the company’s results of operations, financial condition, cash flows, performance, or future successes or events. Other factors include the risk that the expected benefits for the company’s health-only REIT strategy will not be achieved, the ongoing costs of operating the company on an internalized basis, which, if higher than expected, would be the internalization aimed at Potential cost savings could reduce transaction and other factors, including those described in the section headed Item 1A. “Risk Factors” of Part I of the Company’s 2020 Annual Report on Form 10-K with the SEC, copies of which are available at The company undertakes no obligation to publicly update or revise any forward-looking statements as a result of new information, future events or for any other reason, except as required by law.

Leave a Comment

Your email address will not be published. Required fields are marked *