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.
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