TAMPA, Florida – (COMMERCIAL THREAD) – Sila Realty Trust, Inc. (the “Company”), an unlisted public real estate investment trust focused on healthcare properties, today announced the acquisition of the Clive Healthcare Facilities portfolio (the “Portfolio” ) for a purchase price contract of $ 47.0 million, excluding acquisition costs.
The portfolio consists of three fully leased medical office buildings totaling 132,617 rentable square feet and two plots of land totaling 1.52 acres. The portfolio is located on the Mercy Wellness Campus, across from the 82-bed MercyOne West Des Moines Medical Center and the 95-bed UnityPoint Health – Methodist West Hospital. In November 2018, the Company acquired a leasable 58,156 square foot medical office building located adjacent to the portfolio on the same campus for $ 23.5 million. With this acquisition, the Company now owns and controls the entire medical campus.
The Portfolio’s two single-tenant and multi-tenant medical office buildings are anchored by Catholic Health Initiatives – Iowa Corp., doing business as MercyOne, a subsidiary of CommonSpirit Health. Patient services provided by portfolio tenants include the diagnosis and treatment of cancer, sleep disorders, physiotherapy and rehabilitation, as well as 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 Des Moines-West Metropolitan Statistical Area of Des Moines, which has five counties. The portfolio benefits from the proximity of several medical centers and convenient access for patients and doctors.
Michael A. Seton, CEO and President of the Company, said: “The Clive healthcare facility portfolio is comprised of institutional grade medical office buildings that exhibit the attributes and local market affiliations that exemplify our strategy of acquiring healthcare facilities across the continuum of care, including focusing on lower cost patient environments.
About Sila Realty Trust, Inc.
Sila Realty Trust, Inc. is a public, unlisted real estate investment trust headquartered in Tampa, Florida that invests in high-quality healthcare properties leased to tenants by capitalizing on drivers of economic growth. essential and structural. The Company is focused on investing and managing strategic healthcare assets across the continuum of care, with a focus on lower cost patient environments that generate predictable, sustainable revenue streams. and croissants. As of September 30, 2021, the company owned 125 real estate properties located in 56 markets across the United States.
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