Sila Realty Trust, Inc. Completes $28.25 Million Acquisition of Fort Smith Inpatient Rehabilitation Facility

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

Certain statements contained herein, other than historical fact, may 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, and are intended to be covered by the safe harbor provided by the same. 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 to, nor shall it, serve as a guarantee of future performance. You can identify the forward-looking statements by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will” and other similar terms and phrases. 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 since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and could materially affect the Company's results of operations, financial condition, cash flows, performance or future achievements or events. Additional factors include those described under the section entitled Item 1A. "Risk Factors" of Part I of the Company's 2023 Annual Report on Form 10-K with the SEC, copies of which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240729464814/en/