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Tampa REIT buys suburban Indianapolis medical building for $39 million

Sila Realty Trust has bought the recently completed rehabilitation facility in Brownsburg, Indiana, from its developer.


  • By Louis Llovio
  • | 1:30 p.m. February 29, 2024
  • | 0 Free Articles Remaining!
Sila Realty Trust has bought the recently completed rehabilitation facility in Brownsburg, Indiana, from its developer.
Sila Realty Trust has bought the recently completed rehabilitation facility in Brownsburg, Indiana, from its developer.
Image via Medvest.com
  • Tampa Bay-Lakeland
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Tampa-based Sila Realty Trust has bought an Indiana inpatient rehabilitation facility for $39 million.

The two-story facility is in Brownsburg, a city just northwest of Indianapolis. The seller was the Alabama medical developer Capital Growth Medvest, which opened it in May.

Sila, in a statement announcing the purchase, says the 40-bed, 56,000-square-foot inpatient center sits on 12.2 acres. It is fully leased to Community Health Network Rehabilitation Hospital West, a joint venture between Community Health Network and Lifepoint Rehabilitation, a business unit of Lifepoint Health.

 


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author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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