Sila Realty Trust completes $1.32 billion sale

Disposition of data center portfolio represents the next step in the Tampa REIT’s plan for “liquidity event” for shareholders.

  • By Kevin McQuaid
  • | 12:00 p.m. August 5, 2021
COURTESY PHOTO -- Sila Realty Trust has sold its 29 data centers, including this one in Norwalk, Connecticut, for $1.32 billion, part of an effort to become a "pure play" healthcare property owner.
COURTESY PHOTO -- Sila Realty Trust has sold its 29 data centers, including this one in Norwalk, Connecticut, for $1.32 billion, part of an effort to become a "pure play" healthcare property owner.
  • Commercial Real Estate
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Sila Realty Trust Inc. late last month completed the sale of its 29-property data center portfolio to a Singapore-based firm, a move that allowed the Tampa-based real estate investment trust to pay down debt and reward its shareholders.

 

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