Health care double down

Sila Realty Trust’s plan to shed its portfolio of data centers will further focus the Tampa company and better position it for its future goal.

  • By Kevin McQuaid
  • | 12:00 p.m. June 3, 2021
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Tampa's Sila Realty Trust is set to sell its 29-property data center portfolio next quarter for $1.32 billion.
COURTESY PHOTO — Tampa's Sila Realty Trust is set to sell its 29-property data center portfolio next quarter for $1.32 billion.
  • Commercial Real Estate
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In selling its entire portfolio of 29 data center properties to a Singapore-based investment firm, Sila Realty Trust Inc. expects to better sharpen its focus on the health care assets for which it is better known.

The move by the Tampa-based company also could better position Sila Realty for an eventual sale, merger or public listing on a stock exchange — a long-term goal management has stated is a desired endgame.

 

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