Tampa REIT secures $600 million line of credit

Sila Realty Trust, a Tampa-based REIT specializing in health care, has secured a $600 million line of credit that it may be able to increase to $1.5 billion.

The Real Estate Investment Trust announced the financing in a U.S. Securities and Exchange Commission filing Wednesday morning.

According to the filing and a follow up statement, the term for the revolving credit agreement is for four years and gives the company two six-month extension options. It replaces a $500 million line of credit set to expire February 2026.