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REIT acquires rehab facilities in Texas, Arizona 

Sila Realty Trust, a Tampa health care REIT, has bought a pair of inpatient rehabilitation facilities. The hospitals are in Plano, Texas, and Peoria, Arizona. It paid $70.3 million for the two. The company in a statement and in a U.S. Securities & Exchange Commission filing did not disclose the size of the two centers nor the individual sale prices but says combined “they are over 100,000 aggregate square feet of newly built and highly utilized” inpatient rehabilitation space. The Plano facility has 48 beds and the Peoria facility 40. They were both built in 2023 and leased to Reunion Rehabilitation Hospitals in partnership with Nobis Rehabilitation Partners. Michael Seton, Sila’s president and CEO, says in the statement that the facilities have long-term leases of over 20 years. Sila is a “pure play” net lease health care REIT with 136 real estate properties and three undeveloped parcels in 67 markets across the U.S. According to its second quarter earnings report released in August, it has $2.01 billion in total assets.