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Tampa REIT secures $250 million loan

By Louis Llovio
| 12:45 p.m. March 21, 2024
| 0 Free Articles Remaining!

UTMB Health Clear Lake Hospital was sold by Sila for $258.4 million.

Tampa Bay-Lakeland

Sila Realty Trust, a Tampa REIT with a majority of its holdings in the medical field, has closed on a $250 million loan to replace an existing loan coming due in December.

In a note to investors, the company says the new loan is for three years and includes two 12-month extension options. The previous loan was fully paid off.

Sila is based in Water Street Tampa and owns more than 132 properties and two undeveloped parcels in 58 U.S. markets.

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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.