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Tampa real estate trust seeks more Wall Street respectability


  • By Louis Llovio
  • | 12:15 p.m. April 8, 2024
  • | 0 Free Articles Remaining!
Sila Realty Trust has bought the recently completed rehabilitation facility in Brownsburg, Indiana, from its developer.
Sila Realty Trust has bought the recently completed rehabilitation facility in Brownsburg, Indiana, from its developer.
Image via Medvest.com
  • Tampa Bay-Lakeland
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Sila Realty Trust announced Monday that it is working to get listed on the New York Stock Exchange.

The Tampa REIT, which specializes in the health care sector, says in a statement that its board of directors approved a move to pursue joining one of the world’s preeminent exchanges later this year.

Michael A. Seton, Sila’s president and CEO, says in the statement that joining the NYSE gives shareholders liquidity options and the company access to public equity markets both of which will “consequently enhance value.”

 


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author

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.

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