$2 billion Tampa REIT buys facilities in Texas and Arizona

By Louis Llovio
| 8:00 a.m. September 13, 2025
| 2 Free Articles Remaining!

Sila Realty Trust executives and board members ring the opening bell at the New York Stock Exchange on June 13, 2024.

Tampa Bay-Lakeland

Sila Realty Trust, the 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 said 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 A. 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 land parcels located 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.

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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.