Tampa REIT buys suburban Indianapolis medical building for $39 million

Tampa-based Sila Realty Trust has bought an Indiana inpatient rehabilitation facility for $39 million.

The two-story facility is in Brownsburg, a city just northwest of Indianapolis. The seller was the Alabama medical developer Capital Growth Medvest, which opened it in May.

Sila, in a statement announcing the purchase, says the 40-bed, 56,000-square-foot inpatient center sits on 12.2 acres. It is fully leased to Community Health Network Rehabilitation Hospital West, a joint venture between Community Health Network and Lifepoint Rehabilitation, a business unit of Lifepoint Health.