Sila Realty Trust, Inc. (NYSE:SILA) (the "Company", "we", or "our"), a net lease real estate investment trust ("REIT") with a strategic focus on investing in the growing and resilient healthcare sector, today announced the $70.3 million acquisition of two inpatient rehabilitation facilities ("IRFs") located in Plano, Texas (the "Plano Facility"), and Peoria, Arizona (the "Peoria Facility", and together with the Plano Facility, the "Properties" or "Reunion Healthcare Facilities").
The Properties are comprised of over 100,000 aggregate square feet of newly built and highly utilized inpatient rehabilitation facilities located within two of the top ten largest and fastest growing metropolitan statistical areas in the United States. Both the Plano Facility and the Peoria Facility demonstrate robust demand through high census data, offering comprehensive inpatient care with 48 and 40 licensed beds at each facility, respectively. The Reunion Healthcare Facilities are leased to Reunion Rehabilitation Hospitals ("Reunion"), in partnership with Nobis Rehabilitation Partners ("Nobis"), who serves as the exclusive manager and operator for the Reunion branded facilities. Both of the Reunion Healthcare Facilities were constructed and opened in 2023, and through strategic positioning, benefit from the proximity to several prominent acute care hospitals that serve as the primary referral sources.
"The Reunion Healthcare Facilities were thoughtfully constructed to put the patient first through the state-of-the-art designs that offer light-filled, open areas for patient rehabilitation and communal engagement," stated Michael A. Seton, President and Chief Executive Officer of the Company. "The patient-centric focus and strategic partnership with Nobis have proven to be a combination which has resulted in high census and outstanding results at the Properties. We are pleased to add the Reunion Healthcare Facilities to our portfolio, as we believe these assets, with long lease terms of over 20 years and best-in-class management, will provide long-term value to our shareholders."
About Reunion Rehabilitation Hospitals & Nobis Rehabilitation Partners
Reunion is primarily engaged in the development and operational ownership of inpatient rehabilitation facilities under the Reunion Rehabilitation Hospital brand. Currently, Reunion owns seven IRFs across Arizona, Colorado, Florida and Texas. Each facility is staffed with a team of rehabilitation physicians, physical, occupational and speech therapists, specialized rehabilitation nurses and administrators that create individualized treatment plans for each patient to accelerate recovery and restore patient confidence. To ensure effective and consistent clinical and operational performance across its portfolio, Reunion has established a strategic partnership with Nobis.
Nobis serves as the exclusive management and operating partner for Reunion, overseeing day-to-day operations including staffing, clinical care delivery, regulatory compliance, revenue cycle management and overall hospital administration. Nobis was founded in 2018 and today manages a total of 18 IRFs nationwide.
About Sila Realty Trust, Inc.
Sila Realty Trust, Inc., headquartered in Tampa, Florida, is a net lease real estate investment trust with a strategic focus on investing in the growing and resilient healthcare sector. The Company invests in high quality healthcare facilities along the continuum of care in the pursuit of generating predictable, durable, and growing income streams. Sila's portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients. As of June 30, 2025, the Company owned 136 real estate properties, and three land parcels, located in 67 markets across the United States. For more information, please visit the Company's website at www.silarealtytrust.com.
Forward-Looking Statements
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Investor Contact:
Miles Callahan, Senior Vice President of Capital Markets and Investor Relations
833-404-4107
IR@silarealtytrust.com
