Press Release Details

Sila Realty Trust, Inc. Completes Acquisition of Oklahoma Medical Office Building for $19.4 Million

March 24, 2022

TAMPA, Fla.--(BUSINESS WIRE)-- Sila Realty Trust, Inc. (the "Company”), a public, non-traded real estate investment trust focused on healthcare properties, today announced the acquisition of a medical office building located in a rising submarket just outside of Oklahoma City, Oklahoma for a contract purchase price of $19.4 million, excluding acquisition costs.

The newly constructed facility features a modern construction styling typical of newly built class A medical office buildings and is 100% master leased on a long-term lease to a well-established primary care group in the state of Oklahoma.

Michael A. Seton, Chief Executive Officer and President of the Company, commented, “We are pleased to announce the closing of our newest medical office building as it complements our portfolio and aligns well with our strategy of acquiring healthcare facilities along the continuum of care with an emphasis on lower cost patient settings. We remain focused on adding additional value to our stockholders as we continue to seek accretive opportunities in the market while delivering on our commitments to investors.”

About Sila Realty Trust, Inc.

Sila Realty Trust, Inc. is a public, non-traded real estate investment trust headquartered in Tampa, Florida, that invests in high-quality healthcare properties leased to tenants capitalizing on critical and structural economic growth drivers. The Company is focused on investing in and managing strategic healthcare assets across the continuum of care, with emphasis on lower cost patient settings, which generate predictable, durable and growing income streams. As of September 30, 2021, the company owned 125 real estate properties located in 56 markets across the United States.

Forward-Looking Statements

Certain statements contained herein, other than historical fact, may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provided by the same. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties. No forward-looking statement is intended to, nor shall it, serve as a guarantee of future performance. You can identify the forward-looking statements by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will” and other similar terms and phrases, including references to the Company’s strategies and accretive growth opportunities. Forward-looking statements are subject to various risks and uncertainties and factors that could cause actual results to differ materially from the Company's expectations, and you should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and could materially affect the Company's results of operations, financial condition, cash flows, performance or future achievements or events. Additional factors include the risk that the expected benefits for the Company’s pure-play healthcare REIT strategy are not achieved, the ongoing costs to operate the Company on an internalized basis which, if higher than anticipated, could reduce the potential cost savings sought in the internalization transaction, and other factors, including those described under the section entitled Item 1A. "Risk Factors" of Part I of the Company's 2020 Annual Report on Form 10-K with the SEC, copies of which are available at The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

Miles Callahan, Vice President of Capital Markets and Investor Relations

Source: Sila Realty Trust, Inc.