TAMPA, Fla.--(BUSINESS WIRE)-- Sila Realty Trust, Inc. (NYSE: SILA) (the “Company” or “we”), a net lease real estate investment trust (“REIT”) with a strategic focus on investing in the growing and resilient healthcare sector, today announced the $35.12 million acquisition of an inpatient rehabilitation facility located in Knoxville, Tennessee (the “Knoxville Healthcare Facility”).

The Knoxville Healthcare Facility is a 57-bed, inpatient rehabilitation facility offering programs to provide care and therapy for neurological rehabilitation, stroke rehabilitation, brain injuries, spinal cord injuries, amputation, and orthopedics. The approximately 70,000 square foot facility was built in 2021 and is fully leased to Knoxville Rehabilitation Hospital, LLC, a joint venture between the University of Tennessee Medical Center, Lifepoint Health, and an affiliate of Community Health Systems, Tennova Healthcare. The facility is located within the 109-acre Tennova Health Park, which currently hosts an ambulatory surgical center and a behavioral health center, in addition to the inpatient rehabilitation facility.

“We are pleased to see the momentum from 2024 continue into 2025, with the acquisition of a highly utilized, institutional quality healthcare facility within a health park that acts as a hub in the Knoxville healthcare market,” stated Michael A. Seton, President and Chief Executive Officer of the Company. “This is our first acquisition in Tennessee and underscores our focus on building additional scale in the Sun Belt market. The facility is accretive to the portfolio in many ways, including having a positive impact on our weighted average remaining lease term, further adding to the increase we realized in the fourth quarter. We believe that this acquisition is yet another example of our team’s exceptional ability to utilize strong relationships to source and capitalize on value-enhancing opportunities.”

About The University of Tennessee Medical Center, Lifepoint Health & Community Health Systems

The University of Tennessee Medical Center is a not-for-profit healthcare system based in Knoxville, Tennessee. The system provides access to healthcare services as an academic medical center and serves as a major referral center for East Tennessee, Southeast Kentucky and Western North Carolina. The system operates a 710-bed hospital in Knoxville, Tennessee, along with other sites of care. Lifepoint Health, headquartered in Brentwood, Tennessee, is an operator of general acute care hospitals, community hospitals, regional health systems, physician practices, outpatient centers and post-acute care facilities in non-urban markets. Lifepoint owns and operates 60 community hospitals, 41 rehabilitation facilities, 24 behavioral health hospitals, and 200 outpatient centers in 31 states. Community Health Systems, Inc. (CHS), headquartered in Franklin, Tennessee, is an operator of general acute care hospitals mainly in non-urban and mid-sized markets in 15 states. CHS operates 67 acute-care hospitals and more than 1,000 other sites of care, including physician practices, urgent care centers, freestanding emergency departments, occupational medicine clinics, imaging centers, cancer centers and ambulatory surgery centers.

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, which, we believe, generate predictable, durable, and growing income streams. Our portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients. As of December 31, 2024, the Company owned 135 real estate properties, and two undeveloped land parcels, located in 65 markets across the U.S. For more information, please visit the Company's website at www.silarealtytrust.com.

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 statements about our focus on building additional scale in the Sun Belt market and the facility being accretive to the portfolio. 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 those described under the section entitled Item 1A. "Risk Factors" of Part I of the Company's 2024 Annual Report on Form 10-K, as filed with the SEC on March 3, 2025, a copy of which are available at www.sec.gov. 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.

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