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Sila Realty Trust, Inc. Acquires Escondido Inpatient Rehabilitation Facility From Harrison Street For $63.4 Million

Sila Realty Trust, Inc. Acquires Escondido Inpatient Rehabilitation Facility From Harrison Street For $63.4 Million

08/08/22, 5:51 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsouth arizona street
Industry
financial services
Sila Realty Trust, Inc., a public, non-traded real estate investment trust focused on investing in high quality healthcare properties across the continuum of care, today announced the acquisition of an inpatient rehabilitation facility located in Escondido, California (the “Escondido IRF”) from Harrison Street, one of the leading investment management firms focused on alternative real estate assets, for $63.4 million. A joint venture between Harrison Street and Pacific Medical Buildings (“PMB”) developed the property.

Company Info

Company
Sila Realty Trust
Location
South Arizona Street, Texas, United States
Company info
The Reading Healthcare Facility is a two-story, 30,000 square foot medical outpatient building constructed in 2020. It serves as the outpatient treatment center for former patients of the adjacent inpatient behavioral facility as well as other patients that only require outpatient care. The facility is fully leased to Reading Behavioral Healthcare, a joint venture between Acadia Healthcare and Tower Health.

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