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

Aug 08, 2022•over 3 years ago

Acquiring Company

Sila Realty Trust

Acquired Company

Escondido Inpatient Rehabilitation Facility

South Arizona StreetFinancial Services

Description

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 Information

Company

Sila Realty Trust

Location

South Arizona Street, Texas, United States

About

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.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed