US-based net lease real estate investment trust (REIT) Sila Realty Trust has closed the acquisition of two inpatient rehabilitation facilities in the US for $70.3m.
Located in Plano, Texas, and Peoria, Arizona, these facilities encompass more than 100,000ft² of newly established space within growing metropolitan statistical regions in the country.
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The Plano and Peoria facilities showcase demand, indicated by high census data, and feature 48 and 40 licensed beds, respectively.
They provide comprehensive inpatient care and are leased to Reunion Rehabilitation Hospitals, in collaboration with Nobis Rehabilitation Partners, who exclusively manage and operate the facilities under the Reunion brand.
Built and opened in 2023, these strategically placed facilities benefit from their proximity to multiple acute care hospitals, which serve as primary referral sources.
Reunion Rehabilitation Hospitals operates a network of seven inpatient rehabilitation facilities throughout the US states of Colorado, Arizona, Florida, and Texas.
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By GlobalDataThe sites are equipped with a team of rehabilitation therapists, physicians, specialised nurses, and administrators focused on offering personalised treatment plans to expedite patient recovery.
Sila Realty Trust president and CEO Michael Seton said: “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.
“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.”
