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January 11, 2022

Sila Realty Trust acquires Clive Healthcare Facilities Portfolio in US

The acquired portfolio is located close to multiple medical centres.

US-based Sila Realty Trust has acquired the Clive Healthcare Facilities Portfolio for a contract purchase price of $47m.

The deal includes three fully leased medical office buildings with 132,617ft2 rentable space and two land parcels spanning 1.52 acres.

Sila Realty Trust president and CEO Michael Seton said: “The Clive Healthcare Facilities Portfolio is comprised of institutional quality medical office buildings that exhibit the attributes and local market affiliations that exemplify our strategy of acquiring healthcare facilities along the continuum of care with emphasis on lower cost patient settings.”

The acquired portfolio is on the Mercy Wellness Campus, which is located across the street from MercyOne West Des Moines Medical Center and UnityPoint Health – Methodist West Hospital, with 82 and 95 beds, respectively.

Sila Realty Trust acquired a 58,156ft2 rentable medical office building in November 2018, in a deal valued at for $23.5m. The building is adjacently located to the newly acquired portfolio.

With this deal, Sila Realty now has ownership of the entire medical office campus.

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The portfolio comprises two single tenant and one multi-tenant medical office buildings. They are anchored by Catholic Health Initiatives – Iowa Corp., which is doing business as MercyOne, and is an affiliate of CommonSpirit Health.

Tenants of the building offer various patient services including cancer diagnostics and treatments, sleep disorders, physical therapy and rehabilitation. They also offer preventative health and wellness services.

Located in Clive, Iowa nearly ten miles west of downtown Des Moines, the portfolio is close to multiple medical centres.

It is part of the Des Moines-West Des Moines Metropolitan Statistical Area.

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