Sila Realty Trust, Inc., a non-traded real estate investment trust, announced on July 21 its acquisition of the TGH Rehabilitation Hospital, an 80-bed inpatient acute rehabilitation facility in Tampa. The purchase price was $51.2 million, excluding acquisition costs. The acquisition of TGH Rehabilitation Hospital strengthens Sila Realty Trust’s presence in its home state of Florida.
The TGH Rehabilitation Hospital manages the treatment and recovery of patients who have suffered a severe injury or illness. The facility is located on 3.8 acres and includes nearly 88,000 rentable square feet. It is 100% leased to Tampa Rehabilitation Hospital, LLC, a joint venture between Tampa General Hospital and Kindred Rehabilitation Services.
The TGH Rehabilitation Hospital is the first completed building of several that are expected to comprise one end of the Tampa Medical and Research District, an emerging medical district in downtown Tampa.
Sila Realty Trust, Inc. is headquartered in Tampa and invests in healthcare properties. It owns 126 healthcare properties in 56 markets across the U.S.
According to the LevinPro HC database, this marks the 60th Behavioral Health Care (BHC) deal of 2022. Although this is a 7.7% decrease from the same time last year, when there were 65 transactions announced in the BHC sector, the number of transactions involving inpatient behavioral health hospitals has increased from three during the same period in 2021, to four so far this year.
