Sila Realty Trust, Inc. announced on May 22 the acquisition of a medical outpatient building (MOB) located in Reading, Pennsylvania for $10.5 million.
The two-story, 30,000-square-foot MOB was constructed in 2020 and 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 purpose-built facility is positioned on the campus of the 144-bed Tower Behavioral Health facility, also constructed in 2020. The MOB is fully leased to Reading Behavioral Healthcare, a joint venture between Acadia Healthcare and Tower Health.
Sila Realty Trust is a public, non-traded real estate investment trust headquartered in Tampa. It invests in high-quality healthcare properties leased to tenants, capitalizing on critical and structural economic growth drivers. It owns more than 136 real estate properties and two undeveloped land parcels located in 64 markets across the United States.
“We are pleased to announce the addition of a newly constructed, on-campus, Class A medical outpatient building to our dynamic portfolio of healthcare assets, featuring tenancy comprised of a leading local healthcare system and the largest operator of behavioral health facilities in the country,” stated Michael A. Seton, President and Chief Executive Officer of Sila Realty Trust. “The facility exemplifies our commitment to sourcing and acquiring what we believe are accretive opportunities that are critical to the business operations of our tenants and the communities in which they serve.”
According to data captured in the LevinPro HC database, this transaction marks the 71st MOB acquisition of 2024. This also marks Sila Realty Trust’s third MOB acquisition of 2024. The company made 12 acquisitions since January 2022.
