An announcement from Sila Realty Trust, Inc. ( (SILA) ) is now available.
On March 9, 2025, Landmark Holdings of Florida, LLC, which operates six long-term acute care hospitals across Florida, Georgia, and Missouri, filed for Chapter 11 bankruptcy protection. This includes the Savannah Healthcare Facility in Georgia, the only property owned by Sila Realty Trust, Inc. where Landmark is the tenant. Landmark’s financial struggles stem from a $30 million loan taken in December 2020 to sustain operations during the COVID-19 pandemic. The loan required a significant principal payment in December 2024, which Landmark is unable to meet, leading to the bankruptcy filing. Sila Realty Trust, Inc. is monitoring the situation closely, having consulted legal counsel, as the Savannah Healthcare Facility contributes minimally to its portfolio’s annualized rent.
More about Sila Realty Trust, Inc.
YTD Price Performance: 6.13%
Average Trading Volume: 357,397
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.4B
For an in-depth examination of SILA stock, go to TipRanks’ Stock Analysis page.
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