Sila Realty Trust Sells Facilities Post-Tenant Bankruptcy

Sila Realty Trust, Inc. ( (SILA) ) has shared an update.

GenesisCare, a tenant in some of Sila Realty Trust, Inc.’s properties, emerged from Chapter 11 bankruptcy and the company has since sold two healthcare facilities previously leased to GenesisCare. The sale of these Fort Myers Healthcare Facilities fetched a contractual price of $15.5 million, netting the company $14.6 million after costs, with further expenses expected post-closing. This financial move signifies a notable transaction for the company and its investment strategy.

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