Sila Realty Trust has entered into a purchase and sale agreement with wholly owned subsidiaries of Mapletree Industrial Trust for up to 29 data center properties for $1.32 billion.
Michael Seton, CEO and president, stated, “We are pleased to enter into this agreement with MIT to sell our data center properties. This action marks another key step in Sila Realty Trust’s evolution to provide a clear path for the company to pursue a strategy as a pure-play healthcare REIT. Upon closing this transaction, we will continue to be focused on enhancing the value of our company through internal and external growth opportunities which, we believe, will maximize optionality to achieve liquidity for our stockholders within the timeframe communicated during our offering.”
As of March 31, Sila Realty Trust owned 153 real estate properties, consisting of 29 data centers and 124 healthcare properties located in 70 markets across the United States.
