Sila Realty Trust, a public, non-traded REIT focused on investing in high-quality healthcare properties across the continuum of care, announced the acquisition of an inpatient rehabilitation facility located in Escondido, Calif., from Harrison Street for $63.4 million. A joint venture between Harrison Street and Pacific Medical Buildings (PMB) developed the property.
The Escondido IRF, known locally as the Palomar Health Rehabilitation Institute, is a two-story, build-to-suit, freestanding inpatient rehabilitation hospital located on 4.1 acres in the San Diego-Carlsbad MSA. The building has 56,000 rentable square feet and 52 beds and is fully leased to Palomar Health Rehabilitation Institute, a joint venture between Palomar Health and Kindred Rehabilitation Services. The newly constructed facility began accepting patients in April 2021 and offers customized rehabilitation designed to the individual needs of people recovering from stroke, brain injury, neurological conditions,
