Sila Realty Trust, Inc. (the ‘Company') announced the acquisition of the Clive Healthcare Facilities Portfolio (the ‘Portfolio') for a contract purchase price of $47.0 million, excluding acquisition costs. The Portfolio consists of three fully leased medical office buildings totaling 132,617 rentable square feet, and two parcels of land totaling 1.52 acres. The Portfolio is situated on the Mercy Wellness Campus, across the street from the 82-bed MercyOne West Des Moines Medical Center, and the 95-bed UnityPoint Health - Methodist West Hospital.

In November 2018, the Company acquired a 58,156 rentable square foot medical office building located adjacent to the Portfolio on the same campus for $23.5 million. With this acquisition, the Company now owns and controls the entire medical office campus. The Portfolio's two single tenant and one multi-tenant medical office buildings are anchored by Catholic Health Initiatives – Iowa Corp., doing business as MercyOne, an affiliate of CommonSpirit Health.

Patient services provided by tenants of the Portfolio include diagnostics and treatment of cancers, sleep disorders, physical therapy and rehabilitation, as well as preventative health and wellness services. The Portfolio is located in Clive, IA, approximately 10 miles west of downtown Des Moines, and is part of the five-county Des Moines-West Des Moines Metropolitan Statistical Area. The Portfolio benefits from proximity to multiple medical centers and convenient thoroughfare access for patients and physicians.