Sila Realty Trust, Inc. Completes Acquisition of West Palm Beach Medical Office Building for $9.85 Million
June 16, 2023 at 10:23 am
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Sila Realty Trust, Inc. announced the acquisition of a 25,150 square foot medical office building located in West Palm Beach, Florida (the "West Palm Beach Healthcare Facility") for approximately $9.85 million. The West Palm Beach Healthcare Facility is a fully leased two-story building with the majority being occupied by OB/GYN Specialists of the Palm Beaches ("OB/GYN Specialists"), which specializes in high-risk pregnancies and births. OB/GYN Specialists offers comprehensive obstetrical and gynecologic services, with specific services at the West Palm Beach Healthcare Facility including general practice, perinatology and urogynecology.
OB/GYN specialists has a total of 35 board-certified physicians with six of seven locations throughout the West Palm Beach-Boca Raton-Delray Beach, Florida Metropolitan Statistical Area (MSA). OB/GYN Specialists is part of the Unified Women's Healthcare network. Unified Women's Healthcare is the physician practice management company solely dedicated to women, with a network including over 2,600 providers at over 925 care centers and 36 fertility clinics nationwide.
Sila Realty Trust, Inc. is a real estate investment trust (REIT). The Company is focused on investing in and managing strategic healthcare assets across the continuum of care, with emphasis on lower cost patient settings. It owns approximately 136 healthcare properties and two undeveloped land parcels located in 62 markets across the United States. Its portfolio includes Akron Healthcare Facility, Alexandria Healthcare Facility, Allen Healthcare Facility, Appleton Healthcare Facility, Augusta Healthcare Facility, Beaumont Healthcare Facility, Bellevue Healthcare Facility, Benton Healthcare Facility, Carrollton Healthcare Facility, Cincinnati Healthcare Facility, Yukon Healthcare Facility, El Segundo Healthcare Facility, Dallas Healthcare Facility, Pleasant Hills Healthcare Facility, Escondido Healthcare Facility, West Palm Beach Healthcare Facility, Burr Ridge Healthcare Facility, Clive Healthcare Facility, Escondido Healthcare Facility and Brownsburg Healthcare Facility, among others.