Sila Realty Trust Closes Acquisition of Clive Healthcare Facilities Portfolio for USD 47m.
MANews-(C)2009-2022
US-based real estate investment trust Sila Realty Trust, Inc has acquired the Clive Healthcare Facilities Portfolio for a contract purchase price of USD 47m, the company said.
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 USD 23.5m.
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...
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