Home Alts News Sila Realty Trust Terminates Chief Accounting Officer

Sila Realty Trust Terminates Chief Accounting Officer

Sila Realty Trust Inc., a publicly registered, non-traded real estate investment trust formerly known as Carter Validus Mission Critical REIT II, has terminated its chief accounting officer.

Sila Realty Trust Inc., a publicly registered, non-traded real estate investment trust formerly known as Carter Validus Mission Critical REIT II, has terminated Jamie Yoakum, its chief accounting officer, according to a filing with the Securities and Exchange Commission.

Kay Neely, chief financial officer, will assume his role until a new chief accounting officer is hired.

In connection with Yoakum’s termination, if he executes a general release of claims against the company, he will receive certain benefits in accordance with its severance plan.

These include a cash severance payment equal to the product of his base salary and target annual bonus, and a severance multiple and his target annual bonus for the current year prorated for the portion of the year he was employed; full and immediate vesting of his time-based equity incentive awards; pro-rated and immediate vesting of his performance-based equity incentive awards; and a cash payment relating to dividends on his vested performance-based equity incentive awards.

Yoakum is subject to certain non-solicitation and non-competition covenants for 12 months.

Sila Realty Trust invests in healthcare real estate and oversees a portfolio of 126 properties and two land parcels, as of March 31, 2022. The REIT raised approximately $1.2 billion in investor equity after launching its initial offering in May 2014. Its follow-on offering closed in November 2018 after raising $129.3 million.

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