Sila Realty Trust to Sell its Data Center Portfolio to Singapore-Listed REIT
Sila Realty Trust Inc., a publicly registered, non-traded real estate investment trust formerly known as Carter Validus Mission Critical REIT II, has agreed to sell its entire 29-property data center portfolio.
Sila Realty Trust Inc., a publicly registered, non-traded real estate investment trust formerly known as Carter Validus Mission Critical REIT II, has agreed to sell its entire 29-property data center portfolio to subsidiaries of Mapletree Industrial Trust, a REIT listed on the Singapore Exchange, for more than $1.3 billion.
“This action marks another key step in Sila Realty Trust’s evolution to provide a clear path for the company to pursue a strategy as a pure-play healthcare REIT,” said Michael Seton, chief executive officer and president. “Upon closing this transaction, we will continue to be focused on enhancing the value of our company through internal and external growth opportunities which, we believe, will maximize optionality to achieve liquidity for our stockholders within the timeframe communicated during our offering.”
The transaction is expected to be completed in one or more closings during the third quarter of 2021.
As of March 31, 2021, Sila Realty Trust owned 153 real estate properties, consisting of 29 data centers and 124 healthcare properties located in 70 markets across the United States with a total purchase price of approximately $3.2 billion, including capital expenditures on development properties placed into service.
