Sila Realty Trust completes $1.32B sale of data center portfolio, announces $9.95 NAV per share

Sila Realty Trust, Inc.

Sold entire data center portfolio of 29 properties for $1.32B to subsidiaries of Mapletree Industrial Trust.
Net proceeds of ~$1,260.5M after repaying $305.2M in property-level mortgage and transaction costs.
Estimated NAV per share set at $9.95 as of May 31, 2021, up from $8.69 in September 2020.
Repaid $280M term loan; credit facility pool availability decreased by ~$244.6M, leaving $381.9M undrawn.
Jason C. Reed appointed Chief Administrative Officer; special distribution and new distribution rate planned.

item 1.01 item 2.03 item 2.01 item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Jason C. Reed

Chief Administrative Officer

SILA · Sila Realty Trust, Inc.

Effective: 2021-07-22
Filed: July 23, 2021, 7:59 PM ET

On July 22, 2021, the Company announced that Jason C. Reed's title will be changed from Chief Investment Officer, Data Centers to Chief Administrative Officer, effective July 22, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason C. Reed changed role as Chief Administrative Officer at Sila Realty Trust, Inc..

Action: changed
Role: Chief Administrative Officer

Exact text from the filing

On July 22, 2021, the Company announced that Jason C. Reed's title will be changed from Chief Investment Officer, Data Centers to Chief Administrative Officer, effective July 22, 2021.

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Sila Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001567925-21-000048

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