Sila Realty Trust, Inc. (SILA): M&A transaction — Sila Realty Trust sells Webster Healthcare Facility for $258.4M; new NAV $7.48 (down from $8.13)

Sila Realty Trust, Inc.

Sold Webster Healthcare Facility II in Webster, TX to University of Texas System for $258.4M; net proceeds ~$256.8M.
New estimated per share NAV of $7.48 as of Oct 31, 2023, down from $8.13 as of Mar 31, 2023 (8% decrease).
Board authorized January 2024 daily distributions of $0.00109290 per share (annualized $0.40) for all classes.
DRIP and share repurchase prices set at $7.48 per share effective for Q1 2024.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Sila Realty Trust, Inc. completed a disposition involving the Board of Regents of the University of Texas System for $258.4 million (closed 2023-12-14).

Action: disposition
Counterparty: the Board of Regents of the University of Texas System
Consideration: $258.4 million
Closing: 2023-12-14

Exact text from the filing

2018, and the sale was a result of the Buyer’s exercise of its option to purchase the Property provided in the Lease Agreement. The contractual sales price of the Property was $258.4 million. The Company's net proceeds from the disposition of the Property were approximately $256.8 million, after transaction costs and other pro-rations, subject to additional

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Sila Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001567925-23-000075

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