Tenant Landmark Holdings files Chapter 11; property is 0.7% of Sila portfolio

Sila Realty Trust, Inc.

Landmark Holdings, tenant of Sila's Savannah Healthcare Facility, filed Chapter 11 bankruptcy.
The property accounts for 0.7% of Sila's total portfolio annualized December 2024 base rent.
Landmark has met lease obligations through March 2025; lease not included in bankruptcy motions.
Bankruptcy driven by inability to make $4.5M principal payment on $30M loan from Amerant Bank.
Sila is monitoring reorganization and has retained outside legal counsel.

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