Real estate investment trust acquires Florida rehabilitation hospital for $51.2M

Roger Pettingell Sarasota Real Estate

Sila Realty Trust announced the acquisition of the Tampa (Fla.) General Hospital Rehabilitation Hospital for a price of $51.2 million, excluding acquisition costs, in a July 21 press release.

The newly constructed facility began accepting patients in May 2022 and is 100 percent leased to Tampa Rehabilitation Hospital, a joint venture between Tampa General Hospital and Kindred Rehabilitation Services.

President and CEO of Sila Realty Trust, Michael Seton, said the acquisition was an exceptional opportunity. 

“The strong presence and reputation of TGH serving the Tampa Bay community is well known and we are excited to watch the impact on this facility of Kindred’s proven expertise in rehabilitation operations,” Mr. Seton said. 

The facility is a freestanding, 88,000-square-foot 80-bed inpatient rehabilitation facility located less than two miles from downtown Tampa, Fla.

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