Sila Realty Trust completed the acquisition of Dover Healthcare Facility from PAM Health and Bayhealth for $23.5m.

Sila Realty Trust, a net lease real estate investment trust with a strategic focus on investing in the growing and resilient healthcare sector, completed the acquisition of Dover Healthcare Facility, a 34-bed, inpatient rehabilitation facility, from PAM Health, a private healthcare provider, and Bayhealth, a not-for-profit healthcare system serving central and southern Delaware, for $23.5m. "The Dover Healthcare Facility is our first acquisition in Delaware and demonstrates our team’s ability to leverage relationships to source and transact on accretive opportunities anywhere within United States. We believe that the combination of the state’s strong barriers to entry and heavy utilization at this facility provides for an opportunity for future expansion at the Dover Healthcare Facility," Michael A. Seton, Sila Realty Trust President and CEO.