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32 min ago Share Sila Realty Trust’s plan to shed its portfolio of data centers will further focus the Tampa company and better position it for its future goal. by: Kevin McQuaid Commercial Real Estate Editor
In selling its entire portfolio of 29 data center properties to a Singapore-based investment firm, Sila Realty Trust Inc. expects to better sharpen its focus on the health care assets for which it is better known.
The move by the Tampa-based company also could better position Sila Realty for an eventual sale, merger or public listing on a stock exchange a long-term goal management has stated is a desired endgame.
Singapore-listed Mapletree Industrial Trust has agreed to acquire a portfolio of 29 data centers across the U.S. for $1.3 billion from Tampa, Florida-based Sila Realty Trust.
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