Press Release
June 14, 2024

Holland & Knight Represents Sila Realty Trust Inc. in NYSE Direct Listing

TAMPA, Fla. (June 14, 2024) – Holland & Knight represented Sila Realty Trust Inc. in the direct listing of its shares of common stock, which began trading on the New York Stock Exchange on June 13 under the ticker symbol SILA.

Headquartered in Tampa, Florida, Sila is a net lease real estate investment trust (REIT) with a strategic focus on investing in the U.S. healthcare sector. The company has amassed a diversified portfolio consisting of more than $2.1 billion of high-quality properties associated with some of the largest and most reputable healthcare operators in the country, including Post Acute Medical LLC, Baylor Scott & White Health, Tenet Healthcare Corp. and Cleveland Clinic Foundation.

Sila maintains a strong balance sheet with approximately $590 million in liquidity and a net debt leverage ratio of approximately 20.5 percent, as of March 31, 2024.

Holland & Knight Partner Mike Mills, Senior Counsel Kristin Padgett and Associate Julia Harrison led the firm's representation of Sila in the listing.

More information on the offering can be found here.

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