Sila Realty Trust (NYSE:SILA) completed the $43.1 million acquisition of the Nobis OKC Facility on Friday, a move that underscores the REIT’s strategy of targeting market-dominant healthcare assets with high occupancy and limited competition.
The 53,100-square-foot inpatient rehabilitation facility (IRF) recently underwent an 18-bed expansion, completed this month, bringing its total capacity to 58 beds.
The property is fully leased to Oklahoma City Rehabilitation Hospital, a subsidiary of Nobis Rehabilitation Holdings, under a long-term absolute-net lease.
This "triple-net" structure provides Sila with a predictable, bond-like income stream, as the tenant remains responsible for all property expenses, including taxes, insurance, and maintenance.
Located within 10 miles of 13 acute care hospitals, the facility serves as a critical downstream referral point for patients recovering from strokes, spinal cord injuries, and complex surgeries.
According to Sila CEO Michael A. Seton, the facility has maintained occupancy rates above the national average for freestanding IRFs since its opening in 2022.
The 45% expansion in bed count within just four years reflects the intense demand for specialized rehabilitative care in the Oklahoma City metropolitan area.
The acquisition is part of a broader 2026 growth phase for the Tampa-based REIT.
As of late 2025, Sila owned 140 properties across 67 U.S. markets, with a strategic focus on high-acuity healthcare settings.
Analysts note that the company’s portfolio is well-positioned for an aging demographic, with roughly 17% of its holdings now concentrated in the inpatient rehabilitation segment.
By securing a facility with only three direct competitors within a 25-mile radius, Sila is reinforcing its "pure-play" healthcare narrative.
The deal follows a string of successful 2025 acquisitions in Texas and Tennessee, supported by a strong liquidity position and a conservative leverage profile that has made Sila a standout among regional healthcare REITs.