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.