A net lease is a real estate lease in which the tenant pays some or all property expenses—such as taxes, insurance and maintenance—in addition to base rent, so the landlord receives a steadier stream of income with fewer variable costs. For investors, net leases can behave like a bond: they offer predictable, long-term cash flow and lower property-management risk, but the investor still faces vacancy, credit and market-value risks.
real estate investment trustfinancial
A real estate investment trust (REIT) is a company that owns and manages income-producing properties—like apartment buildings, shopping centers, offices, or warehouses—and is required to pass most of its rental income to shareholders as dividends. Think of it as a shared property owner: instead of buying a whole building, investors buy a slice of a portfolio that pays regular income and can offer exposure to property values and rental markets without direct management. REITs matter to investors for predictable income, diversification, and liquidity compared with owning physical real estate.
inpatient rehabilitation facilitymedical
An inpatient rehabilitation facility is a specialized healthcare center where patients stay overnight to recover from serious injuries, surgeries, or illnesses with the help of medical staff and therapy programs. For investors, it signifies a segment of the healthcare industry focused on intensive recovery services, often reflecting broader trends in healthcare demand, aging populations, and healthcare spending.
absolute-net leasefinancial
An absolute-net lease is a property rental agreement in which the tenant takes responsibility for virtually all costs tied to the asset — rent, taxes, insurance, maintenance and even major repairs or replacements — leaving the landlord with minimal ongoing expenses or obligations. For investors, this setup often means steadier, more predictable income and lower property-management burden, but greater dependence on the tenant’s credit and long-term viability; think of it like leasing a car where the renter pays for every service and repair.
corporate guarantyfinancial
A corporate guaranty is a legally binding promise by one company to pay another party’s debt or meet an obligation if the original borrower fails to do so. It matters to investors because it lowers the counterparty risk of a deal—like a backup battery that kicks in when the main power fails—but also shifts potential liabilities onto the guarantor’s balance sheet, which can affect that company’s credit strength, cash flow and shareholder value.
EBITDARMfinancial
EBITDARM is a measure of a company's operating profit before subtracting interest, taxes, depreciation, amortization, rent and management fees; it shows how much cash a business generates from its core operations when major fixed charges and certain service fees are ignored. Investors use it like a common yardstick to compare operational performance across companies or properties (for example, hotels or leased businesses), because it removes differences in financing, tax situations, and contractual fees that can hide underlying trends.
TAMPA, Fla.--(BUSINESS WIRE)--
Sila Realty Trust, Inc. (NYSE: SILA) (the “Company”, “we”, or “our”), a net lease real estate investment trust (“REIT”) with a strategic focus on investing in the growing and resilient healthcare sector, today announced the $43.1 million acquisition of an inpatient rehabilitation facility (“IRF”) located in Oklahoma City, Oklahoma (the “Nobis OKC Facility”).
The Nobis OKC Facility was originally constructed in 2022 with 40-inpatient rehabilitation beds and has subsequently undergone an 18-bed, approximately 9,100 square foot expansion which was completed in January 2026. The now approximately 53,100 square foot, 58-bed facility is fully leased to and operated by Oklahoma City Rehabilitation Hospital, a wholly owned subsidiary of Nobis Rehabilitation Holdings, under a long-term absolute-net lease with a corporate guaranty. The Nobis OKC Facility is strategically and conveniently located within 10 miles of 13 hospitals totaling over 2,800 beds and competes with only three other freestanding IRFs within a 25-mile radius.
“Since opening in 2022, the Nobis OKC Facility has demonstrated its premier position in the market through above national average occupancy for freestanding inpatient rehabilitation facilities and the need to expand the bed count by 45% in such a short amount of time,” stated Michael A. Seton, President and Chief Executive Officer of the Company. “This expansion is a testament to the facility’s strategic positioning, patient centric design, and best-in-class operations, and exemplifies the characteristics of the market-dominant healthcare facilities that we like to own. Supported by a long-term lease, robust EBITDARM coverage, skilled and seasoned management, and limited competition, we believe this facility aligns very well with our strategic priorities and is positioned to provide sustained value to our shareholders for years to come.”
About Nobis Rehabilitation Partners
Nobis Rehabilitation Partners (“Nobis”) offers a variety of services to health systems and hospitals for their post-acute strategies including turnkey operations of standalone inpatient rehab facilities, joint venture partnerships, or acquisition opportunities. Drawing on extensive experience in developing, owning, and managing inpatient rehabilitation hospitals nationwide, Nobis has optimized both the design and operational processes to enhance hospital outcomes and performance. Nobis was founded in 2018 and manages a total of 16 IRFs nationwide with nine more under development.
About Sila Realty Trust, Inc.
Sila Realty Trust, Inc., headquartered in Tampa, Florida, is a net lease real estate investment trust with a strategic focus on investing in the growing and resilient healthcare sector. The Company invests in high quality healthcare facilities along the continuum of care in the pursuit of generating predictable, durable, and growing income streams. Sila’s portfolio comprises high quality tenants in geographically diverse facilities, which are positioned to capitalize on the dynamic delivery of healthcare to patients. As of September 30, 2025, the Company owned 140 real estate properties and three undeveloped land parcels, located in 67 markets across the United States. For more information, please visit the Company’s website at www.silarealtytrust.com.
Forward-Looking Statements
Certain statements contained herein, other than historical fact, may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provided by the same. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties. No forward-looking statement is intended to, nor shall it, serve as a guarantee of future performance. You can identify the forward-looking statements by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will” and other similar terms and phrases. Forward-looking statements are subject to various risks and uncertainties and factors that could cause actual results to differ materially from the Company’s expectations, and you should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company’s control and could materially affect the Company’s results of operations, financial condition, cash flows, performance or future achievements or events. Additional factors include those described under the section entitled Item 1A. “Risk Factors” of Part I of the Company’s 2024 Annual Report on Form 10-K, as filed with the SEC on March 3, 2025, a copy of which is available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
