Michael Seton, president and CEO of Sila Realty Trust, Inc . (NYSE: SILA), sat down for a video interview during Nareit’s REITworld: 2024 Annual Conference in Las Vegas, Nevada on Nov. 18-21.
Seton said that one key highlight from Sila’s latest earnings report is the acquisition of a rehab facility in Fort Smith, Arkansas, demonstrating the type of assets the company aims to acquire moving forward. Additionally, SILA provided two mezzanine loans to support the development of a rehab and a behavioral health facility.
Seton emphasized the strong fundamentals in the health care sector, driven by the aging baby boomer population, which creates significant opportunities for investment in health care services. This trend benefits Sila’s tenants, and in turn, strengthens the company as a landlord.
As the REIT looks ahead to 2025, Seton identified growth as the primary objective, with a focus on "smart growth." Sila plans to expand its portfolio, particularly in medical office buildings, rehab facilities, behavioral health, and surgical hospitals. This strategic approach reflects Sila's commitment to expanding its footprint in the health care real estate sector, aligning with the broader market dynamics and addressing evolving health care needs, he noted.