Sila Realty Trust has completed a $43.1 million acquisition of an inpatient rehabilitation facility in Oklahoma City, adding a newly expanded healthcare asset to its national portfolio.
For the Tampa-based REIT, the deal reflects a focused investment philosophy centered on specialized healthcare properties with durable demand and long-term lease structures.
A facility built for growth
The Nobis OKC Facility was originally constructed in 2022 with 40 inpatient rehabilitation beds.
An 18-bed expansion was completed in January 2026, increasing capacity by 45% and bringing the facility to 58 beds across approximately 53,100 square feet.
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The property is fully leased to and operated by Oklahoma City Rehabilitation Hospital, a wholly owned subsidiary of Nobis Rehabilitation Holdings.
The lease is structured as a long-term absolute-net agreement with a corporate guaranty.
Market access and limited competition
The facility is located within 10 miles of 13 hospitals totaling more than 2,800 beds.
It competes with only three other freestanding inpatient rehabilitation facilities within a 25-mile radius.
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That proximity positions the asset within a concentrated referral network while limiting competitive pressure, a combination that often supports stable occupancy and utilization over time.
Leadership perspective
Michael A. Seton, president and CEO of Sila Realty Trust, said the expansion reflects sustained demand since the facility opened.
“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,” Seton said.
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Seton said the facility aligns with the company’s broader strategy of owning market-dominant healthcare properties operated by experienced management teams.
“This expansion is a testament to the facility’s strategic positioning, patient-centric design and best-in-class operations,” Seton said. “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.”
Operator and portfolio context
The facility is operated by a subsidiary of Nobis Rehabilitation Partners, which develops and manages inpatient rehabilitation hospitals nationwide.
Founded in 2018, the company manages 16 inpatient rehabilitation facilities and has nine additional projects under development.
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Headquartered in Tampa, Sila Realty Trust invests across the healthcare continuum through net lease structures designed to generate predictable income.
As of Sept. 30, 2025, the company owned 140 real estate properties and three undeveloped land parcels across 67 markets in the United States.
The Oklahoma City acquisition reflects how Tampa-based capital continues to play a growing role in shaping healthcare real estate markets nationwide.
Why it matters
For Tampa Bay business leaders and investors, the deal highlights how local public companies are executing national growth strategies while anchoring leadership, decision-making and capital allocation in the Tampa Bay Area.
