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32 min ago Share Sila Realty Trust’s plan to shed its portfolio of data centers will further focus the Tampa company and better position it for its future goal. by: Kevin McQuaid Commercial Real Estate Editor In selling its entire portfolio of 29 data center properties to a Singapore-based investment firm, Sila Realty Trust Inc. expects to better sharpen its focus on the health care assets for which it is better known. The move by the Tampa-based company also could better position Sila Realty for an eventual sale, merger or public listing on a stock exchange — a lo...

Singapore’s Mapletree Industrial Trust to acquire 29 US data centres for $1.3b 2601 West Broadway Road, Tempe, Arizona, one of the 29 data centres. May 21, 2021 Mapletree Industrial Trust has agreed to acquire 29 data centres in the US from Sila Realty Trust for approximately $1.3 billion, the Singapore-listed trust said in a stock exchange filing. The deal, which covers a total land area of 8.4 million square feet, will be financed through a combination of debt and equity, with the final structure to be decided at a later stage, Mapletree said. The proposed acquisition is expected to make ...