Sila Realty Trust, Inc. Announces Final Results of Modified “Dutch Auction” Tender Offer

Sila Realty Trust, Inc. (NYSE: SILA) (“Sila”, the “Company”, “we” or “us”), a net lease real estate investment trust (“REIT”) with a strategic investment focus on the significant, growing, and resilient healthcare sector, today announced the final results of its modified “Dutch Auction” tender offer (the “Offer”) to purchase for cash up to $50 million in value of shares of the Company’s common stock, which expired at 5:00 p.m., New York City time, on July 19, 2024.

Based on the final count by Computershare Trust Company, N.A., the depositary and paying agent for the Offer (the “Depositary”), 4,670,381 shares of common stock were validly tendered at the final purchase price of $22.60 per share and not properly withdrawn.

In accordance with the terms and conditions of the Offer, and based on the final count by the Depositary, the Company has accepted for purchase 2,212,389 shares of common stock at a purchase price of $22.60 per share, for an aggregate cost of approximately $50 million, excluding fees and expenses relating to the Offer.

The number of shares of common stock that the Company has accepted to purchase in the Offer represents approximately 3.9% of the total number of shares of common stock outstanding as of July 19, 2024. Following payment for the shares of common stock purchased in the Offer, the Company had approximately 55.0 million shares of common stock outstanding.

Due to the oversubscription of the Offer, based on the final count described above, the Company accepted for purchase on a pro rata basis approximately 42% of the shares of common stock properly tendered and not properly withdrawn at the purchase price of $22.60 per share (other than “odd lot” holders, whose shares of common stock were purchased in full on a priority basis).

Payment to the Depositary for the shares of common stock accepted for purchase under the Offer occurred on July 23, 2024. Shares of common stock tendered and not accepted for purchase will be returned promptly to shareholders. The Depositary will issue payment for the shares of common stock validly tendered and accepted for purchase in accordance with the terms and conditions of the Offer.

Wells Fargo Securities, LLC acted as advisor to management and the board of directors of the Company for the Company’s listing on the New York Stock Exchange on June 13, 2024. Georgeson LLC acted as information agent for the Offer with Wells Fargo Securities, LLC acting as dealer manager for the Offer.