As earlier disclosed inside a U.S. Securities and Exchange Commission submitting in late March, Sila Realty Believe in Inc. notified Robert R. Labenski, its previous main accounting officer, of the termination of his work on March 20, successful quickly and then notified Jon C. Sajeski, its former chief investment decision officer, of the termination of his work on March 25, powerful immediately.
This information preceded the recent announcement by Sila, a non-traded authentic estate expense rely on centered on investing in U.S. healthcare homes (and formerly identified as Carter Validus Mission Important REIT II), that it intends to pursue a listing on the New York Stock Trade in the late next quarter or early third quarter of 2024.
In connection with their terminations from the REIT, Labenski and Sajeski subsequently every executed a normal launch of claims towards the enterprise in exchange for particular benefits in accordance with Sila’s severance system. For each individual, the added benefits incorporate a cash severance payment equal to the products of his base income and target yearly bonus, and a severance various of 1.5 and his goal yearly bonus for 2024 prorated for the part of the yr he was used. Each individual is to acquire full and fast vesting of his time-based mostly equity incentive awards, fast vesting of a pro-rated portion of his performance-centered fairness incentive awards, and a cash payment relating to dividends on his vested functionality-based fairness incentive awards.
Among the other matters, just about every are subject to selected non-solicitation and non-competitors covenants: Labenski for 24 months pursuing work termination, and Sajeski for 18 months next work termination.
The listing is matter to, between other items, the REIT conference the NYSE listing specifications and obtaining NYSE listing authorization, as well as market place situations.
Sila Realty Rely on Inc. is a web lease serious estate financial commitment rely on headquartered in Tampa, Fla., with a strategic target on investing in the major, growing, and resilient health care sector of the U.S. economic climate. As of Dec. 31, 2023, Sila Realty Have confidence in owned 131 true estate houses and two undeveloped land parcels located in 62 markets throughout the United States.
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