Carter Validus Scoops Up Data Center, Health Care Assets
"We realize that healthcare and technology are two high growth sectors of the economy."
TAMPA, FL–Even as REITs in general tend to be more sellers than buyers of assets, Carter Validus Mission Critical REIT II continues to pick up assets in the data center and healthcare sector.
Healthcare and technology are two high growth sectors of the economy, Michael A. Seton, Chief Executive Officer and President, Carter Validus tells GlobeSt.com. They “create more durable income streams for our shareholders,” he says.
The Indianola Healthcare Facilities Portfolio in Indianola, Iowa, was also recently purchased by Carter Validus for $13.8 million. This portfolio is made up of two medical office buildings. The first building is situated on 1.40 acres containing 18,116 square foot and the second building is situated on 3.26 acres with 20,990 square feet.
It also just acquired the Benton Hot Springs Healthcare Facilities portfolio in Arkansas for $30.4 million. This portfolio encompasses five, fully leased medical office buildings totaling 147,792 square feet.
Carter Validus recently acquired the Canton Data Center for $9.4 million. A co-location center, located in Canton, Ohio, the facility delivers 1.5 megawatts of existing capacity expandable to 3.0 megawatts. The data center is situated on 1.83 acres and houses 29,960 square feet.
“We enjoy multi-tenant transactions since we get a diversity in tenants,” says Seton. “However, singular tenants still get the benefit of being a part of a diversified portfolio.”