Carter Validus Acquires $210M in Data, Healthcare Assets

TAMPA, FL—Carter Validus Mission Critical REIT, Inc. reports it has recently acquired more than $210 million in data center and healthcare properties, which brings its total portfolio investment to more than $1.9 billion and 5.5 million square feet in 21 states.

The company's recent acquisitions include the $40.4-million purchase of the Lafayette Surgical Hospital, which was acquired on Sept.19. Located in Lafayette, LA, the 73,824-square-foot property is 100% leased to Lafayette Surgical Hospital, LLC.

The Dermatology Associates of Wisconsin portfolio was acquired by Carter Validus on Sept.15 for $28.3 million. The portfolio consists of nine properties totaling 88,114 rentable square feet. All of the properties are located within a 75-mile radius of Green Bay, WI. All properties are 100% leased to Forefront Management, LLC under individual leases, the company reports.

Carter Validus also reports it acquired the Alpharetta Data Center on Sept. 5 for a purchase price of $50 million. Its other deals include the $81.3-million purchase of the Select Medical portfolio, a three-facility acquisition on Aug. 29. Located in Akron, OH, Frisco, TX and Bridgeton, MI, the total portfolio measures 166,807 rentable square feet and is 100% leased to affiliates of Select Specialty Hospital.

The firm also purchased on Aug. 28 the Rehabilitation Hospital of Rhode Island for $10 million, Located in North Smithfield, RI, the property measures 92,944 rentable square feet and is 100% leased to Prime Healthcare Services-Landmark.

CVMC REIT says its investment strategy continues to be focused on acquiring high-quality, long-term net leased data center and healthcare properties throughout the United States that are “mission critical” or essential to the successful operations of its tenants.

“We are delighted with the significant progress we have made recently,” says Michael Seton, president and chief investment officer of Carter Validus Advisors, LLC. “As we approach $2 billion in portfolio assets, we believe we are well-positioned to continue to deliver value to our shareholders.”

John Carter, CEO of CVMC REIT, adds “We are pleased with our ability to consistently execute on our focused strategy of acquiring high-quality mission critical real estate assets in key markets across the country.”