Carter Validus REIT II Buys Three Medical Properties

TAMPA, FL—Locally-based Carter Validus Mission Critical REIT II, Inc. has paid nearly $77 million for two medical properties in Fort Worth, TX and another in Stoughton, MA.

Carter Validus reports it has acquired the Baylor Surgical Hospital at Fort Worth, the Baylor Surgical Hospital Integrated Medical Facility and the New England Sinai Medical Center for a combined purchase price of $76.8 million.

The Baylor Fort Worth Medical Center is a 5.84-acre medical center campus comprised of the Baylor Surgical Hospital at Fort Worth and the Baylor Surgical Hospital Integrated Medical Facility. Both buildings were built in 2014 and together measure approximately 91,732 square feet in net rentable area. The two-story specialty hospital has 30 inpatient beds, a four-bed intensive care unit, 14 operating rooms, a 24-hour emergency room and an imaging suite. The hospital is 100% leased to Fort Worth Surgicare Partners, Ltd.

The New England Sinai Medical Center measures approximately 180,744 square feet in net rentable area. The property is a 27.9-acre medical center campus comprised of the New England Sinai Hospital, which is a 142-bed, long-term acute care hospital, and an adjoining integrated medical facility property. The New England Sinai Medical Center is 100% leased to the New England Sinai Hospital, a Steward Family Hospital, Inc. property.

“The Baylor Fort Worth Medical Center has been designed and constructed with the fundamental objective of treating patients with the leading technologies in medicine,” says Michael Seton, president and chief investment officer, Carter Validus Advisors II, LLC. “Since its inception, the New England Sinai Hospital has delivered high-quality healthcare services to the greater Boston area. We are pleased to align ourselves with such well-regarded medical organizations and to be able to add these facilities to our portfolio of mission critical assets.”