Carter Validus Adds Key Acquisitions to Mission Critical REIT II
July 26, 2016 | by Beth Glavosek | Blue Vault
Carter Validus Mission Critical REIT II, Inc. (CVMC REIT II) announced this week that it has acquired several health care and technology-related properties, representing more than $56 million in investment.
Consistent with the REIT’s objective to acquire “mission critical” data center and health care real estate assets in the U.S. and abroad, it has added three assets to its current portfolio:
- A parcel of land in Las Vegas, Nevada that’s the site for a brand-new Post Acute Las Vegas Rehabilitation Hospital under construction to become a two-story, 44-bed inpatient rehabilitation facility with approximately 56,220 rentable square feet. The facility is 100% net leased for a 20-year term and expected to be completed in August 2017.
- Somerset Data Center in Somerset, New Jersey, a 36,114-square-foot facility on a 2.88-acre parcel. Somerset Data Center is currently 100% triple-net leased to Datapipe, Inc. for a 12.08-year term. The building was gut renovated in 2006, and significant improvements have been made to the property within the last year.
- Integris Lakeside Women’s Hospital, a 23-bed, two-story 62,857-square-foot specialty hospital in Oklahoma City, Oklahoma. The facility is 100% triple-net leased to Lakeside Women’s Hospital, LLC.
“Mission critical” real estate is defined as assets that are specifically designed to support tenants’ critical operations.