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Carter Validus continues buying spree

October 31, 2016

Carter Validus continues buying spree

October 28, 2016 | BY: KEVIN MCQUAID | Business Observer

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With a deal to acquire a California data center operated by AT&T, Carter Validus Mission Critical REIT II has pushed its total 2016 purchases above $350 million, records show.

The Tampa-based real estate investment trust, which specializes in medical office buildings, health care facilities and other “critical” buildings, bought the Hawthorne, Calif., building last month for $79.5 million.

Including the acquisition, Carter Validus has purchased 16 properties this year in eight states, for a total of $356.5 million, its website indicates.

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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
July 7, 2015

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.