Which two nontraded REITs recently approved a merger, creating a REIT with a portfolio of 116 healthcare properties and 29 data center properties?
Answer: Carter Validus Mission Critical REIT‘s shareholders approved a merger with Carter Validus Mission Critical REIT II, creating a REIT with 145 properties with approximately 8.3 million square feet of rentable square feet. Carter Validus Mission Critical REIT’s shareholders will receive $1.00 in cash and 0.4681 shares of Class A common stock in Carter Validus Mission Critical REIT II, the surviving entity, for each share of common stock in Carter Validus Mission Critical REIT.
