Carter Validus Buys Two Data Centers for $34M
ByCarter Validus Mission Critical REIT II has acquired two data centers for an aggregate price of $34.4 million, excluding closing costs and related fees. The two properties are situated in King of Prussia, Pa. and Tempe, Ariz. After closing the deal, the REIT procured a $12.5 million loan with Israel Discount Bank of New York. The company is focused on diversifying its portfolio with health care and data center asset acquisitions.
According to its June portfolio overview, Carter Validus invested more than $1 billion in 20 data centers, including the largest data center in Connecticut. It also acquired 64 health care facilities, with total investments of more than $1 billion. The weighted average occupancy of Carter Validus’ portfolio was at 95 percent…
