CVMC REIT II Grabs Data Centers in Northern VA
By
John Carter, CEO, CVMC REIT II
McLean, Va.—Carter Validus Mission Critical REIT II Inc., which focuses on the data center and health care sectors, recently expanded its holdings in the former category with the acquisition of the McLean Data Center Portfolio, a 128,000-square-foot campus in the Northern Virginia city of McLean. CVMC REIT II shelled out $85 million in cash for the two-building asset, which marks the company’s entrée into the incessantly hot Northern Virginia data center market.
The McLean Data Center Portfolio hits the mark for the firm. “As we continue to execute our mission critical, income-producing real estate investment strategy, our goal is to make decisions which will benefit stockholders, tenants and capital partners. We believe this high-quality acquisition accomplishes that,” John E. Carter, CEO of CVMC REIT II, said in a prepared statement…
