Tampa, FL – September 1, 2015 – Carter Validus Mission Critical REIT II, Inc. (“CVMCR II”) acquired over $55 million in healthcare and data center real estate property in late June 2015. With these acquisitions, the CVMCR II portfolio now totals over $215 million in assets based on purchase price.
Details of the recent acquisitions are as follows:
Houston Surgical Hospital and LTACH (Long Term Acute Care Hospital)
- Date acquired: June 30, 2015
- Purchase price: $49,250,000
- Location: Houston, TX
- Square feet: 102,369
- Occupancy: 100%
- Major tenants: Victory Medical Center Houston, LP (a subsidiary of Nobilis Health Corp.) and CHG Cornerstone Hospital of South Houston, LP
- This multi-tenant healthcare facility houses a 25-bed multi-specialty hospital with six operating rooms focused on orthopedic and spine surgeries. It also houses a 35-bed long-term acute care hospital as well as a specialized robotics training facility.
Eagan Data Center
- Date acquired: June 29, 2015
- Purchase price: $5,800,000
- Location: Eagan, MN
- Square feet: 87,402
- Occupancy: 100%
- Major tenants: DataBank Holdings, LTD.
- This newly renovated* single-story data center property houses a powered shell colocation data center that is certified by Uptime Institute as a Tier III facility with 10 megawatts of capacity. The property is 100% leased to DataBank Holdings, LTD., on a triple net basis for a remaining initial term of 14.25 years.
“These transactions represent additional progress in the evolution of CVMCR II’s portfolio, adding our largest single healthcare asset to date and another high-quality data center property to the existing portfolio,” said Michael Seton, President of CVMCR II. John Carter, Chief Executive Officer of CVMCR II added, “We believe that our advisor’s ability to secure investments of this quality in the two high-growth industries of data centers and healthcare should allow us to continue to build a well-balanced portfolio that provides value for investors.”
*Renovations were completed in May 2015
Click here to see CVMC REIT II’s full Property Gallery.
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