Transactions: Carter Validus REIT II acquires large MOB in Michigan for $43.5 million

Completed in 2008, the four-story Women’s Health Center of Western Michigan building at 555 Midtowne St. is home to a variety of tenants. (Photo courtesy of Carter Validus)

GRAND RAPIDS, Mich. – Tampa, Fla.-based Carter Validus Mission Critical REIT II Inc. (CVMC REIT II), non-traded REIT focused on healthcare and data center facilities, recently acquired a four-story, 109,482 square foot MOB in Grand Rapids for $43.5 million, or about $400 PSF, according to data from RCA.

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