Non-traded REIT, Carter Validus Mission Critical REIT II, announced that its board of directors has approved a distribution to the company’s stockholders.
The authorized distribution will be paid to stockholders of record as of the close of business on each day. It will commence on the closing date of the company’s first acquisition and continue until August 31, 2014.
Based on 365 days per calendar year, the distribution was calculated to equal to $0.001753425 per share of Class A and Class T common stock. The distributions for July 2014 will be paid in August 2014 and the distributions for August 2014 will be paid in September 2014. The distribution will be paid from available legal funds.
Incorporated in January 2013, Carter Validus Mission Critical REIT II was declared effective on June 24, 2014.
It seeks to acquire a portfolio of real estate assets that are mission critical. Mission critical real estate assets are defined as those which are purpose-built and are designed to handle the essential needs of the tenant.
Through its dealer manager, SC Distributors, LLC, the REIT is offering up to $2,350,000,000 of shares of common stock.