Home News Carter Validus Mission Critical REIT II Invests $55 Million in Two Deals

Carter Validus Mission Critical REIT II Invests $55 Million in Two Deals

Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust that focuses on data center and healthcare assets, acquired the Houston Surgical Hospital and Long Term Acute Care Hospital in Texas and the Eagan Data Center in Minnesota.

On June 30, Carter Validus Mission Critical REIT II purchased the 102,369-square-foot Houston Surgical Hospital and Long Term Acute Care Hospital, a multi-tenant healthcare facility which houses a 25-bed multi-specialty surgical hospital with six operating rooms focused on orthopedic and spine surgeries. The property also includes a 35-bed long-term acute care hospital, as well as a specialized robotics training facility. The facility was purchased for $49.3 million and is 100 percent occupied by Victory Medical Center Houston, LP and CHG Cornerstone Hospital of South Houston, LP

On June 29, the REIT purchased the 87,402-square-foot Eagan Data Center, a single-story facility that houses a powered shell colocation data center that is certified by Uptime Institute as a Tier III facility with 10 megawatts of capacity. Located in Eagan, Minnesota, the recently renovated data center was purchased for $5.8 million and is 100 percent leased to DataBank Holdings LTD on a triple net basis with a remaining lease 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.

Carter Validus Mission Critical REIT II Inc. is a public, non-traded company that seeks to acquire data center and healthcare real estate assets located throughout the United States and abroad. With these acquisitions, the REIT’s portfolio now totals more than $215 million in assets based on purchase price.