Home News Carter Validus Mission Critical REIT II to Offer Class T2 Shares Next...

Carter Validus Mission Critical REIT II to Offer Class T2 Shares Next Month

Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, will begin offering Class T2 shares of common on March 15, 2018.

Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, will begin offering Class T2 shares of common stock on March 15, 2018, according to a filing with the Securities and Exchange Commission.

The REIT will stop offering Class T shares at the close of business on March 14, 2018 but will continue to offer Class T distribution reinvestment shares. The company said the decision was based on recent regulatory developments and trends related to non-traded alternative investment products.

Class T2 shares will be priced at $9.71 each and include a 3.0 percent selling commission, 2.5 percent dealer manager fee, and an annual 1.0 percent distribution and servicing fee. Class T2 shares have an annualized distribution rate of 5.72 percent, assuming a purchase price of $9.714 per share.

Class T shares are priced at $9.77 each have a 3.0 percent selling commission, a 3.0 percent dealer manager fee, and 1.0 percent annual distribution and servicing fee. Class T shares have an annualized distribution rate of 5.68 percent, assuming a purchase price of $9.766 per share.

Class A shares are priced at $10.20 each and include a 7.0 percent selling commission and 3.0 percent dealer manager fee. Class A shares have an annualized distribution rate of 6.40 percent, assuming a purchase price of $10.20 per share.

Class I shares are priced at $9.27 each and include a 1.0 percent dealer manager fee. Class I shares have an annualized distribution rate of 7.04 percent, assuming a purchase price of $9.273 per share.

Class A shares and Class T2 shares are available for purchase through brokerage and transaction-based accounts. Class I shares are available through fee-based programs and to institutional investors. The initial minimum purchase is $2,000 for Class A, Class I, and Class T2 shares.

Carter Validus Mission Critical REIT II invests in net leased data center and healthcare assets and raised more than $1.3 billion in investor equity since launching in May 2014. The REIT’s $1.6 billion portfolio is comprised of 70 properties (25 data center and 45 healthcare properties).

For more on the SC Distributors platform of products, visit their directory page here.