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 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).

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