Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, plans to close its follow-on offering on November 27, 2018, 12 months after it was declared effective by the Securities and Exchange Commission.
The follow-on offering for up to $1 billion in shares of common stock raised $72 million as of June 2018. The company previously disclosed that it would offer shares for a period of 9-12 months.
In other company news, earlier this month the REIT purchased a Class A medical office building located in the Dallas suburb of Carrollton, Texas for approximately $8.5 million.
Carter Validus Mission Critical REIT II invests in net leased data center and healthcare assets and raised approximately $1.3 billion in investor equity since launching its primary offering in May 2014, according to Summit Investment Research. The REIT’s $1.6 billion portfolio was comprised of 73 properties (27 data center and 46 healthcare properties) as of May 24, 2018.
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