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Carter Validus Mission Critical REIT II Sets Date for Offering Close

The board of Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, has determined to terminate the company’s offering on November 24, 2017, according to a filing with the Securities and Exchange Commission. The company noted that the board may revise the offering termination date at its discretion.

As previously reported by The DI Wire, the company registered a $350 million follow-on offering at the beginning of May 2017, which has not yet been declared effective by the SEC. The company originally planned to extend its offering to November 25th or until the follow-on was declared effective, whichever occurred first.

In other company news, the REIT recently purchased three properties for a combined $61.6 million, bringing its total acquisitions in 2017 to 11 properties purchased for nearly $400 million.

Carter Validus Mission Critical REIT II, which invests in net leased data center and healthcare assets, went effective in May 2014 and has raised $1 billion in investor equity, as of July 18th. The REIT’s portfolio is comprised of 62 properties (20 data center and 42 healthcare properties) that were purchased for approximately $1.4 billion.

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