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Carter Validus Mission Critical REIT Reports Second Quarter 2016 Results

Carter Validus Mission Critical REIT Inc., a publicly registered non-traded real estate investment trust, announced its operating results for the second quarter ended June 30, 2016.

Portfolio Overview (as of June 30, 2016):

• Owned 49 real estate investments (including one real estate investment owned through a consolidated partnership) consisting of 84 properties located in 46 metropolitan statistical areas.

• The company’s property portfolio was comprised of 94 buildings and parking facilities totaling approximately 6.2 million square feet of gross rentable area (excluding parking facilities).

• The company’s property portfolio had a total purchase price of $2.2 billion and a weighted average occupancy rate of 98 percent.

2016 Second Quarter Highlights and Accomplishments:

• Net income attributable to common stockholders totaled approximately $16.9 million for the second quarter, compared to $16.8 million for the second quarter of 2015, or a 1 percent. increase.

• Net operating income totaled approximately $51.7 million for the second quarter representing an increase of approximately 13 percent compared to NOI of approximately $45.6 million for the second quarter of 2015.

• Funds from operations attributable to common stockholders equaled approximately $33.5 million for the second quarter, representing an approximate year-over-year growth of 5 percent compared to $31.9 million in the second quarter of 2015.

• Modified funds from operations attributable to common stockholders equaled approximately $28.5 million for the second quarter, representing a year-over-year growth of approximately 7 percent compared to last year’s MFFO of $26.7 million.

According to Summit Investment Research, Carter Validus Mission Critical REIT covered its 7.00 percent distribution in the second quarter with a 108 percent coverage ratio. For full year 2015, the REIT had a distribution coverage ratio of 103 percent.

Carter Validus Mission Critical REIT’s acquisition focus is on data centers and healthcare facilities, preferably with long-term net leases to investment grade and creditworthy tenants. The REIT closed its public offering in June 2014 and has raised $1.8 billion in investor equity since inception. As of June 30, 2016, the company’s data center portfolio consisted of 20 properties and its healthcare portfolio consisted of 64 properties with a focus on medical office buildings, specialty surgical centers, and hospital properties.

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