Carter Validus Mission Critical REIT to Explore Strategic Alternatives

Carter Validus Mission Critical REIT Inc., a publicly registered non-traded real estate investment trust that invests in data center and healthcare assets, announced that its board of directors engaged Goldman, Sachs & Co. as a financial advisor to assist the company in exploring “strategic alternatives.”

In the non-traded REIT industry, “strategic alternatives” is typically legalese for liquidity options – normally listing on a public exchange (such as the New York Stock Exchange or NASDAQ), a merger with a publicly traded company, or sale of the company or its assets with proceeds distributed to investors.

Carter Validus says they do not intend to discuss or disclose further developments during the process “unless and until the board has approved a specific action or otherwise determined that further disclosure is appropriate.”

Carter Validus engages in the acquisition of quality income-producing commercial real estate with a focus on data centers and healthcare facilities, preferably with long-term net leases to investment grade and creditworthy tenants. As of June 30, 2015, the company owned 48 real estate investments, consisting of 79 properties located in 44 metropolitan statistical areas. Carter Validus’ data center portfolio consisted of 20 properties located across the United States and its healthcare portfolio consisted of 59 properties with a diversified focus, including medical office buildings, specialty surgical centers, and hospital properties.