Carter Validus Picks Two More
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Carter Validus Mission Critical REIT recently nabbed two more data centers. The Florida company, led by CEO John Carter, reported to the SEC that it bought a 148k SF data center from Duke Realty in Raleigh for $19.5M (leased to four tenants) and a 93k SF data center in Andover, Mass. for $12M, which is fully leased.
Remember the data center Carter Validus bought from Behringer Harvard in Arlington last year? The former owner reported that it sold the 90k SF facility for $25.9M. The facility is completely leased to Atos. It was part of a two-property portfolio Behringers Opportunity REIT I sold to Carter Validus for nearly $50M, the other property being in Plano. Behringer Harvard states in docs that the sale satisfied existing debt on the property, and still gained $8.9M. The fund continues to own 40 acres of land along Bowen Road for a future data center.
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