Carter Validus Mission Critical REIT has just bought its third AT&T data center. (AT&T data centers are like Pringles or episodes of Breaking Bad, once you start you cannot stop.)
The company released info on the SEC that it bought a 500k SF data center in San Diego from Pacific Bell Telephone Co for $134.5M. "The acquisition was funded by net proceeds from the company's ongoing initial public offering and its existing line of credit," officials stated in docs. AT&T will lease the facility for five years for a total $9M rent. This is the third AT&T data center facility Carter-Validus has acquired this year, including Tennessee and Wisconsin (above, which we reported here).
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