Thursday, October 19, 2017

Carter Validus data centre CAPEX tops $330m in six months

With seven data centres acquired in recent months, Carter Validus is one of the most active organisations in the acquisitions scene.

Non-traded real estate investment trust Carter Validus Mission Critical REIT II has topped $328.9m in data centre acquisitions carried out in the last six months.

The last property to be added to the company’s portfolio of 20 data centres is a 52,924 sqf centre in Charlotte, North Carolina.

The colocation facility was purchased for $16.4m and is 100% leased.

The Charlotte data centre has now become part of the REIT’s portfolio of 20 buildings located across North America.

John E. Carter, Chief Executive Officer of CV Mission Critical REIT II, said: “We are pleased to add this data centre property to our growing portfolio of data centre and healthcare real estate assets.

“Ideally located and fully leased to a leading global technology company, we believe this investment will translate into added value for our stockholders.”

Michael A. Seton, President of CV Mission Critical REIT II, said: “Given our many accomplishments since inception, our advisor’s forward-looking business model, and our ability to continue to execute our proven investment strategy through completing acquisitions such as this, we believe our company is positioned for continued success.”

Carter Validus latest data centre acquisitions: