Carter Validus Mission Critical REIT
"Mission Critical" real estate assets are purpose-built facilities that have been designed to support the most essential operations of high growth industries. CV Mission Critical REIT anticipates employing a unique "mission-critical" investment strategy focused on Data Center and Healthcare properties.
REIT Name: Carter Validus Mission Critical REIT
IPO Date: December 2010
Total Equity Raised: $1.72 billion
Property Focus: Data centers, medical (net-leased)
Total Properties: 49
Advisor: Carter/Validus Advisors
Share Redemption Plan: Yes
Carter Validus Mission Critical REIT. Began IPO in December 2010 and terminated this offering on September 6, 2014, after raising approximately $1,716,046,000. As of June 30, 2016, has completed 49 acquisitions comprised of 94 bldgs. and parking facilities totalling 6.16 million square feet of gross leasable area for a total purchase price of $2,189,062,000. These properties are 98% leased and consist of data centers and medical facilities. Has also invested in a private real estate company in the amount of $127.1 million. Total borrowings were 37% of total assets at end of June. FPO per share for the second quarter was $0.183, up 2% from $0.179 for the same period last year. Dividends-to-FPO ratio for the second quarter was 95%. MFPO per share for the second quarter was $0.156, up 4% from $0.150 for the same period last year. Dividends-toMFPO ratio for the second quarter was 112 % . Same-property rental and parking revenues increased 6 % for second quarter over last year. Repurchased $17 .0 million of common shares in first half of 2016. Company has solicited and received shareholder approval for changes to make its charter consistent with exchange-listed REITs. Has reported a share value of $10.05, as of September 30, 2015. The company has concluded its process with Goldman, Sachs & Co. to explore strategic alternatives.
Data referenced from the Direct Investments Spectrum