Carter Validus Mission Critical REIT, Inc. (“we”, “us,” “our,” or the
“Company”) announced today that it sold the last data center in its data
center asset portfolio for $15.0 million, successfully monetizing all of
its data center assets.
Andover Data Center Sale
On July 25, 2018, the Company sold the Andover Data Center to an
unaffiliated company, for $15.0 million. The property is a
mission-critical data center located in Andover, Massachusetts,
approximately 25 miles north of Boston, and consists of 92,700 rentable
The aggregate net book value of the Andover Data Center, including
intangible assets and liabilities recorded upon acquisition of the
property and straight-line rent receivable, was approximately $10.6
million as of June 30, 2018.
“I am pleased to announce we consummated the sale of our last data
center asset. This latest transaction brings our Company’s strategy to
pursue liquidity for our entire data center portfolio to a successful
conclusion,” stated Michael A. Seton, Chief Executive Officer and
President of the Company.
About Carter Validus Mission Critical REIT, Inc.
Carter Validus Mission Critical REIT, Inc. currently qualifies as a real
estate investment trust and invests in mission critical real estate
assets located throughout the United States. Mission critical real
estate assets are purpose-built facilities designed to support the most
essential operations of tenants.
This press release contains forward-looking statements within the
meaning of federal securities laws and regulations. These
forward-looking statements are identified by their use of terms and
phrases such as “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,”
“should,” “will” and other similar terms and phrases, including
references to assumptions and forecasts of future results.
Forward-looking statements are not guarantees of future performance and
involve known and unknown risks, uncertainties and other factors that
may cause the actual results to differ materially from those anticipated
at the time the forward-looking statements are made. Although the
Company believes the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, it can give no
assurance that the expectations will be attained or that any deviation
will not be material. The Company undertakes no obligation to update any
forward-looking statement contained herein to conform the statement to
actual results or changes in the Company’s expectations.
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