Mission Critical Real Estate Assets Company Carter Validus Mission Critical REIT II Purchases Data Center Property

May 30, 2015
Mission Critical Real Estate Assets Company Carter Validus Mission Critical REIT II Purchases Data Center Property
Mission critical real estate assets company Carter Validus Mission Critical REIT II, Inc. has purchased its first data center property. The company, which has headquarters in Tampa, Florida, USA, specializes in acquiring "mission critical real estate assets" in the United States (and elsewhere) which are purpose-built to support their tenants' operations. At present it is focusing on the healthcare and data center sectors. Carter Validus Mission Critical REIT II purchased the Indianapolis Data Center (IDC) on April 1, 2015.

Located in Indianapolis, Indiana, USA, IDC is a 40,000 square-foot facility that is designed specifically for web hosting. It boasts a electrical load capability of 3 megawatts which is powered by two separate utilities. The data center was acquired from Online Tech, Inc., a company which specializes in enterprise cloud hosting and colocation. The company has five data centers in the Midwest of the USA, each of which are HIPAA, PCI, SOC 2 and Safe Harbor audited. The cost of the IDC deal was $7,500,000, and the property was immediately leased back to Online Tech.

“We are excited to collaborate with Online Tech and announce our first data center acquisition for CVMC REIT II,” explained CVMC REIT II's President, Michael Seton. “The IDC’s ideal location, strong tenant, reliability, and state-of-the art technology make this asset a great addition to our portfolio.”

“We believe that acquisitions of high-quality data center real estate properties, like the IDC, align well with our mission critical strategy and add significant value to CVMC REIT II and to our investors,” added CVMC REIT II's CEO, John Carter.

Do you know of any other companies involved in data center deals? Let us know the details. Add your comments below.



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