Carter Validus Mission Critical REIT II Declares $9.07 Per Share NAV

The board of Carter Validus Mission Critical REIT II, a publicly registered non-traded real estate investment trust, announced a $9.07 estimated per share net asset value for the company’s class A and class T common stock. This is the first estimated NAV valuation for the company.

CVMC REIT II engaged Robert A. Stanger & Co., an independent third-party valuation firm, to calculate an estimated NAV and an appraised value of 40 of the 42 properties in company’s real estate portfolio. Stanger also considered the book value of the other two development properties, which CVMC REIT II provided.

The board’s audit committee reviewed Stanger’s valuation analysis and estimates and recommended the new NAV estimate which the board adopted. The company noted that the $9.07 per share NAV was solely the decision of the board, which intends to provide future estimates on at least an annual basis going forward.

Carter Validus Mission Critical REIT II, which went effective in May 2014, focuses on net leased healthcare real estate and data center properties. The company has raised $744 million in investor equity since inception and oversees a portfolio of 42 properties (34 healthcare and 8 data centers). Class A shares were originally priced at $10.00 each, and in January 2016, the REIT began offering class T shares priced at $9.57 each.

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