Carter Validus Mission Critical REIT II, Inc. Acquires Clarion Integrated Medical Facility

Carter Validus Mission Critical REIT II, Inc., which focuses on data center and healthcare investments, acquired the Clarion Integrated Medical Facility for approximately $6.9 million. The 33,000-square-foot property, which is located in the Pittsburgh suburb of Clarion, PA, provides a broad range of healthcare services including behavioral health, dental care, primary care and urgent care services.

The facility is 100 percent leased to The Primary Health Network, a medical service provider that operates in more than 45 community healthcare facilities throughout Pennsylvania and Ohio.

“Clarion IMF is a build-to-suit that was designed as a modern multi-specialty facility that incorporates numerous green building attributes,” said Michael Seton, president of Carter Validus Mission Critical REIT II. “We are pleased to add this property to our growing portfolio of real estate assets.”

With this acquisition, the Carter Validus Mission Critical REIT II portfolio now totals more than $134 million, based on aggregate purchase price.