Carter Validus REIT Reportedly Eyeing Company Sale
Carter Validus Mission Critical REIT Inc., a publicly registered non-traded real estate investment trust, is reportedly exploring a sale potentially valued at more than $3.5 billion, according to a Reuters report citing anonymous sources familiar with the matter.
The REIT closed its initial public offering in June 2014 after raising $1.8 billion in investor equity, and currently oversees a portfolio of 20 data center and 66 healthcare properties with a combined acquisition cost of $2.2 billion.
The company is reportedly considering two separate transactions for its data center and medical properties. The sources also said that the data center portion of the portfolio could sell for more than $1 billion.
In September 2015, the board hired Goldman, Sachs & Co to as a financial advisor to help the company explore strategic alternatives. Following the review, the company decided to keep its options open and not engage in a sale or listing at that time.
Carter Validus Mission Critical REIT recently approved a net asset value of $10.02 per share, as of September 30, 2016. Shares were originally sold for $10.00 each.
Carter Validus did not respond to requests for comment at press time.
