TAMPA, Fla.--(BUSINESS WIRE)--Carter Validus Mission Critical REIT, Inc. (“CVMC REIT”) announced that it has closed on the increase of its credit facility which now totals $365,000,000. The facility was increased from $225,000,000 through the combination of adding three new banks as well as increased committed amounts from the existing lending group. CVMC REIT has added American Momentum Bank, RBS Citizens and United Community Bank.
"We appreciate the confidence and commitment that each of our banking partners have made to our company,” stated Michael Seton, President of Carter Validus Advisors. “This increased credit facility offers us greater flexibility to capitalize on the growing number of real estate opportunities in our pipeline. We believe our ability to add such high quality lenders is a testament to our unique investment strategy and the significant progress we have made to date.”
CVMC REIT is a real estate investment trust that 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. CVMC REIT focuses its acquisitions on mission critical assets in the data center and healthcare sectors.
Forward-Looking Statements
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