Carter Validus Mission Critical REIT Increases Credit Facility to $365,000,000

TAMPA, Fla.--()--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

This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will" and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although the company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The company undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in the company's expectations.

Contacts

Carter Validus Mission Critical REIT, Inc.
John Carter, CEO
813-287-0101

Release Summary

Carter Validus Mission Critical REIT Increases Credit Facility to $365,000,000

Contacts

Carter Validus Mission Critical REIT, Inc.
John Carter, CEO
813-287-0101