TAMPA, Fla.--(BUSINESS WIRE)--Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”) announced that it acquired its first property, Cy-Fair Surgery Center, a 13,645 square foot ambulatory surgery center located in Houston, TX. The facility is located on the campus of Cypress Fairbank Hospital, which offers convenient access for patients and physicians and nearby hospitals that serve as a referral source for new patients.
This facility is 100% net leased to Cy-Fair Surgery Center, LTD, which is co-owned by a group of 20 physicians and Nueterra Holdings, LLC (“Nueterra”). Nueterra has partnered with over 10,000 physicians and 25 health systems which has allowed them to pioneer new ways to unite the healthcare community.
John Carter, CEO of CVMC REIT II stated, “We are thrilled to move forward with the purchase of our first property. The combination of strategic location, long-term triple-net lease and high quality tenant makes this an ideal first acquisition for our company and is consistent with our strategy of acquiring high quality, well located mission critical real estate.”
“Cy-Fair Surgery Center is designed to help physicians provide the highest level of care to their patients,” said Michael Seton, President and Chief Investment Officer, Carter Validus Advisors II, LLC. “We are pleased to align ourselves with such a well-regarded healthcare organization. This dedicated group of physicians has a demonstrated history of providing high quality, individualized, cost-effective healthcare. We are pleased to begin acquiring our portfolio of mission critical assets with high quality tenants like these.”
Carter Validus Mission Critical REIT II, Inc. is a public, non-traded REIT. The REIT intends to acquire mission critical real estate assets located throughout the United States and abroad. Mission critical real estate assets are purpose-built facilities designed to support the most essential operations of tenants. Carter Validus Mission Critical REIT II, Inc. will focus its acquisitions of mission critical assets in the data centers and healthcare sectors.
Nueterra is one of the largest privately held organizations in the U.S. specializing in the development of equity partnerships with health systems, governments, hospitals and physicians. The company owns and manages focused community hospitals, surgical hospitals, ambulatory surgery centers, pathology labs and physical therapy clinics across the U.S., Caribbean and Latin America, and is helping to spearhead the development of innovative healthcare programs and delivery models.
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