Carter Validus Mission Critical REIT II Acquires New Integrated Medical Facility Property

TAMPA, Fla.--()--Carter Validus Mission Critical REIT II, Inc. (“CVMCR II”) announced that it acquired its second healthcare property, Mercy Healthcare Facility, a 14,868-square-foot integrated medical facility located in Cincinnati, OH.

The facility was built in 2001, and includes 22 examination rooms as well as two phlebotomy areas. Physicians practicing in the facility focus on the areas of neurology, gastroenterology, primary care, and endoscopy.

The property is 100% leased to Mercy Health Physicians Cincinnati LLC, a wholly owned subsidiary of Mercy Health. Mercy Health operates over 100 healthcare facilities, including 24 hospitals, 26 diagnostic imaging centers, 16 ambulatory surgical centers and eight long-term care facilities.

“Since its inception, Mercy Health has delivered high-quality healthcare to the Greater Cincinnati area,” said Michael Seton, President and Chief Investment Officer, Carter Validus Advisors II, LLC. “This experience, combined with nationally-recognized patient safety and quality,* brings an outstanding level of care to the community. We are pleased to be working with high-quality tenants like Mercy Health and to be able to add this facility to our portfolio of mission critical assets.”

Gary Fisher of NAI Bergman represented the seller.

About Carter Validus Mission Critical REIT II, Inc.

Carter Validus Mission Critical REIT II, Inc. is a public, non-traded company that intends to qualify as a real estate investment trust (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.

*Four of Mercy Health’s hospitals are recipients of the Distinguished Hospital Award for Patient Safety by a leading national healthcare monitoring organization. *Three Mercy Hospitals have been named among the nation’s 100 Top Hospitals

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
Stacy Sheedy, 813-316-4292
Marketing Manager
ssheedy@cvreit.com

Release Summary

Carter Validus Mission Critical REIT II Acquires New Integrated Medical Facility Property

Contacts

Carter Validus
Stacy Sheedy, 813-316-4292
Marketing Manager
ssheedy@cvreit.com