Carter Validus Mission Critical REIT II, Inc. Acquires $16.4 Million Data Center in Charlotte, North Carolina

TAMPA, Fla.--()--Carter Validus Mission Critical REIT II, Inc. (“CV Mission Critical REIT II”), a non-traded real estate investment trust focused on assembling a portfolio of net leased data center and healthcare assets, acquired the Charlotte Data Center II property on May 15, 2017, for an aggregate purchase price of approximately $16.4 million. The 100% leased colocation data center is 52,924 rentable square feet and is situated within the Charlotte-Concord-Gastonia NC-SC Metropolitan Statistical Area (“MSA”) in what CV Mission Critical REIT II believes to be a desirable location for data center operations due to the site’s low energy costs, abundant and reliable power, and ease of accessibility.

“We are pleased to add this data center property to our growing portfolio of data center and healthcare real estate assets. Ideally located and fully leased to a leading global technology company, we believe this investment will translate into added value for our stockholders,” said John E. Carter, Chief Executive Officer of CV Mission Critical REIT II.

Michael A. Seton, President of CV Mission Critical REIT II, added, “Given our many accomplishments since inception, our advisor’s forward-looking business model, and our ability to continue to execute our proven investment strategy through completing acquisitions such as this, we believe our company is positioned for continued success.”

About Carter Validus Mission Critical REIT II, Inc.:

Carter Validus Mission Critical REIT II, Inc. is a public, non-traded company headquartered in Tampa, Florida that has elected to be taxed, and believes it qualifies, as a real estate investment trust for federal income tax purposes. Carter Validus Mission Critical REIT II, Inc. 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. intends to continue to focus its acquisitions on mission critical assets in the data center and healthcare property sectors. See www.cvmissioncriticalreit2.com for more information.

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 CV Mission Critical REIT II 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. CV Mission Critical REIT II undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in CV Mission Critical REIT II’s expectations.

Contacts

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

Contacts

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