Carter Validus Mission Critical REIT Acquires AT&T Data Center Property

TAMPA, Fla.--()--Carter Validus Mission Critical REIT, Inc. announced that it has purchased its second AT&T Data Center property via a sale-leaseback transaction for approximately $110,000,000. The property is situated in Brentwood, TN and is within close proximity to Nashville, one of the largest metropolitan statistical areas in the Southern United States.

The property, 100% leased to AT&T Services, Inc., is a single-tenant data center that serves as AT&T's main communications hub for the Tennessee and Kentucky regions. The facility has over 103,000 square feet of raised floor white space and 75,000 square feet of mechanical space, with the remainder utilized for engineering and support functions.

“This acquisition continues to reinforce our commitment to purchase high quality, mission critical real estate leased to creditworthy tenants in strategic markets throughout the United States,” said Michael Seton, President and Chief Investment Officer, Carter/Validus Advisors, LLC.

Carter Validus Mission Critical REIT, Inc. 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. Carter Validus Mission Critical REIT, Inc. focuses its acquisitions of 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 confirm 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 Acquires AT&T Data Center Property

Contacts

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