REIT Acquires Boston Area Data Center

REIT Acquires Boston Area Data Center

Tampa, FL – April 11, 2013 – (RealEstateRama) — Carter Validus Mission Critical REIT, Inc.announced today that it has purchased a data center property in Andover, Massachusetts for $12,000,000. The property is situated 25 miles north of Boston in an area that caters to financial, education, healthcare, technology and biotech users.

The property is 100% leased under a long term, net lease to a leading provider of advanced network communications, including cloud computing and managed services. The purpose-built facility, originally constructed as a build-to-suit for a major telecommunications company, totals 92,700 square feet and has benefited from extensive capital investment by the current tenant.

“We are pleased to continue to expand our diversified portfolio of mission critical real estate assets throughout key markets across the United States,” said John Carter, CEO of Carter Validus Mission Critical REIT, Inc.

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. 

Media Contact:
John Carter
CEO – Carter Validus Mission Critical REIT, Inc.
813-287-0101

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.

Previous articleLetter Challenges Decision to Withhold Documents from Congress on
Next articleDepartment of Justice FY 2014 Budget Request