Carter Validus Mission Critical REIT, Inc. Acquires New Properties
The data center and health care properties are located in Georgia.
Carter Validus Mission Critical REIT, Inc. ("CVMC REIT") acquired the Alpharetta Data Center II property for $56.7 million in the fourth quarter of 2014, and the Landmark Hospital of Savannah property for $20.2 million in January 2015.
Alpharetta Data Center II is a 165,000-sq-ft enterprise data center facility located in Alpharetta, Georgia. Situated on 14.40 acres, the facility was purpose-built in 1999 to serve as the primary operations center for a financial services company. It was designed to be fault-tolerant and withstand winds up to 200 MPH. The data center supports 10 MW of total load, which is fed from redundant utility substations. It is served by four fiber providers, and includes 50,440 sq ft of 36-in. raised floor and 59,746 sq ft of supporting infrastructure.
Landmark Hospital of Savannah is a 48,184-sq-ft, 50-bed Long-Term Acute Care Hospital (LTACH). Primary services offered at the LTACH include the long-term treatment of patients needing specialized intensive or acute care. The property is located in Savannah, Georgia, the fourth largest city in the state.
"The addition of both the Alpharetta Data Center II and the Landmark Hospital of Savannah properties is representative of our commitment to acquire high-quality, mission critical assets in the health care and data center industries," said John Carter, chief executive officer of CVMC REIT.