Carter Validus Mission Critical REIT II, Inc. Acquires Clarion Integrated Medical Facility (IMF) Property
Carter Validus Mission Critical REIT II, Inc. ("CVMC REIT II"), acquired the Clarion IMF property on June 1, 2015, for approximately $6,920,000.
Carter Validus Mission Critical REIT II, Inc. ("CVMC REIT II"), acquired the Clarion IMF property on June 1, 2015, for approximately $6,920,000. The 33,000-sq-ft medical facility property was built in 2012, and is located in Clarion, PA, a northern suburb of Pittsburgh. The Clarion IMF offers a broad range of high-quality comprehensive healthcare services including behavioral health, dental care, primary care and urgent care services. It is 100% leased to The Primary Health Network (the "PHN"). Specializing in providing affordable primary health and subspecialty services, the PHN operates over 45 community healthcare facilities throughout Pennsylvania and Ohio.
"Clarion IMF is a build-to-suit that was designed as a modern multi-specialty facility that incorporates numerous green building attributes," said Michael Seton, president of CVMC REIT II. "We are pleased to add this property to our growing portfolio of real estate assets."
John Carter, chief executive officer of CVMC REIT II, added, "With this acquisition, CVMC REIT II's portfolio totals over $134 million in data center and healthcare investments. We are pleased with this progress as we continue to construct what we believe is an extremely attractive portfolio of mission critical assets for our shareholders."