Carter Validus Mission Critical REIT Increases Credit Facility to $225,000,000
(Tampa, FL) Carter Validus Mission Critical REIT, Inc. (“CVMC REIT”) announced today that it has closed on the increase of its credit facility which now totals $225,000,000. The facility was increased from $110,000,000 through the combination of adding four new banks and additional committed amounts from the existing lending group. CVMC REIT’s lenders now include KeyBank, as Sole Lead Arranger and Administrative Agent, Bank of America as Syndication Agent, Capital One as Documentation Agent, Texas Capital, Cadence Bank, Synovus Bank, SunTrust Bank, and Eastern Bank.
"We appreciate the confidence and commitment that each of our banking partners have made to our company” stated Michael Seton, President of Carter Validus Advisors. “We look forward to a mutually beneficial relationship with each of our lenders as we continue to successfully execute on our strategy of buying high quality net lease assets in the technology and healthcare sectors."
John Carter, CEO of CVMC REIT adds that, “This increased credit facility offers us greater flexibility to capitalize on the growing number of real estate opportunities in our pipeline. We believe our ability to add such high quality lenders to our facility is a testament to our unique investment strategy and the significant progress we have made to date.”
CVMC REIT 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. CVMC REIT focuses its acquisitions of mission critical assets in the data center and healthcare sectors.
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.
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CEO – Carter Validus Mission Critical REIT, Inc.
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