TAMPA, Fla. -- (BUSINESS WIRE) -- Carter Validus Mission Critical REIT, Inc. (“CVMC REIT”) announced that it acquired $52,130,500 in mission critical real estate assets during the month of August, bringing the total investment amount in its portfolio to $601,714,340, consisting of 1.9 million rentable square feet across fourteen states. The August acquisitions include:
CVMC REIT’s strategy continues to focus on acquiring high quality, long-term net leased data center and healthcare properties throughout the United States that are “mission critical” or essential to the successful operations of its tenants.
• Total investments $601,714,340
• Occupancy is 100%
• Weighted average remaining lease term of the portfolio is approximately 12 years
• Average annual rental rate increases of 2.2%
“We are delighted with our ability to consistently execute on our focused strategy of acquiring mission critical real estate assets across the country,” said John Carter, CEO of CVMC REIT.
*Information is presented as of August 31, 2013
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