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New Deal


Announced

Completed

Carter Validus Mission Critical REIT II completed the merger with Carter Validus Mission Critical REIT for $3.2bn.

Financials

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Transaction Value£2,446m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

real estate investment trust

Merger

Private

commercial real estate

Commercial REITs

Single Bidder

Friendly

Completed

Majority

Synopsis

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Carter Validus Mission Critical REIT completed its $3.2bn merger with Carter Validus Mission Critical REIT II. Both companies are registered, non-traded real estate investment trusts focused on investing in income-producing commercial real estate. Following the merger, the Company is comprised of 150 healthcare and data center properties encompassing 8.7m square feet located across 33 states. "We believe CVREIT is an excellent complement to our portfolio, bolstering our healthcare investment portfolio and supporting our growth strategy through increased size and scale as well as further diversification of our existing tenancy and geographic distribution. We look forward to continuing to demonstrate value creation for our stockholders." Michael A. Seton, CVREIT CEO and President.

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