Carter Validus Mission Critical REIT II and Carter Validus Operating Partnership II to acquire all assets from Carter Validus REIT Management Company II and Carter Validus Advisors II for $40m.

Real estate investment companies Carter Validus Mission Critical REIT II and Carter Validus Operating Partnership II agreed to acquire all assets from Carter Validus REIT Management Company II, a real estate investment trust, and Carter Validus Advisors II for $40m. Carter Validus Mission Critical REIT II intends to change its name to Sila Realty Trust immediately following the closing of the Internalization Transaction. “We are excited to embark on this latest evolution of our Company, a natural progression from our merger last year with Carter Validus Mission Critical REIT, Inc., which we believe strengthens our corporate governance by eliminating many perceived conflicts of interest and better aligning the interests of management with those of our stockholders. Furthermore, we expect that the Internalization Transaction will provide substantial cost savings to the Company over time, better situating the Company to explore potential liquidity options in the future,” Michael Seton, Carter Validus Mission Critical REIT II Chief Executive Officer and President.