Baylor Surgery Center at Fort Worth is one of several properties recently acquired by Carter Validus Mission Critical REIT II Inc.
The Tampa-Fla.-based real estate investment trust snapped up the Fort Worth property as part of $58.9 million in health care and data center acquisitions.
“Our acquisition expertise and strategic partnerships continue to drive transaction volume and present accretive opportunities for CVMC REIT II,” said Michael A. Seton, company president, commenting in a news release.
“Investments such as these demonstrate our commitment to building a strong and diversified portfolio that we believe will create value for stockholders,” Seton said.
The acquisitions are:
· Baylor Surgery Center at Fort Worth, a single-story, 36,800-square-foot ambulatory surgery center located on 3.52 acres at 1800 Park Place Ave. about one mile from its affiliated hospital, Baylor Surgical Hospital at Fort Worth. Baylor was acquired by CVMC REIT II on Dec. 23, 2015, for about $14,357,550 and is 100-percent leased.
· The Heritage Park Portfolio was acquired by CVMC REIT II on Nov. 20, 2015, for about $33,940,000. The Heritage Park Portfolio comprises two fully leased health care properties in Sherman north of Fort Worth: Heritage Park – Sherman I (“Heritage Park Surgical Hospital”) and Heritage Park – Sherman II (“Visionary Medical Imaging”). Heritage Park Surgical Hospital is a 57,576-square-foot medical facility built in 2005 and renovated in 2010 to become a full-service surgical hospital. It houses eight operating suites, three procedure rooms and 14 private recovery rooms, and supports an average of 15,000 surgeries per year. Visionary Medical Imaging, an 8,055 square foot medical imaging center located adjacent to Heritage Park Surgical Hospital, was built in 2005 and offers MRI, CT, x-ray, and bone density scanning services.
· Waco Data Center is a three-story co-location data center property in Waco with 31,474 square feet of data center floor space. The facility is networked by eight fiber network providers and is the only carrier-neutral Tier III data center within 80 miles in all directions from the natural intersection of the Houston, Austin and Dallas-Fort Worth metro areas. Waco was acquired by CVMC REIT II on Dec. 30, 2015, for about $10,700,000 and is 100 percent leased.
“Adding these outstanding properties to our portfolio further demonstrates our acquisition strategy to invest in high-quality properties within the data center and healthcare industries,” said John E. Carter, chairman and CEO of CVMC REIT II.
More information about Carter Validus Mission Critical REIT II Inc. is available at http://www.cvmissioncriticalreit2.com.