Carter Validus portfolio balloons

Tampa-based Carter Validus Mission Critical REIT II Inc. has invested more than $444 million since the start of this year to add to its portfolio of healthcare and data-oriented buildings, a study of its holdings show.

The real estate investment trust's latest acquisition came earlier this month, when it bought a nearly 1 million-square-foot property in Atlanta for $166 million.

The building at 250 Williams St. NW is currently 87.8% committed to a dozen tenants, including the American Cancer Society's headquarters. The nine-story structure also is within walking distance of the REIT's Peachtree Data Center property, also in downtown Atlanta.

John Carter, the company's CEO, says in a statement that Carter Validus was attracted to both the building's “credible tenant mix” and its “plethora of value-add opportunities.”

In all, Carter Validus has added 762,389 square feet of space to its portfolio in 10 buildings in Massachusetts; Connecticut; Illinois; Texas; Michigan; and South Carolina.