Tampa-based Carter Validus Mission Critical REIT II has acquired a nine-property portfolio of medical-related buildings in Oklahoma. The $116.5 million purchase is 100 percent occupied by Healthcare Partners and its physicians, which operates medical clinics throughout Oklahoma. Carter Validus expects its new asset to generate a 7.2 percent return on the properties which have remaining terms ranging from 10 years to 15 years. The Carter Validus deal marks the second major portfolio acquisition the non-traded REIT has completed in as many years, having spent $117 million on nearly two dozen medical buildings in five states from cancer care provider 21st Century Oncology.
āWe seek to add value with the addition of assets,ā Carter Validus President Michael Seton says in a statement. He described the purchase as an āideal acquisitionā for the real estate investment trust. Two of the Healthcare Partnersā buildings contain 45 acute care hospital beds. The balance of the 328,000-square- foot portfolio is comprised of specialty care, offices, physician practices and related space.
