CVMC REIT II Acquires Healthcare, Data Center Properties for $58.9M

WACO, SHERMAN AND FORT WORTH, TEXAS — Carter Validus Mission Critical REIT II (CVMC) has acquired a portfolio comprising healthcare properties and a data center in Texas for $58.9 million. CVMC acquired the Heritage Park Portfolio on Nov. 20, 2015, for $33.9 million. The Heritage Park Portfolio consists of two healthcare properties located in Sherman that are 100 percent leased: 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 that was built in 2005 and renovated in 2010 to become a full-service surgical hospital. Heritage Park Surgical Hospital 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. In addition to the Heritage Park Portfolio, CVMC acquired Baylor Surgery Center at Fort Worth, a one-story, 36,800-square-foot ambulatory surgery center located on 3.5 acres. The property, located one mile from Baylor Surgical Hospital at Fort Worth, was built in 1998 and renovated in 2015 to house 10 operating rooms and an MRI suite. Baylor Surgery Center supports an average of 9,500 surgeries per year. CVMC acquired the 100 percent leased property on Dec. 23 for $14.4 million. CVMC’s last acquisition was Waco Data Center, a three-story colocation data center property with 31,474 square feet of data center floor space. CVMC acquired the 100 percent leased property on Dec. 30 for $10.7 million.