Carter Validus REIT Drops $117M On 20 Medical Buildings

Law360, Los Angeles (May 21, 2015, 3:35 PM EDT) -- Carter Validus Mission Critical REIT has purchased a 20-building radiation oncology real estate portfolio leased to affiliates of 21st Century Oncology Inc. for $117 million, the Florida-based real estate investment trust said Wednesday.

For Carter Validus, the acquisitions follow a string of similar multistate portfolio purchases last year. The latest deal comprises properties with more than 220,000 square feet of rentable space, located in California, Florida, Nevada, Kentucky and West Virginia.

"This transaction is exemplary of [Carter Validus'] commitment to acquire high-quality assets," John Carter, the REIT's chairman and CEO, said in a statement Wednesday. "We are pleased to now partner...

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