Transactions - APRIL 12, 2019

CVMC REIT I to merge with Carter Validus Mission Critical REIT II

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Carter Validus Mission Critical REIT (CVMC REIT I) and Carter Validus Mission Critical REIT II (CVMC REIT II) have entered into a definitive agreement to merge in a stock and cash transaction, creating an entity valued at approximately $3.2 billion.

“We are excited to announce the merger of CVMC REIT I and CVMC REIT II and believe that joining together the two complimentary portfolios creates significant advantages for stockholders of both companies. We expect that the combined company will benefit from increased size and scale, further diversification of tenancy and geography, and the continued guidance of its seasoned management team, culminating in expanded potential liquidity options and resulting value to stockholders,” stated Michael Seton, CEO and president of CVMC REIT I and CVMC REIT II.

The transaction is expected to close in the second half of 2019.

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