Carter Validus Mission Critical REIT, Inc. (CVREIT) and Carter Validus Mission Critical REIT II, Inc. (CVREIT II) have each announced that Michael Seton has assumed the title and role of chief executive officer, effective immediately, from John Carter who resigned as chief executive officer of the CVREIT and CVREIT II.
Carter will continue to serve as chairman of the board of directors of CVREIT and CVREIT II, and Seton will continue to serve as a president of CVREIT and CVREIT II.
“I am pleased that we will continue to benefit from John’s extensive industry contacts and experience through his role as chairman of the board of directors of CVREIT and CVREIT II and executive chairman of CVREIT’s adviser and CVREIT II’s adviser,” said Seton. “As the chief executive officer, I will focus on all aspects of the day-to-day management of CVREIT and CVREIT II, which currently have combined assets of approximately $3.4 billion. The goal of the management team will be to continue to determine and execute on the courses of action that best align each company for success and deliver the desired returns to our stockholders.”
“I am delighted to turn over the day-to-day management of CVREIT and CVREIT II and their advisers to Michael, who has been an integral part of building the businesses,” said Carter. “We have worked together since the inceptions of CVREIT and CVREIT II and as co-chief executive officers of CVREIT’s adviser and CVREIT II’s adviser since 2015. I look forward to continuing to serve as chairman of the board of directors of CVREIT and CVREIT II and assisting the companies in any way possible.”
Carter Validus Mission Critical REIT, Inc. is a real estate investment trust that invests in mission-critical real estate assets located throughout the United States, while Carter Validus Mission Critical REIT II, Inc. is a public, nontraded company headquartered in Tampa, Fla., that acquires mission-critical real estate assets located throughout the United States and abroad.
