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March 29, 2016 Comments Off on GA, MI Data Centers Acquired for $24M Views: 368 California News, Florida, Georgia, Michigan, Midwest, National News, Southeast

GA, MI Data Centers Acquired for $24M

Carter Validus Mission Critical REIT II (CVMC REIT II) acquired two data centers in separate transactions for a total of $24.2 million. The Tampa, FL real estate investment trust has added the 77,322-square-foot Alpharetta Data Center III colocation data center in Alpharetta, GA, and the 43,724-square-foot Flint Data Center in Flint, MI.

“Given the quality of the facilities, their central locations and the fact that both are 100% occupied by first-rate tenants, these data center properties benefit from strong real estate fundamentals that we believe will translate into meaningful value for shareholders,” said Michael Seton, President of CVMC REIT II.

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