John CarterCarter Validus Mission Critical REIT II, a non-traded real estate investment trust, has acquired a Tempe, Arizona-based data center for $16.2 million. The seller was El Dorado Holdings Inc., according to multiple reports. It's the latest in a growing list of data center M&A involving REITs.The data center has 44,244 rentable square feet, redundant power feeds, and is minutes from downtown Phoenix and downtown Tempe. The data center has been 100% leased since 1997 to a national provider of wireless voice, messaging, and data services, Carter Validus says.“We believe the Tempe Data Center’s premier location, high fiber connectivity, tenant quality, lease solidity and the critical nature of its operations make it an ideal investment for our portfolio,” said John E. Carter, CEO of CVMC REIT II, in a prepared statement.
Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.
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