Carter Validus credit facility availability rises by $15.43 million

By Wendy Van Sickle

Columbus, Ohio, June 16 – Carter Validus Operating Partnership II, LP, the operating partnership of Carter Validus Mission Critical REIT II, Inc., increased its availability under its credit facility by $15,426,761, according to an 8-K filing with the Securities and Exchange Commission.

The increase came Friday, in connection with the company’s acquisition of a healthcare property, as part of a joinder agreement with KeyBank, NA that adds the newly acquired property to the company’s pool availability.

The actual amount of credit available under the facility is a function of certain loan-to-cost, loan-to-value and debt service coverage ratios. As of Tuesday, the aggregate pool availability was $90,115,562, and there was no outstanding balance.

Carter Validus is a Tampa, Fla.-based real estate investment trust with a focus on data center and medical properties.

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