Carter Validus Mission Critical REIT Acquires $26,067,000 Long Term Acute Care Hospital
Carter Validus Mission Critical REIT, Inc. (the “Company”) announced today that it acquired the Vibra New Bedford Hospital real estate property for a purchase price of $26,067,000. The property is located in New Bedford, Massachusetts, which is approximately one hour south of Boston.
The property consists of a three story, 70,657 square foot, 90-bed Long Term Acute Care Hospital (LTACH) situated on 6.41 acres. Vibra Healthcare, Inc. (“Vibra”) will continue to operate the LTACH under a sixteen-year, triple net lease agreement. Vibra is a national healthcare provider specializing in the operation of freestanding medical rehabilitation and long term acute care hospitals. John Carter, CEO of the Company, stated, “We are delighted to continue to work with a high quality tenant in Vibra. With their vision of elevating patient care and attracting the finest personnel, we believe Vibra is among the industry's most respected organizations.”
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. Mission critical real estate assets are purpose-built facilities designed to support the most essential operations of tenants. Carter Validus Mission Critical REIT, Inc. focuses its acquisitions of mission critical assets in the data center and healthcare sectors.
This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will" and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although the company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The company undertakes no obligation to update any forward-looking statement contained herein to confirm the statement to actual results or changes in the company's expectations.
Carter Validus Mission Critical REIT, Inc.
John Carter, CEO