Florida-based real estate investment trust Carter Validus Mission Critical REIT II has purchased Connecticut’s largest data center, located in Norwalk, for $58.9m. It was previously owned by Fortis Property Group, another private REIT. 

Data and health

The 167,700 sq ft facility (15,600 sq m) includes 75,000 sq ft (6950 sq m) of technical space, 30,000 sq ft (2,800 sq m) of office space and 62,000 sq ft (5760 sq m) of supporting infrastructure. It is entirely leased to Cervalis, a CyrusOne subsidiary. 

The acquisition is one of five made by the investment trust at the same time, the others being the Aurora Healthcare facility in Illinois and the Texas Rehabilitation hospitals (of which there are three), totaling the purchase at $141.5m. Earlier this year, the company also bought data centers in Chicago, Massachusetts and Arizona at a total cost of $86.1m. 

Following the most recent acquisitions, Carter Validus took out a $34.2m loan at the Bank of America and another, worth $39.9m, at Capital One.

In March, Carter Validus Mission Critical REIT, CVMC REIT II’s predecessor which has 48 real estate properties in its possession and is worth over $2.3bn, was reportedly exploring the possibility of a sale.