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Tampa Bay-Lakeland
Business Observer Friday, Nov. 11, 2011 11 years ago

Tampa REIT pays investors 7%

A real estate investment trust run by John Carter initiated a new payout.

TAMPA -- Carter Validus Mission Critical REIT, a real estate investment operation based in Tampa, will begin paying investors a 7% distribution, a release says.

Carter Validus is run by John Carter, vice chairman and principal at Carter & Associates, a commercial real estate firm with 400 associates. Carter is also on the board of directors at GulfShore Bank, a Tampa-based institution founded in 2007.

As of Sept. 30, Carter Validus reported $41 million in assets through a filing with the Securities & Exchange Commission, including $30.5 million in net real estate holdings. In July, the company acquired a 20,000-square-foot data center in Richardson, Texas, for $28.6 million.

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