Carter Validus sheds portfolio for $750 million

Tampa-based Carter Validus Mission Critical REIT Inc. has sold a portfolio of 14 data center properties to a pair of Singapore-based real estate investment firms for $750 million, the company announced late last year.

The properties, which had a net book value of roughly $598 million as of Sept. 30, were purchased by Mapletree Investments Pte Ltd. and Mapletree Industrial Trust, a real estate investment trust.

Carter Validus did not identify which of its data center properties it sold. In all, Carter Validus owns 19 data center properties in a dozen states, according to the company's website.