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Carter Validus Mission Critical REIT closes $750M data center portfolio sale

Carter Validus Mission Critical REIT Inc. completed the $750.0 million sale of a 14-property data center portfolio to an affiliate of Mapletree Industrial Trust and Mapletree Investments Pte. Ltd.

The company said that in connection with the deal, it repaid roughly $170.0 million in property- and company-level principal debt.

Moelis & Co. LLC was Carter Validus' lead financial adviser on the deal, with KeyBanc Capital Markets Inc. and SunTrust Robinson Humphrey Inc. serving as co-advisers. Morris Manning & Martin LLP was legal counsel to Carter Validus.