Carter Validus Mission Critical REIT II Inc. registered a best-efforts primary offering of up to $2.25 billion of common shares and up to $100 million of shares pursuant to its distribution reinvestment plan.
The prices for the shares in the primary offering will be $10.078 per class A common share, $9.162 per class I common share and $9.649 per class T common share.
Starting on a yet-to-be-determined date in 2017, the REIT is offering the shares to investors on a best-efforts basis through SC Distributors LLC, its affiliated dealer manager. It plans to offer the shares until May 29, unless terminated earlier or extended by its board.
The company intends to use the net proceeds from the offering to acquire investments and to pay transaction-related fees.
The REIT initially filed for a best-efforts offering in October 2013 for up to $2.35 billion of its common shares, through Sept. 30, 2016.