A subsidiary of Carter Validus Mission Critical REIT II Inc.'s operating unit entered into an agreement with KeyBank as administrative agent to become a guarantor under an existing credit facility agreement.
The subsidiary added a healthcare property to the collateralized pool for the credit facility. This increased the operating partnership's pool availability under the agreement by roughly $6.2 million.
As of April 4, the operating partnership's total pool availability under the credit facility was $342.8 million, with an aggregate principal amount of $310.0 million outstanding and $32.8 million still undrawn.