Shareholders of Carter Validus Mission Critical REIT Inc. approved the company's proposed merger with a wholly owned subsidiary of fellow nontraded real estate investment trust Carter Validus Mission Critical REIT II Inc.
Under the terms of the deal, Carter Validus Mission Critical REIT will combine with and into Lightning Merger Sub LLC. Its shareholders will receive $1.00 in cash and 0.4681 share of Carter Validus Mission Critical REIT II's class A common stock for each Carter Validus Mission Critical REIT share they hold.
At a special shareholder meeting Sept. 26, 93,132,269.58 of the votes were cast in favor of the deal; 3,336,258.62 were against it; and 5,085,888.45 were abstentions.
