Carter Validus Mission Critical REIT II Inc. acquired American cancer society center building from Cousins Properties Incorporated for approximately $170 million.
June 14, 2017
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Carter Validus Operating Partnership II, LP agreed to acquire American cancer society center building from Cousins Properties Incorporated (NYSE:CUZ) for approximately $170 million on April 19, 2017. The transaction was funded with a combination of (1) a loan in the aggregate principal amount of $116.2 million from KeyBank, which is secured by the 250 Williams Atlanta Data Center, (2) net proceeds from Carter Validus Mission Critical REIT II, Inc.’s ongoing initial public offering and (3) proceeds from Carter Validus Mission Critical REIT II’s secured credit facility. Cushman & Wakefield arranged acquisition funding for Carter Validus Operating Partnership II. Stewart Calhoun, David Meline, Samir Idris and Andy Johns of Cushman & Wakefield acted as brokers for Cousins Properties. Mike Ryan and Brian Linnihan of Cushman & Wakefield's equity, debt and structure financing group, led the acquisition funding on behalf of Carter Validus Operating Partnership II. Kristina Kopf Thomas of Eversheds Sutherland (Us) Llp acted as the legal advisor to Cousins Properties while Stephen L. Kussner of GrayRobinson PA acted as legal advisor to Carter Validus Operating Partnership II in the transaction.
Carter Validus Mission Critical REIT II Inc. completed the acquisition of American cancer society center building from Cousins Properties Incorporated (NYSE:CUZ) on June 15, 2017.
Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust (REIT). The Company conducts its operations through its subsidiary Cousins Properties LP (CPLP), which primarily invests in Class A office buildings. Its segments are classified by property type and geographical area. The segments by property type are Office and Non-Office. The segments by geographical region are Atlanta, Austin, Charlotte, Dallas, Phoenix, Tampa, and other markets. Included in other markets are properties located in Houston, and Nashville. Included in Non-Office are retail and apartments in Atlanta as well as the College Street Garage in Charlotte. It develops, acquires, leases, manages, and owns primarily Class A office properties and mixed-use developments in the Sun Belt markets of the United States. The Companyâs portfolio of real estate assets consists of interests in approximately 18.8 million square feet of office space and 310,000 square feet of other space.
Carter Validus Mission Critical REIT II Inc. acquired American cancer society center building from Cousins Properties Incorporated for approximately $170 million.
COUSINS PROPERTIES INCORPORATED 
