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Carter Validus Mission Critical REIT II Declares Distribution Rates to be Paid in Q2 2017

February 10, 2017

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Carter Validus Mission Critical REIT II Declares Distribution Rates to be Paid in Q2 2017

February 10, 2017 | James Sprow | Blue Vault

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On February 8, 2017, the board of directors of Carter Validus Mission Critical REIT II authorized daily distributions rates for the three classes of common stock as follows:

Class A Distributions Authorized

The distributions for March 2017, April 2017, and May 2017 will be calculated based on 365 days in the calendar year and will be equal to $0.001767101 per Class A Share, which is equal to an annualized rate of 6.40%, assuming a purchase price of $10.078 per Class A Share.

Class T Distributions Authorized

The distributions for March 2017, April 2017, and May 2017 will be calculated based on 365 days in the calendar year and will be equal to $0.001501543 per Class T Share, which is equal to an annualized rate of 5.68%, assuming a purchase price of $9.649 per Class T Share.

Class I Distributions Authorized*

A daily distribution to the Company’s Class I stockholders of record as of the close of business on each day of the period commencing on the day following the date on which the first Class I share is purchased in the Company’s ongoing public offering and ending May 31, 2017. The distributions for February 2017, March 2017, April 2017, and May 2017 will be calculated based on 365 days in the calendar year and will be equal to $0.001767101 per Class I Share, which is equal to an annualized rate of 7.04%, assuming a purchase price of $9.162 per Class I Share.

*On January 13, 2017, Carter Validus Mission Critical REIT II re-classified 50,000,000 authorized but unissued shares each of the Company’s Class A and Class T common stock as Class I common stock. The Company’s board also approved amendments to the Company’s DRIP and Share Repurchase Program pertaining to Class I shares.

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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.