TAMPA, Fla.--(BUSINESS WIRE)--Carter Validus Mission Critical REIT, Inc. announced that it purchased the Cypress Pointe Surgical Hospital property (“Cypress Pointe”) in Hammond, LA for approximately $25 million. The facility is strategically located between the metropolitan centers of Baton Rouge and New Orleans.
Cypress Pointe is a 30-bed surgical and specialty hospital measuring approximately 63,000 square feet in net rentable area. The facility includes six ICU rooms, six fully digital operating rooms, two procedure rooms, open design MRI, a diagnostic lab, and a full service pharmacy. The hospital facility and operations are run by a 25-member physician ownership group with a diverse range of practice specialties including cardiology, general surgery, orthopedics, plastic surgery, and neurology providing strong physician alignment to the property.
“Cypress Pointe is the provider of choice in the area with a 99% satisfaction rating1” says John Carter, CEO of Carter Validus Mission Critical REIT. “We are pleased to align ourselves with such a high quality, well regarded healthcare organization as we continue to grow our portfolio of mission critical assets.”
Carter Validus Mission Critical REIT, Inc., is a real estate investment trust that invests in mission critical real estate assets located throughout the United States. Mission critical real estate assets are purpose-built facilities designed to support the most essential operations of tenants. Carter Validus Mission Critical REIT, Inc. focuses its acquisitions of mission critical assets in the data center and healthcare sectors.
Forward-Looking Statements
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