A Georgia data center was bought recently by Carter Validus Mission Critical REIT. This company, which purchases high-value data centers and hospitals in order to secure long-term rent revenue, currently owns almost 20 data centers.
The Atlanta data center was originally built in 1999. It is a 165,000 square foot facility with 50,000 square feet of raised floor space and 10 MW of available power. The center is fault-tolerant, and is strong enough to withstand up to 200 mile per hour winds.
"The addition of both the Alpharetta Data Center II and the Landmark Hospital of Savannah properties is representative of our commitment to acquire high-quality, mission-critical assets in the healthcare and data center industries," said John Carter, CVMC REIT's chief executive officer.
Atlanta is considered by Colliers International as one of the top 10 North American data center markets. The demand in that market is up 20 percent year over year.
Other holdings by the organization include two Phoenix data centers and an old AT&T data center located near Nashville. The Carter Validus portfolio is valued at $2 billion.
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