Carter Validus down for the year due to property lease termination in Texas

An increase in bad debt related to a property leased to Bay Area Regional Medical Center in Texas drove Carter Validus Mission Critical REIT’s (NASDAQ: CZMR) fiscal 2018 year-end net operating income down 45 percent.

The Tampa-based real estate trust company terminated its lease with the health care center on Aug. 13, 2018, and re-leased the 370,000-square-foot property to the University of Texas Board of Regents on Oct. 24, 2018. The property is now named the UTMB Health Clear Lake Campus and…

from Fort Lauderdale Real Estate News & Residential Real Estate News – Residential Real Estate News Headlines | Bizjournals.com & Banking & Financial News – Banking & Financial News Headlines | Bizjournals.com http://feeds.bizjournals.com/~r/industry_2/~3/EOp92ce6XtQ/carter-validus-down-for-the-year-due-to-property.html
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