CV MC REIT – Carter Validus Mission Critical REIT– Update

Securities Investigation – CV MC REIT – Carter Validus Mission Critical REIT The White Law Group continues to investigate potential claims involving broker dealers who may have unsuitably recommended high risk non traded REITs such as Carter Validus Mission Critical REIT to investors. On August 13, 2018, Carter Validus Mission Critical REIT, Inc.  – CV MC REIT – announced that it had entered into a modification of a credit agreement on its revolving credit facility with KeyBank National Association, according to SEC filings. The modifications reportedly reduced the tangible net worth base amount of the REIT to $475 million, from $600 million, and limited distributions to $0.106 per quarter, and limiting future distributions to 95% of annualized funds from operations. According to reports, the modifications effectively limit CV MC REIT’s ability to over distribute from FFO, and reduce the amount of credit available from KeyBank.  CV MC…

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