News
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Pegasus Digital Mobility Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering
Pegasus Digital Mobility Acquisition Corp. (the “Company”), a special purpose acquisition company, announced today that it priced its initial public offering (“IPO”) of 20,000,000 units at a price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share…
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Strategic Capital Fund Management Announces Formation of $1.5+ Billion Data Center Investment Platform
New platform to acquire and develop data center real estate assets across North America and Europe with a focus on high quality markets, infrastructure, connectivity, tenants, talent and sustainability enhancement opportunities…
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Sila Realty Trust, Inc., formerly Carter Validus Mission Critical REIT II, Inc., Completes Internalization Transaction
Sila Realty Trust, Inc., or the Company, formerly known as Carter Validus Mission Critical REIT II, Inc., announced today that it closed the previously announced internalization transaction… The Company agreed to pay total consideration of $40 million in cash in connection with the transaction…
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Strategic Data Center Secures up to $200 Million Credit Facility with Sunflower Bank
Strategic Data Center Fund Manager, LLC (“Strategic Data Center” or the “Company”) today announced it has secured a revolving line of credit that converts into a permanent loan from Sunflower Bank. The credit facility will initially provide the ability to borrow up to $25,000,000. Over time, and subject to certain conditions, Strategic Data Center anticipates increasing the size of the facility to aggregate commitments of up to as much as $200,000,000…
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Strategic Capital Fund Management Continues Its Expansion with Chief Financial Officer Hire
Strategic Capital Fund Management, an alternative investment product sponsor, is announcing that it has expanded its executive leadership team with the hiring of a Chief Financial Officer who brings extensive experience in the hedge fund, private equity, and real estate accounting space. Scott Corkery…
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Carter Validus Mission Critical REIT II, Inc. Enters into Definitive Agreement to Internalize Management, Announces Plan to Rebrand as Sila Realty Trust
The total consideration for the Internalization Transaction will be paid in cash and consists of approximately $40 million payable over an approximately two-year period, with $25 million to be paid at closing, $7.5 million to be paid on March 31, 2021, and $7.5 million to be paid on March 31, 2022, subject to acceleration in certain circumstances. The Internalization Transaction is expected to close on September 30, 2020, subject to the satisfaction of customary closing conditions…
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Strategic Wireless Secures up to $75,000,000 Credit Facility with Texas Capital Bank
Strategic Wireless Infrastructure Funds Management, LLC (“Strategic Wireless” or the “Company”) today announced it has secured a syndicated credit facility led by Texas Capital Bank for SWI Funds Property Holdings, LLC and other affiliated companies. The credit facility includes an accordion which will…
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Carter Validus Mission Critical REIT II, Inc. Fourth Quarter and Year Ended 2019 Results
Carter Validus Mission Critical REIT II, Inc., or the Company, a public, non-traded real estate investment trust focused on net-leased data center and healthcare properties, announced operating results for the fourth quarter and year ended December 31, 2019…
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Carter Validus Mission Critical REIT II, Inc. Announces Closing of Merger with Carter Validus Mission Critical REIT, Inc.
Carter Validus Mission Critical REIT II, Inc., or the Company, announced the completion of the merger with Carter Validus Mission Critical REIT, Inc., or CVREIT, in a cash and stock transaction, effective today. Following the merger, the Company is comprised of…