$SILA
Sila Realty Trust, Inc.

2014 Q4 Form 10-K Financial Statement

#000119312516519661 Filed on March 28, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $272.0K $65.00K $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.931M $493.0K $55.00K
YoY Change
Operating Profit -$1.659M -$428.0K -$55.00K
YoY Change
Interest Expense -$98.00K $54.00K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$1.757M -$482.0K -$55.00K
YoY Change
Net Earnings / Revenue -645.96% -741.54%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.694M $11.57M $102.0K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $97.87M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $40.76M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$3.049M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $57.10M
YoY Change
Total Liabilities & Shareholders Equity $97.87M
YoY Change

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income -$1.757M -$482.0K -$55.00K
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014 cik0001567925 Additions To Real Estate Held For Investment And Capital Improvements
AdditionsToRealEstateHeldForInvestmentAndCapitalImprovements
89241000 USD
CY2015 cik0001567925 Additions To Real Estate Held For Investment And Capital Improvements
AdditionsToRealEstateHeldForInvestmentAndCapitalImprovements
375668000 USD
CY2014 cik0001567925 Below Market Lease Weighted Average Remaining Life
BelowMarketLeaseWeightedAverageRemainingLife
P4Y9M18D
CY2015 cik0001567925 Below Market Lease Weighted Average Remaining Life
BelowMarketLeaseWeightedAverageRemainingLife
P14Y6M
CY2014 cik0001567925 Business Acquisition Pro Forma Net Income Loss Attributable To Parent
BusinessAcquisitionProFormaNetIncomeLossAttributableToParent
8481000 USD
CY2015 cik0001567925 Business Acquisition Pro Forma Net Income Loss Attributable To Parent
BusinessAcquisitionProFormaNetIncomeLossAttributableToParent
12162000 USD
CY2015Q4 cik0001567925 Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Below Market Leases
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBelowMarketLeases
7500000 USD
CY2015Q4 cik0001567925 Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Ground Leasehold Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedGroundLeaseholdAssets
644000 USD
CY2015Q4 cik0001567925 Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed In Place Leases
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInPlaceLeases
48708000 USD
CY2015Q4 cik0001567925 Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Tenant Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTenantImprovements
3714000 USD
CY2014 cik0001567925 Capitalized Acquisition Costs And Fees Additions
CapitalizedAcquisitionCostsAndFeesAdditions
643000 USD
CY2015 cik0001567925 Capitalized Acquisition Costs And Fees Additions
CapitalizedAcquisitionCostsAndFeesAdditions
234000 USD
CY2014 cik0001567925 Commissions On Sale Of Common Stock And Related Dealer Manager Fees
CommissionsOnSaleOfCommonStockAndRelatedDealerManagerFees
6476000 USD
CY2015 cik0001567925 Commissions On Sale Of Common Stock And Related Dealer Manager Fees
CommissionsOnSaleOfCommonStockAndRelatedDealerManagerFees
38163000 USD
CY2015 cik0001567925 Cumulative Non Compounded Annual Return
CumulativeNonCompoundedAnnualReturn
0.06
CY2014 cik0001567925 Distributions Paid Nontaxable Distributions Percent
DistributionsPaidNontaxableDistributionsPercent
1.0000
CY2015 cik0001567925 Distributions Paid Nontaxable Distributions Percent
DistributionsPaidNontaxableDistributionsPercent
0.6619
CY2014 cik0001567925 Distributions Paid Ordinary Dividends Percent
DistributionsPaidOrdinaryDividendsPercent
0.0000
CY2015 cik0001567925 Distributions Paid Ordinary Dividends Percent
DistributionsPaidOrdinaryDividendsPercent
0.3381
CY2014 cik0001567925 Distributions Paid Percentage
DistributionsPaidPercentage
1.0000
CY2015 cik0001567925 Distributions Paid Percentage
DistributionsPaidPercentage
1.0000
CY2014Q4 cik0001567925 Investment Building And Building Improvements Net
InvestmentBuildingAndBuildingImprovementsNet
68100000 USD
CY2015Q4 cik0001567925 Investment Building And Building Improvements Net
InvestmentBuildingAndBuildingImprovementsNet
361632000 USD
CY2015Q4 cik0001567925 Line Of Credit Facility Maximum Borrowing Capacity After Available Increase
LineOfCreditFacilityMaximumBorrowingCapacityAfterAvailableIncrease
550000000 USD
CY2015 cik0001567925 Threshold Percentage For Lenders Commitments
ThresholdPercentageForLendersCommitments
0.5
CY2015 cik0001567925 Minimum Number Of Classes Or Series Of Preferred Stock Board Of Directors Can Issue Without Stockholder Approval
MinimumNumberOfClassesOrSeriesOfPreferredStockBoardOfDirectorsCanIssueWithoutStockholderApproval
1 classes
CY2014Q2 cik0001567925 Number Of Classes Of Common Stock
NumberOfClassesOfCommonStock
2 classes
CY2015Q4 cik0001567925 Number Of Metropolitan Statistical Areas In Which Company Owns Rental Property
NumberOfMetropolitanStatisticalAreasInWhichCompanyOwnsRentalProperty
17 metropolitan
CY2015Q4 cik0001567925 Number Of Real Estate Investments
NumberOfRealEstateInvestments
22 real_estate_investment
CY2015 cik0001567925 Number Of Real Estate Properties Collateralized Under Line Of Credit Facility
NumberOfRealEstatePropertiesCollateralizedUnderLineOfCreditFacility
22 property
CY2015Q4 cik0001567925 Numberof Micropolitan Statistical Areas In Which Company Owns Rental Property
NumberofMicropolitanStatisticalAreasInWhichCompanyOwnsRentalProperty
1 micropolitan
CY2015 cik0001567925 Period Of Notice Required For Changes To Share Repurchase Program
PeriodOfNoticeRequiredForChangesToShareRepurchaseProgram
P30D
CY2015 cik0001567925 Period Required To Issue Class B Units
PeriodRequiredToIssueClassBUnits
P30D
CY2015 cik0001567925 Share Repurchase Program Percentageof Outstanding Common Stock Maximum
ShareRepurchaseProgramPercentageofOutstandingCommonStockMaximum
0.05
CY2015 cik0001567925 Stock Redeemed Or Called During Period Average Price Per Share
StockRedeemedOrCalledDuringPeriodAveragePricePerShare
9.86
CY2015 dei Amendment Flag
AmendmentFlag
false
CY2015 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2015 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2015 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-12-31
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
0001567925
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2015Q2 dei Entity Public Float
EntityPublicFloat
297023000 USD
CY2015 dei Entity Registrant Name
EntityRegistrantName
Carter Validus Mission Critical REIT II, Inc.
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
628000 USD
CY2015Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
8244000 USD
CY2014Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
219000 USD
CY2015Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
2283000 USD
CY2014Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
2626000 USD
CY2015Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
741000 USD
CY2014Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
58000 USD
CY2015Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2065000 USD
CY2014Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
83000 USD
CY2015Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
804000 USD
CY2014 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P14Y4M24D
CY2015 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P15Y1M6D
CY2014Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
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CY2015Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
425910000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11000 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
34000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
3887000 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
6371000 USD
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
0 USD
us-gaap Asset Management Costs
AssetManagementCosts
0 USD
CY2014 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
0 USD
CY2015 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
98000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 USD
CY2014 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
83000 USD
CY2015 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
721000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 USD
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000 USD
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26000 USD
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9000 shares
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15750 shares
CY2014 us-gaap Asset Management Costs
AssetManagementCosts
72000 USD
CY2015 us-gaap Asset Management Costs
AssetManagementCosts
1895000 USD
CY2014Q4 us-gaap Assets
Assets
97866000 USD
CY2015Q4 us-gaap Assets
Assets
506730000 USD
CY2014Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
0 USD
CY2015Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
98000 USD
CY2015Q4 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
4729000 USD
CY2015Q4 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
536000 USD
CY2015Q4 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
536000 USD
CY2015Q4 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
536000 USD
CY2015Q4 us-gaap Below Market Lease Amortization Income Year Three
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536000 USD
CY2015Q4 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
536000 USD
CY2014Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
7000 USD
CY2015Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
7409000 USD
CY2014 us-gaap Business Acquisitions Pro Forma Revenue
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CY2015 us-gaap Business Acquisitions Pro Forma Revenue
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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CY2014 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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CY2015 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
10250000 USD
CY2015 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
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-5024000 USD
CY2015 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
12914000 USD
CY2015Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
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373930000 USD
CY2015Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
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287020000 USD
CY2015Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
33844000 USD
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Increase Decrease In Restricted Cash
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0 USD
CY2015 us-gaap Common Stock Voting Rights
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The shares of common stock entitle the holders to one vote per share on all matters upon which stockholders are entitled to vote, to receive distributions as may be authorized by the Company’s board of directors, to receive all assets available for distribution to stockholders in accordance with the Maryland General Corporation Law and to all other rights of a stockholder pursuant to the Maryland General Corporation Law.
CY2015Q4 us-gaap Debt Weighted Average Interest Rate
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0.0263
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CY2015Q4 us-gaap Deferred Finance Costs Net
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us-gaap Depreciation And Amortization
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us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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0 USD
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51000 USD
CY2015 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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58000 USD
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CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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us-gaap General And Administrative Expense
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CY2014 us-gaap General And Administrative Expense
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CY2015 us-gaap General And Administrative Expense
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0 USD
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CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2015 us-gaap Increase Decrease In Due To Affiliates
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CY2014 us-gaap Increase Decrease In Other Operating Assets
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88000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
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CY2015 us-gaap Increase Decrease In Restricted Cash
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us-gaap Interest Paid
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CY2014 us-gaap Interest Paid
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23000 USD
CY2015 us-gaap Interest Paid
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Land
48882000 USD
CY2014Q4 us-gaap Liabilities
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40761000 USD
CY2015Q4 us-gaap Liabilities
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106394000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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97866000 USD
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CY2014Q4 us-gaap Line Of Credit
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180000000 USD
CY2015Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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115372000 USD
CY2015Q4 us-gaap Loss Contingency Pending Claims Number
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CY2014Q4 us-gaap Minority Interest
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2000 USD
CY2015Q4 us-gaap Minority Interest
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2000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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200000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2015 us-gaap Concentration Risk Credit Risk
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:bold;">Concentration of Credit Risk and Significant Leases</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2015</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, the Company had cash on deposit in certain financial institutions which were in excess of current federally insured levels. The Company limits its cash investments to financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on its cash deposits. To date, the Company has experienced no loss or lack of access to cash in its accounts. Concentration of credit risk with respect to accounts receivable from tenants is limited.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2015</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, the Company owned real estate investments in </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">17</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> MSAs, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">five</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> of which accounted for 10.0% or more of rental revenue. Real estate investments located in the Dallas-Fort Worth-Arlington, Texas MSA, the Houston-The Woodlands-Sugar Land, Texas MSA, the Boston-Cambridge-Newton, Massachusetts-New Hampshire MSA, the Cincinnati, Ohio-Kentucky-Indiana MSA and the Kansas City, Missouri-Kansas MSA accounted for </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">21.0%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">18.7%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">12.2%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">10.8%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">10.3%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> respectively, of rental revenue for the </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">year</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2015</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2015</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, the Company had </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">three</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> tenants' exposure concentrations that accounted for 10.0% or more of rental revenue. The leases with Fort Worth Surgicare Partners, Ltd., the leases with tenants under common control of the guarantor Post Acute Medical, LLC and the lease with New England Sinai Hospital, A Steward Family Hospital, Inc. accounted for </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">20.5%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">19.1%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">12.2%</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, respectively, of rental revenue for the </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">year</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2015</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">.</font></div></div>
CY2015 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:18px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-weight:bold;">Organization and Business Operations</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:none;"> </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Carter Validus Mission Critical REIT II, Inc., or the Company, is a Maryland corporation that was formed on January&#160;11, 2013, which elected to be taxed as a real estate investment trust, or a REIT, under the Internal Revenue Code of 1986, as amended, for federal income tax purposes commencing with its taxable year ended December&#160;31, 2014. The Company commenced principal operations on July&#160;3, 2014 when it satisfied the minimum offering requirement and issued approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">213,333</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> shares of Class&#160;A common stock for gross proceeds of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$2,000,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">. Substantially all of the Company&#8217;s business is conducted through Carter Validus Operating Partnership II, LP, a Delaware limited partnership, or the Operating Partnership, formed on January&#160;10, 2013. The Company is the sole general partner of the Operating Partnership and Carter Validus Advisors II, LLC, or the Advisor, is the initial limited partner of the Operating Partnership. </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">The Company is offering for sale a maximum of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$2,350,000,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> in shares of common stock, consisting of up to </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$2,250,000,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> in shares in its primary offering and up to </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$100,000,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> in shares of common stock to be made available pursuant to the Company&#8217;s distribution reinvestment plan, or the DRIP, on a &#8220;best efforts&#8221; basis, or the Offering, pursuant to a registration statement on Form S-11 filed with the Securities and Exchange Commission, or the SEC, under the Securities Act of 1933, as amended, or the Securities Act (SEC File Number: 333-191706, effective May&#160;29, 2014), or the Registration Statement. The Company has registered for offering </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">two</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> classes of shares of common stock, Class&#160;A shares and Class&#160;T shares, in any combination with a dollar value up to the maximum primary offering amount. The initial offering price for the shares in the primary offering is </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$10.00</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> per Class&#160;A share and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$9.574</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> per Class T share.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2015</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, the Company had accepted investors&#8217; subscriptions for and issued approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">48,486,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> shares of Class&#160;A common stock (including shares of common stock issued pursuant to the DRIP) in the Offering, resulting in receipt of gross proceeds of approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$481,558,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> before selling commissions and dealer manager fees of approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$44,639,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> and other offering costs of approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$10,258,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">. As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2015</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, the Company had approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$1,868,442,000</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> in Class&#160;A shares and Class T shares of common stock remaining in the Offering.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Substantially all of the Company&#8217;s business is managed by the Advisor. Carter Validus Real Estate Management Services&#160;II, LLC, or the Property Manager, an affiliate of the Advisor, serves as the Company&#8217;s property manager. The Advisor and the Property Manager have received, and will continue to receive, fees for services related to the acquisition and operational stages. The Advisor will also be eligible to receive fees during the liquidation stage. SC Distributors, LLC, or the Dealer Manager, serves as the dealer manager of the Offering. On August 29, 2014, RCS Capital Corporation, or RCAP, acquired Strategic Capital Management Holdings, LLC, and the Dealer Manager ceased to be under common control with our Advisor. On January 29, 2016, Strategic Capital Management Holdings, LLC was sold by RCAP to Validus/Strategic Capital, LLC, which is owned by substantially similar persons as originally owned Strategic Capital Management Holdings, LLC. As a result of this transaction, the Dealer Manager is an affiliate of our Advisor. The Company believes that there has been no impact to the operations of the Company as a result of these transactions. The Dealer Manager has received and will continue to receive fees for services related to the Offering.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">The Company was formed to invest primarily in quality income-producing commercial real estate, with a focus on data centers and healthcare properties, preferably with long-term net leases to investment grade and other creditworthy tenants, as well as to make other real estate-related investments that relate to such property types. Real estate-related investments may include equity or debt interests, including securities, in other real estate entities. The Company also may originate or invest in real estate-related debt. The Company expects real estate-related debt originations and investments to be focused on first mortgage loans, but also may include real estate-related bridge loans, mezzanine loans and securitized debt. As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">December&#160;31, 2015</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, the Company owned </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">22</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> real estate investments, consisting of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">28</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> properties, located in </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">17</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> metropolitan statistical areas, or MSAs, and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">one</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> micropolitan statistical area, or &#181;SA.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Except as the context otherwise requires, &#8220;we,&#8221; &#8220;our,&#8221; &#8220;us,&#8221; and the &#8220;Company&#8221; refer to Carter Validus Mission Critical REIT&#160;II, Inc., the Operating Partnership and all wholly-owned subsidiaries.</font></div></div>
CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Certain prior period amounts have been reclassified to conform to the current financial statement presentation, with no effect on the Company&#8217;s </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">consolidated</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> financial position or results of operations.</font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">The preparation of the </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">consolidated</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> financial statements and accompanying notes in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates are made and evaluated on an ongoing basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates.</font></div></div>

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