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...
