Carter Validus Mission Critical REIT is currently mulling a sale that could value the health care and data center property owner at over $3.5 billion, Reuters reported Friday, citing people familiar with the situation.

The Tampa, Florida-based non-traded real estate investment trust (REIT) is searching for buyers for its data center properties, which could sell for over $1 billion, Reuters’ sources revealed. The REIT is also evaluating options for its portfolio of medical properties, the people said, noting that these, too, could be sold.

Carter Validus Mission Critical REIT was established in 2010. As of June 30, 2016, the company’s health care portfolio was made up of 64 properties with a diversified focus, including medical office buildings, hospital assets and specialty surgical centers. The REIT’s data center portfolio, meanwhile, was made up of 20 properties as of June 30.

Written by Mary Kate Nelson