SCOTTSDALE, Ariz., Jan. 7, 2013 /PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE:HTA) ("HTA") announced today that for the fiscal year ended December 31, 2012, it had acquired $295 million of high quality, on-campus or affiliated medical office buildings ("MOB"). These acquisitions totaled over 1.3 million square feet and expanded the Company's asset base by more than 10%. These properties were acquired directly from local developers or health systems and are located in the key markets of Boston, Pittsburgh, Dallas, and Atlanta. They were over 99% occupied at closing and were acquired at unlevered yields in the mid 7% range.
This total also incorporates the Company's December 26, 2012 acquisition of an on-campus MOB in Dallas, Texas for approximately $27 million directly from the developer. The Dallas MOB was 100% leased at closing, with a leading physician-owned health system leasing the majority of the facility. The health system provides cutting edge treatment in high-end facilities located in key markets. The health system currently operates 2 hospitals and is developing 4 additional facilities throughout Texas.
"Our most recent acquisition allows us to expand in the attractive Dallas area, with a leading and fast growing health system focused on the private pay sector of the market," stated Chairman and CEO Scott D. Peters. "This acquisition brings to a close a successful 2012, in which we acquired $295 million of predominately on-campus MOBs, brought 70% of our portfolio under our property management platform, and successfully listed on the NYSE."About Healthcare Trust of America, Inc. Healthcare Trust of America, Inc. (NYSE:HTA), a publicly traded real estate investment trust, is a fully-integrated, leading owner of medical office buildings. HTA listed its shares on the New York Stock Exchange on June 6, 2012. HTA is a full-service real estate company focused on acquiring, owning and operating high-quality medical office buildings that are located on the campuses of nationally recognized healthcare systems in the major U.S. metropolitan areas. Since its formation in 2006, HTA has built a portfolio of properties that totals approximately $2.6 billion based on purchase price and is comprised of approximately 12.5 million square feet of gross leasable area located in 27 states, with regional offices in Scottsdale, Atlanta, Charleston, and Indianapolis. For more information on Healthcare Trust of America, Inc., please visit www.htareit.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV