SCOTTSDALE, Ariz., Sept. 3, 2013 /PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE: HTA) ("HTA") today announced it had entered into definitive agreements to acquire a 91,000 square foot Class A, medical office building located in the Dallas suburb of Frisco, Texas (the "Frisco MOB") for $28 million. The Frisco MOB was built in 2012 and is attached to the Forest Park Medical Center – Frisco hospital. It was 100% leased at closing. This represents the third high-quality medical office building that HTA has acquired from affiliates of Forest Park.
With this transaction, HTA will have invested approximately $179 million thus far in 2013. This represents a 7% expansion of HTA's asset base for the year. It also increases HTA's Texas portfolio to over 1.7 million square feet, with approximately 700 thousand square feet in the Dallas metro area. This acquisition will be funded through available liquidity.
"We are happy to announce another acquisition of a class A, on-campus medical office building from affiliates of Forest Park Medical Center," stated Chairman and CEO Scott D. Peters. " Texas continues to be a focus area for HTA. The state's strong employment growth and a business friendly regulatory environment helps create a dynamic environment for healthcare providers and their associated real estate."
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 of Class A common stock 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 predominantly located on or aligned with campuses of nationally or regionally recognized healthcare systems in the U.S. Since its formation in 2006, HTA has built a portfolio of properties that totals approximately $2.8 billion based on purchase price and is comprised of approximately 13.6 million square feet of gross leasable area located in 27 states. It operates its properties through regional offices in Scottsdale, Charleston, Atlanta, and Indianapolis. For more information on Healthcare Trust of America, Inc., please visit www.htareit.com. FORWARD-LOOKING LANGUAGE This press release contains certain forward-looking statements. Forward-looking statements are based on current expectations, plans, estimates, assumptions and beliefs, including expectations, plans, estimates, assumptions and beliefs about HTA, stockholder value and earnings growth.
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