Jan. 2, 2014
/PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE: HTA) announced today that it had closed approximately
of acquisitions in the fourth quarter of 2013. The fourth quarter acquisitions were highlighted by the agreement to acquire an eight medical office building (MOB) portfolio from a regional developer in
of which closed in December (the "Florida Portfolio"). The remaining fourth quarter acquisitions consist of the previously announced
investments in two on-campus MOBs in
The Florida Portfolio totals over 414,000 square feet and was 98% occupied at closing. The MOBs are predominately located on health system campuses affiliated with HCA, Community Health Systems, and Jupiter Health System. Approximately 90% of the properties are located in
, principally in the markets of
, with one property in
. Seven of the eight MOBs being acquired closed in December with the remaining property expected to close in the first quarter of 2014.
The Florida Portfolio is anchored by the Largo Medical Center MOB, a 151,000 square foot, Class-A MOB located in the
. It is located on HCA's Largo Medical Center campus and is anchored by the Diagnostic Clinic, an independent, multi-specialty clinic that was acquired by Blue Cross Blue Shield of
For the year, HTA closed on
of investments. In total, HTA acquired 22 MOBs totaling almost 1.5 million square feet of gross leasable area (GLA). This represents a total portfolio expansion of over 15%, based on investment, for the year. Approximately 80% of the investments were made in the key states of
which demonstrate good fundamentals for long term healthcare demand. At year end, HTA had a total portfolio consisting of over 14.1 million square feet of GLA and
of investments. Additional details for these acquisitions can be found in HTA's portfolio overview found on its website (
About Healthcare Trust of America, Inc.
Healthcare Trust of America, Inc. (NYSE: HTA), a publicly traded real estate investment trust, 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 invested approximately
to build a portfolio of properties that is comprised of approximately 14.1 million square feet of gross leasable area located in 27 states. It operates its properties through regional offices in
For more information on Healthcare Trust of America, Inc., please visit
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.