Healthcare Trust of America, Inc. (NYSE: HTA) announced
today that it had closed on approximately $190 million of acquisitions in the second quarter of 2015,
bringing the full year acquisition total to $226 million. HTA’s second quarter investments are all located
in existing key markets of Boston, Charleston, Indianapolis and Raleigh. All acquisitions were on hospital
or university campuses or aligned with a market leading healthcare system.
“Our acquisitions over the last several quarters underline our business strategy to focus on accumulating
critical mass in key markets,” said Chairman and CEO Scott D. Peters. “Establishing scale in these
markets allows our in‐house asset management and leasing platform to drive earnings growth,
maximize expense efficiencies, and create long‐term value for shareholders.”
In Boston, HTA increased its scale and presence in its largest market with the acquisition of the 670
Albany building, a 161,000 square foot state‐of‐the‐art biomedical research facility located on the joint
campus of Boston Medical Center (BMC) and Boston University (BU) Medical Center for $101.5 million.
HTA’s Boston portfolio now totals $364 million invested and 844,000 square feet. 670 Albany is 100%
leased to BU and BMC, two of the leading academic medical centers in the Northeast. HTA’s entire
Boston real estate portfolio is on‐campus or affiliated with leading healthcare systems in the area
including BMC, Steward Healthcare, and Tufts Medical Center.
The remaining second quarter acquisitions were purchased in existing markets of Charleston,
Indianapolis, and Raleigh. Each acquisition also extended relationships with current tenants in the
market, including: MUSC in Charleston, Community Health in Indianapolis, and Rex Hospital in Raleigh.
In Charleston, HTA purchased a 40,000 square foot MOB leased to the Medical University of South
Carolina (MUSC), expanding HTA’s Charleston portfolio to 253,000 square feet and $65 million invested.
In Indianapolis, HTA purchased a 126,000 square foot MOB leased to Community Health, expanding
HTA’s Indianapolis portfolio to 976,000 square feet and $156 million invested. In Raleigh, HTA purchased
3 MOBs with a total of 130,000 square feet, expanding HTA’s Raleigh portfolio to 414,000 square feet
and $96 million invested.