Healthcare Trust of America, Inc. (“HTA”), a self-managed, non-traded, real estate investment trust, announced the execution of a purchase and sale agreement to acquire the approximately 101,400 square foot Triad Technology Center in Baltimore, Maryland for approximately $29,250,000. The closing of the acquisition is subject to the satisfaction of a number of conditions.
The building, which is located on the Johns Hopkins University Bayview Medical Center Research Campus, is 100% leased to the U.S. Government and primarily occupied by the National Institutes of Health (“NIH”). The Bayview campus is a 130 acre site that is home to the Johns Hopkins University Medical Center and is ten minutes from downtown Baltimore. The building houses three NIH groups including the National Institute on Aging’s Intramural Research Program, the National Institute on Drug Abuse, and the National Human Genome Research Institute.
“This is an opportunity to acquire a unique asset that supports federal research on healthcare issues facing our society today,” stated Mark D. Engstrom, HTA’s Executive Vice President of Acquisitions. “This acquisition is our second in the Baltimore/Washington D.C. marketplace and we continue to look for strategic opportunities to partner with strong healthcare organizations.”
About Healthcare Trust of America, Inc
Healthcare Trust of America, Inc. is a self-managed, publicly registered, non-traded, real estate investment trust. In 2009, HTA acquired approximately $494 million in medical office and healthcare-related assets. These assets include a total of 13 properties and one other real estate-related asset, representing approximately 2.3 million square feet. Since its formation in 2006, HTA has made 53 geographically diverse acquisitions valued at approximately $1.46 billion based on purchase price, which includes 179 buildings and two other real estate-related assets. HTA’s portfolio totals approximately 7.4 million square feet, and includes 160 medical office buildings, six hospitals, nine skilled nursing and assisted living facilities and four other office buildings located in 21 states, including: Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Minnesota, Missouri, New Hampshire, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia and Wisconsin.
For more information, visit www.htareit.com .