Healthcare Trust of America, Inc. (“HTA”), a self-managed, non-traded, real estate investment trust, is going to acquire a five building medical office portfolio located in Evansville, Indiana. The closing of the acquisition is subject to the satisfaction of a number of conditions.
The approximately 260,500 square foot portfolio is 100% master-leased to the Deaconess Clinic which is a ‘system-owned’ group comprised of 110 primary care and specialty physicians. The buildings are located in ‘mission critical’ locations for the Clinic and are either on or near a hospital campus. The affiliated hospitals include Deaconess Hospital, a 365-bed acute care teaching hospital, and Deaconess Gateway Hospital, a new six story facility with 116 beds. Deaconess Health System carries an A+ rating from both Standard & Poor’s and Fitch and is the largest health system in Southern Indiana.
“We are very excited about being selected and look forward to the opportunity to work with such a strong health system,” stated Mark D. Engstrom, Executive Vice President of Acquisitions for HTA. “This acquisition is a reflection of our strategy of acquiring medical office buildings occupied by healthcare providers who are leaders in their local market.”
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 acquisitions 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, and nine skilled nursing and assisted living facilities and four other office buildings located in 21 states.
For more information, visit www.htareit.com .