Navigation Links
Healthcare Trust of America, Inc. Executes Agreement to Acquire 80,562 Square Foot Medical Office Portfolio Located in Atlanta, Georgia
Date:1/23/2010

SCOTTSDALE, Ariz., Jan. 22 /PRNewswire/ -- 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 an 80,562 square foot medical office portfolio located in Atlanta, Georgia for approximately $19,550,000. The closing of the acquisition is subject to a number of conditions.

The medical office portfolio is 94% leased and is on the Camp Creek Medical Center campus, located approximately six miles west of South Fulton Medical Center in East Point, GA.  South Fulton Medical Center is owned and operated by Tenet Healthcare Corporation ( THC), one of the largest investor-owned healthcare delivery systems in the nation.  The acquired medical office buildings were developed by Ackerman & Co. in affiliation with South Fulton Medical Center, a 338-bed facility, rated 'Best Critical Care in Region' by Healthgrades, a leading healthcare ratings organization. This portfolio serves the rapidly-growing area of South metro Atlanta.

"This is an underserved medical submarket and the Camp Creek Medical Center is designed to expand as demand grows," stated Mark D. Engstrom, Executive Vice President of Acquisitions.  "We are optimistic about the Atlanta medical office marketplace and view this acquisition as a positive step forward in our growth strategy for this specific market."

For more information on Healthcare Trust of America, Inc. and to download the current prospectus, please visit www.htareit.com.

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.

FORWARD-LOOKING LANGUAGE

This press release contains certain forward-looking statements with respect to the growth and value of HTA's portfolio and the value that the portfolio adds to HTA.  Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management's intentions, beliefs, expectations, plans or predictions of the future, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements.  These risks, uncertainties and contingencies include, but are not limited to, the following: the acquisition of the portfolio may not be completed if the conditions for the closing are not met, the strength and financial condition of each individual property and the overall portfolio; the strength and financial condition of the tenants; uncertainties relating to the local economy of the area; uncertainties relating to changes in general economic and real estate conditions; uncertainties regarding changes in the healthcare industry; the uncertainties relating to the implementation of our real estate investment strategy; and other risk factors as outlined in HTA's prospectus, as amended from time to time, and as detailed from time to time in the HTA's periodic reports, as filed with the Securities and Exchange Commission.

SOURCE Healthcare Trust of America, Inc.

RELATED LINKS
http://www.htareit.com/

'/>"/>

SOURCE Healthcare Trust of America, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. ReSearch Pharmaceutical Services, Inc. to Present at Jefferies 2010 Global Healthcare Conference
2. Roche and Catalyst Resources Team to Explore RIA Healthcare Collaboration Solutions for Enhanced Clinical Diagnosis and Education
3. Healthcare Businesswomens Association Announces 2010 Board of Directors
4. Research Indicates Participants in Incentive-Based Health Promotion Programs Have Lower Healthcare Costs
5. Providence Service Corporation to Present at the Jefferies 2010 Global Healthcare Services Conference on Monday, January 25th
6. Ted Kennedy - Healthcare Rest in Peace Memorial Protest at Senate Russell Building
7. ERT to Present at the Jefferies 2010 Global Healthcare Services Conference on January 26, 2010
8. Professional Healthcare Acquires Home Health Services Expanding Service Area in Western United States
9. The Regional Alliance for Economic Development: Progressive Healthcare Helps Tri-Cities, Tennessee
10. Winner Medical to Participate in Arab Health 2010, International Healthcare Exhibition, in Dubai
11. Physicians Coalition Asks Federal Court to Block Obama Healthcare: Doctors Claim Bill Would End Practice of Medicine as We Have Known It, Assert Presidents Actions Are Unconstitutional
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... ... The Visiting Nurse Association (VNA) of Somerset Hills is proud to host ... items from across the nation, this holiday-themed event will raise funds and awareness for ... The boutique will be open Saturday, November 4 (10:00 a.m. – 5:00 p.m.) ...
(Date:10/13/2017)... ... October 13, 2017 , ... ... giving viewers the lowdown on sciatica in a new episode of "Success Files," ... on current events and innovation and investigates each subject in-depth with passion and ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... healthcare compliance program management, will showcase a range of technology and learning solutions ... Living (NCAL) Convention and Expo to be held October 14–18, 2017 at the ...
(Date:10/12/2017)... ... 12, 2017 , ... IsoComforter, Inc. ( https://isocomforter.com ), one of ... innovative new design of the shoulder pad. The shoulder pad provides optimal support ... your pain while using cold therapy. By utilizing ice and water that is circulated ...
(Date:10/12/2017)... ... October 12, 2017 , ... Dr. ... recently contributed a medical article to the newly revamped Cosmetic Town journal ... spotlights the hair transplant procedure known as Follicular Unit Extraction (FUE). ...
Breaking Medicine News(10 mins):
(Date:9/28/2017)... Cohen Veterans Bioscience and Early Signal Foundation announce a ... sensors for real-time monitoring of patients with trauma-related and ... focused on disruptive health solutions for rare disorders and ... record and integrate behavioral, cognitive, physiological and contextual data. ... ...
(Date:9/23/2017)... Sept. 22, 2017 Janssen Biotech, Inc. (Janssen) ... letter from the U.S. Food and Drug Administration (FDA) ... sirukumab for the treatment of moderately to severely active ... clinical data are needed to further evaluate the safety ... active RA. ...
(Date:9/18/2017)... KALAMAZOO, Mich. , Sept. 18, 2017 ... , and OptiMed Specialty Pharmacy of Kalamazoo, ... offer a strategic hub service that expedites and streamlines ... personal spirometer, Spiro PD 2.0, and wellness management services.  ... is a medical device used to measure lung function ...
Breaking Medicine Technology: