One of the Arizona assets Healthcare Trust of America Inc. recently acquired from a joint venture of NexCore Group LP and Heitman was the nine-story, 169,000 square foot McAuley Medical Office Building at 500 W. Thomas Road in Phoenix. Photo courtesy of NexCore Group
REIT acquires 11 assets in Arizona, California from NexCore-Heitman joint venture
By John B. Mugford
Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) grabbed headlines in May for its pending acquisition of most of Indianapolis-based Duke Realty Corp.’s (NYSE: DRE) medical office building (MOB) portfolio. The price tag is likely to be at or more than $2.2 billion.
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