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Transactions: Once again, HTA snaps up MOBs

IN JUST 30 DAYS, REIT AGREES TO FOUR ACQUISITIONS TOTALING $110 MILLION

By John Mugford

We realize Healthcare Trust of America Inc. (HTA) has been receiving plenty of publicity lately. However, the Scottsdale Ariz.-based, self-managed, non-traded healthcare real estate investment trust (REIT) has been making medical office building (MOB) acquisitions at a dizzying rate – especially during a time when MOB sales have been in a slowdown mode.

During a one-month period spanning January to February, HTA entered into purchase agreements to acquire three separate medical office portfolios for a total combined investment of $80.85 million. In addition, HTA entered an agreement to acquire a technology center in Baltimore. In the 30-day span, the company agreed to spend just more than $110 million on medical-related facilities.

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