REIT AGREES TO PAY $40.65 MILLION FOR FOUR-STORY, 191,612 S.F. FACILITY
By John Mugford
Officers with Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA), a privately held real estate investment trust (REIT) that has been on quite a buying spree in the last six months, say their company is not confined to buying medical office buildings (MOBs) in any certain geographic market.
Instead, according to officials, the REIT will look for high-quality assets in any region of the country.
Since moving to self-management last September – prior to which time it was known as Grubb & Ellis Healthcare REIT and operated under the sponsorship of Grubb & Ellis Co. (NYSE: GBE) – it has certainly lived up to this philosophy time and time again.
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