NON-TRADED REIT SNAPS UP MEDICAL BUILDINGS IN SOUTH CAROLINA AND TEXAS
By John Mugford
Scottsdale, Ariz.-based Healthcare Trust of America has acquired an 84 percent interest in the partnership that owns the four-story, 176,000 square foot 7900 Fannin MOB in Houston for $38.1 million.
Photo courtesy of Stonehenge Real Estate Investment Co.
Healthcare Trust of America continued with its acquiring ways in recent weeks.
The Scottsdale, Ariz.-based non-traded healthcare real estate investment trust (REIT) purchased a two-building medical office building (MOB) in the Dallas-Fort Worth Metroplex in Texas, an MOB in Charleston, S.C., and the controlling interest in a large MOB in Houston.
In all, the REIT paid about $62.1 million for the properties.
In addition, the REIT announced that one of its lessees recently signed a long-term lease renewal for one of its buildings in Indianapolis.
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