PACE OF PURCHASES, CONTRACTS SOARS IN PAST MONTH; $800M YEAR IN SIGHT
By John Mugford
Sorting through the numerous acquisitions and purchase agreements that Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) has made or entered in the last month can get complicated.
That’s because the healthcare-focused real estate investment trust (REIT) has gone on quite a buying spree of late. The spree has been unprecedented, even for the prolific REIT that will probably end up spending more than $800 million on healthcare facilities in 2010.
Last month, it was widely reported that HTA had entered an agreement for the acquisition of nine multi-tenant medical office buildings (MOBs) in New York, Massachusetts and Florida for about $196.645 million.
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