$28.2 MILLION PURCHASE IN N.C. PUSHED REIT OVER $800 MILLION MARK FOR 2010
By John Mugford
Healthcare Trust of America Inc. closed in December on the $28.2 million
acquisition of the nine-building, 153,000 square foot Medical Park of Cary, N.C.
Photo courtesy of the Medical Park of Cary
Heading into the fourth quarter (Q4) of 2010, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (HTA) was certainly one of most active buyers of healthcare real estate and medical office buildings in the country, investing about $343 million in the first three quarters.
But then came Q4, when HTA went on quite a buying binge, even by its standards, and invested about $464 million. That spree put the non-traded real estate investment trust (REIT) over the $800 million investment mark for 2010 – the company says it actually invested $806.9 million on medical facilities.
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