HRE Capital is pleased to announce the closing of the following transaction.
HRE CAPITAL
HTA
Sale of a 13-Building, 409,955 Square Foot Medical Office Portfolio Located in Eastern Tennessee and West Virginia
THE UNDERSIGNED SERVED AS EXCLUSIVE FINANCIAL ADVISOR CAPITAL
Transaction Overview
Healthcare Real Estate Capital (“HRE Capital”) served as the exclusive financial advisor related to the disposition of a 13-building, 409,955-square foot medical office portfolio (“Portfolio”) located across Eastern Tennessee and Western Virginia. The 75% leased Portfolio is primarily tenanted by an investment grade rated regional hospital system and a dominant multi-specialty physician practice.
HRE Capital’s Role
On behalf of Healthcare Trust of America (“H T A”), HRE Capital undertook an effort to identify a well-capitalized investor / operator (“Investor”) positioned to acquire the Portfolio within a certain timeframe at a defined price. HRE Capital engaged with a select number of medical office Investors able to consummate the acquisition of the diverse Portfolio, which was concentrated in secondary and tertiary submarkets. Due to HRE Capital’s successful track record with portfolio dispositions and its relationship with the selected Investor, H TA achieved its various goals related to timing and pricing.
ABOUT THE COMPANIES INVOLVED
Healthcare Real Estate Capital
HRE Capital is a national advisory firm focused solely on the healthcare real estate sector. Our clients include many of the nation’s top healthcare providers and developers / investors of healthcare real estate. HRE Capital’s focused model provides clients with an unmatched level of relevant experience & independent transaction analysis, structuring and execution capabilities. Providing both consultative and transaction oriented services, including asset / portfolio joint venture structuring, recapitalizations, dispositions and other related real estate advisory services, HRE Capital’s senior management team has been involved with over $12 billion in healthcare real estate transactions.
Healthcare Trust of America
Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings in the United States, with 25.6 million square feet of gross leaseable area and over $7.5 billion invested to date. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly desirable locations. Founded in 2006 and listed on the New York Stock Exchange in 2012, HTA has produced attractive returns for its stockholders that have significantly outperformed the S&P 500 and REIT indices.
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HRE Capital
2506 Florida Avenue
West Palm Beach, FL 33401
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