Healthcare Trust of America completes 13 acquisitions

Feb 16 2010

Healthcare Trust of America, Inc. ("HTA"), a self-managed, non-traded, real estate investment trust, announced that in 2009, HTA completed 13 acquisitions comprised of 54 medical office buildings totaling 2,257,634 square feet and one real estate-related asset.  The total purchase price of these acquisitions was approximately $494,259,000.

As of December 31, 2009, HTA's portfolio included 7.4 million square feet of gross leasable area, which is approximately 91% occupied, and brings HTA's total portfolio to approximately $1.46 billion based on acquisition price.  As of July 2009, HTA completed its transition to self-management.  During 2009, HTA maintained a patient and prudent acquisition strategy which allowed it to build a strong cash position.  As a result, HTA was able to close the Greenville Hospital Portfolio in September 2009 with all cash and close $253 million in acquisitions in December of 2009, while maintaining a low debt ratio.

HTA closed the following acquisitions in 2009:

"These acquisitions reflect and are consistent with our company's long term acquisition strategy to acquire quality assets associated with strong healthcare providers in key markets in the United States.  We believe these assets will increase cash flow.  Our strong cash position and strong balance sheet continue to allow us to acquire quality assets throughout 2010," said Scott D. Peters, HTA's Chairman and Chief Executive Officer.