Healthcare Trust of America completes acquisition to obtain medical office portfolio. Healthcare Trust of America, Inc. is a self-managed, publicly registered, non-traded, real estate investment trust. For the Latest information regarding Healthcare Trust of America, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Healthcare Trust of America, Inc. ("HTA"), a self-managed, non-traded, real estate investment trust, announced the completion of acquisition and sale agreements to obtain a medical office portfolio located in Pearland, Texas for approximately $10,500,000. The closing of the acquisition is subject to the satisfaction of a number of conditions.
The portfolio consists of two medical office buildings totaling approximately 54,800 square feet. One of the buildings is 100% occupied while the other is 98% occupied. Both buildings are located in the Houston suburb of Pearland, which is approximately ten miles south of the world-renowned Houston Medical Center and 15 miles south of Houston's central business district.
"This acquisition is attractive for several reasons, including the quality of the tenants, including Methodist Hospital, and its location in a rapidly growing Houston submarket," stated Mark D. Engstrom, Executive Vice President of Acquisitions for HTA. "This acquisition expands our Texas portfolio to over one million square feet."
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