HTA Agrees to Buy Nine MOBs for $197M

SCOTTSDALE, AZ-Healthcare Trust of America Inc. has inked an agreement to acquire a portfolio of nine medical office buildings for $196.6 million. The class A buildings, located in Florida, Massachusetts and New York, total 960,000 square feet.

When the deal closes, the transaction will rank as one of the biggest healthcare real estate deals of the year and the largest for HTA to date. “This is a significant transaction, both in terms of dollars and square feet,” says Mark Engstrom, HTA’s executive vice president of acquisitions. “Including this deal, we have acquired more than $600 million so far this year. And, we have additional acquisitions that we expect to close between now and year end.”