PHOENIX—Scottsdale-based Healthcare Trust of America, Inc. has closed approximately $122 million of acquisitions in the fourth quarter of 2014, bringing the full year acquisition total to $440 million. The fourth quarter investments closed in late November and December and included strategically located MOBs in HTA's existing markets of White Plains, Charleston and Denver, plus a new market in Hawaii. For the year, HTA expanded its portfolio by approximately 12%, as measured by purchase price and net of non-core dispositions.

HTA's investment in its existing markets included properties located in high traffic, core medical locations that allow for the expansion of its property management and leasing platform. This will increase HTA's presence with local health systems and physicians and expand the reach and effectiveness of its local property management and leasing platform.

In White Plains, HTA acquired a MOB at 210 Westchester Ave. for $29 million. This property is immediately adjacent to the Westchester Medical Campus that HTA acquired in 3Q 2014 and is located in the same destination medical center that includes the new $120 million Sloan Kettering Memorial Cancer Center. In Charleston, HTA closed on the East Cooper Medical Arts Center which is anchored by MUSC and Tenet Hospital for approximately $9 million. It is also located directly across the street from one of HTA's existing multi-tenant MOBs and in close proximity to the Tides Medical Arts building which HTA acquired in 3Q14. In Denver, HTA acquired two assets in the affluent Douglas County anchored by Centura and HCA-HealthONE, two of the region's leading health systems, for approximately $37 million. These properties are located approximately 1 mile from HTA's Lincoln Medical Center.