Scott Peters, chairman and CEO of HTA, tells GlobeSt.com, “Hawaii is a very attractive market from a healthcare perspective, with high quality health systems, strong clinical care, and overall health outcomes. It is also attractive from a real estate perspective as it is very dense, with many barriers to new development. We were pleased to enter into the Hawaii market in a meaningful way, investing almost $50 million in two separate investments totaling over 140,000 square feet. Almost all of Hawaii's medical office property is owned by health care systems and these two transactions position HTA to be one of the leading third party owners of MOBs in Hawaii. From a company perspective, we continuously seek to work with local developers who know their markets and health systems in depth. This case was no different, as we were able to source these directly from the developers with hopes of establishing long term relationships.”

For the year, HTA closed on $440 million of core, critical medical office properties in 8 states, representing 21 MOBs and 1.2 million square feet of gross leasablea area. HTA also initiated its capital recycling program, closing $83 million in previously announced dispositions. At year end, the total portfolio consisted of over 14.8 million square feet of GLA and $3.3 billion in total investments.

Says Milligan, “At HTA, we are dedicated owners and operators of medical office buildings across the U.S. We are disciplined in our approach to investing and have developed a very hands-on property management and leasing platform that ensures building efficiency and tenant satisfaction. This focused approach has allowed us to drive value for tenants and shareholders alike. The management team spends a considerable amount of time on the road visiting with healthcare systems, physician groups, developers and other owners of medical office property. These relationships drive access to off-market, accretive investment opportunities that we are able to close in a very efficient manner.”