HTA Invests $200M in Development and Acquisitions
Healthcare Trust of America closes on several significant acquisitions in the third quarter.
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Healthcare Trust of America will close on several significant acquisitions and developments in the third quarter, totaling more than $200 million.
The announcements include two on-campus medical office building developments with total investments of approximately $85 to 90 million, and approximately $115 million of acquisitions closed in the third quarter of 2019.
The acquisitions include Third Street Medical Center, class-A MOB with 147,000 square feet of GLA $85 million; Fairfax Medical Office Building, a MOB with 57,000 square feet of GLA in July for approximately $18 million; and Eagle Road Professional Center two MOBs totaling 57,000 square feet of GLA in August for approximately $11 million.