$196M Healthcare Trust buy includes FL properties

SCOTTSDALE, Ariz. - Healthcare Trust of America, Inc., a self-managed, non-traded, real estate investment trust, announced the execution of agreements to acquire a portfolio of nine medical office buildings in New York, Massachusetts, and Florida for approximately $196,645,000. Each closing is subject to the satisfaction of a number of conditions.

The 98% leased, nine building Class A medical office portfolio consists of approximately 960,000sf of both on and off-campus MOBs with a weighted average remaining lease term of seven years. The portfolio includes both single-tenant and multitenant properties located in Albany, N.Y.; North Adams, Mass.; and Temple Terrace, Fla..

Since Jan. 1, 2010, HTA has acquired approximately $344.5 million in medical office and healthcare related assets based on acquisition price. These acquisitions involve approximately 1.5 msf of gross leasable area, which is approximately 98% leased.