Healthcare Trust of America, today provided a business update regarding recent investment and development activities.
As of Aug. 31, has closed on four medical office building investments in the third quarter of 2021. These investments total $130 million with 469,000 square feet of GLA anticipated with in-place year one yields of 5.7%. These acquisitions increase market densification in HTA’s existing key markets.
Also in August, HTA completed core and shell construction on its 109,000 square feet Class A medical office development located on HCA’s new Medical City Heart & Spine Hospital in Dallas, Texas. This building is currently 74% pre-leased with cash rents expected to commence in the fourth quarter, and HTA’s investment on this campus exceeds more than 300,000 square feet of fee-simple MOBs, with additional land for a fourth MOB on-site. Read more.
