Healthcare Trust Of America Announces $28 Mln Investment In Texas - Quick Facts

(RTTNews) - Healthcare Trust of America Inc. (HTA) announced it had entered into definitive agreements to acquire a 91,000 square foot Class A, medical office building located in the Dallas suburb of Frisco, Texas for $28 million. The Frisco MOB was built in 2012 and is attached to the Forest Park Medical Center - Frisco hospital. It was 100% leased at closing. This represents the third high-quality medical office building that HTA has acquired from affiliates of Forest Park.

With this transaction, HTA will have invested approximately $179 million thus far in 2013. This represents a 7% expansion of HTA's asset base for the year. It also increases HTA's Texas portfolio to over 1.7 million square feet, with approximately 700 thousand square feet in the Dallas metro area.

The company noted that the acquisition will be funded through available liquidity.