HTA Pays $141M For Medical Office Portfolio In Fla.

Law360, New York (January 03, 2014, 6:39 PM ET) -- Healthcare Trust of America Inc. has agreed to acquire an eight-medical-office-building portfolio from a regional developer in Florida for $141 million, and closed $127 million of the deal in December, the real estate investment trust announced Thursday.

The purchase represented a large chunk of the $156 million of acquisitions the Arizona-based trust said it closed in the fourth quarter of 2013. The remaining acquisitions for the fourth quarter consist of its $29 million investment in two on-campus medical office buildings in Austin, Texas, according to Healthcare...
To view the full article, register now.