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REIT Healthcare Trust Acquires 641,000 SF MOB Portfolio in AZ for $107M
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Healthcare Trust of America, Inc has executed a Purchase and Sale Agreement to acquire a 17-building portfolio located in Northwest Phoenix, Arizona for approximately $107,000,000.
The portfolio is located within the Sun City and Sun City West communities and on or near the campus of two significant Banner Health hospitals (Banner Boswell and Banner Del E. Webb). These hospitals are the dominant providers of healthcare services in these communities. Approximately 95 percent of the portfolio’s square footage is located on or adjacent to one of these two hospital campuses.
The agreement also provides the REIT the opportunity to acquire two additional medical properties totaling approximately 60,000 square feet located on these same campuses.
Healthcare Trust of America, Inc. has made 45 geographically diverse acquisitions valued at approximately $1.2 billion based on purchase price, which includes 154 buildings and one real estate-related asset, as of September 18, 2009. The REIT’s portfolio totals approximately 6.3 million square feet, and includes 135 medical office buildings, four hospitals, 12 skilled nursing and assisted living facilities and three other office buildings located in 19 states, including: Arizona, California, Colorado, Florida, Georgia, Indiana, Kansas, Minnesota, Missouri, New Hampshire, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia and Wisconsin.
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