Healthcare Trust of America invests millions in Boston, Indianapolis
All of the acquisitions were either on a hospital or university campus or tied to a major health system.
Healthcare Trust of America said it invested a total of $190 million into the Boston, Charleston, Indianapolis and Raleigh markets in the second quarter, buying up a range of healthcare facilities.
Healthcare Trust of America said it invested a total of $190 million into the Boston, Charleston, Indianapolis and Raleigh markets in the second quarter, buying up a range of healthcare facilities.
According to the Scottsdale, Arizona-based company, all of the acquisitions were either on a hospital or university campus or tied to a major health system.
[Also: Tracking 2015 mergers and acquisitions]
For example, the real estate company said it bought a biomedical research facility located on the joint campus of Boston Medical Center and Boston University Medical Center for $101.5 million in the quarter, valuing its total portfolio in the Northeast city at more than $364 million.
In Charleston, the company bought a 40,000-square foot medical office building that is leased to the Medical University of South Carolina. While in Indianapolis, the company bought a 126,000-square-foot medical office building that it leased to Community Health.
The company also bought three medical office buildings in Raleigh.
"Our acquisitions over the last several quarters underline our business strategy to focus on accumulating critical mass in key markets," CEO Scott D. Peters said in a statement.
Twitter: @HenryPowderly
