Healthcare Trust of America, Inc. Secures Financing on Its Recent Acquisition of the Deaconess Portfolio in Evansville, Indiana
SCOTTSDALE, Ariz., July 14 /PRNewswire/ — Healthcare Trust of America, Inc.
(“HTA”), a self-managed, non-traded, real estate investment trust, announced
that on July 12, 2010, it entered into a loan agreement with Goldman Sachs
Commercial Mortgage Capital, L.P. in the amount of $21,250,000. The loan bears
interest at a fixed rate of 4.9% per annum and matures on August 6, 2015.
The note is secured by assets of the Deaconess Portfolio which was acquired by
HTA in March 2010 from the Deaconess Health System, Inc. (“DHS”) for a purchase
price of approximately $45,256,000. DHS is the largest health system in Southern
Indiana. The Deaconess Portfolio is comprised of five medical office buildings
in strategic locations on or adjacent to a hospital or clinic campus in
Evansville, Indiana Metropolitan Area. The portfolio has approximately 260,500
square feet of gross leasable area and is 100% master-leased to Deaconess
Clinic, Inc., an affiliate of DHS. The leases are guaranteed by DHS, whose bonds
carry an investment grade rating of A, according to Standard & Poor’s, and A+,
according to Fitch.
“The strong fundamentals of our current assets have allowed us the ability to
put quality financing in place as we continue to grow and prudently manage our
balance sheet,” stated Kellie S. Pruitt, Chief Financial Officer of HTA.
“Leveraging these well-positioned assets allows us to continue to deploy capital
into the market to grow our portfolio and to increase stockholder value.”
For more information on HTA, please visit www.htareit.com.
About Healthcare Trust of America, Inc.
Healthcare Trust of America, Inc. is a self-managed, publicly registered,
non-traded, real estate investment trust. Since January 1, 2010, HTA has
acquired approximately $210.9 million in medical office and healthcare-related
assets. These assets include a total of 11 acquisitions representing
approximately 965,000 square feet. Since its formation in 2006, HTA has made 65
geographically diverse acquisitions valued at approximately $1.71 billion based
on purchase price, which includes 200 buildings and two other real
estate-related assets. HTA’s portfolio totals approximately 8.6 million square
feet, and includes 181 medical office buildings, six hospitals, nine skilled
nursing and assisted living facilities and four other office buildings located
in 21 states.
FORWARD-LOOKING LANGUAGE
This press release contains certain forward-looking statements with respect to
HTA. Forward-looking statements are statements that are not descriptions of
historical facts and include statements regarding management’s intentions,
beliefs, expectations, plans or predictions of the future, within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Because such statements include
risks, uncertainties and contingencies, actual results may differ materially
from those expressed or implied by such forward-looking statements. These risks,
uncertainties and contingencies include, but are not limited to, the following:
uncertainties relating to changes in general economic and real estate
conditions; uncertainties relating to the implementation of recent healthcare
legislation; uncertainties regarding changes in the healthcare industry; the
uncertainties relating to the implementation of HTA’s real estate investment
strategy; and other risk factors as outlined in HTA’s periodic reports, as filed
with the Securities and Exchange Commission.
SOURCE Healthcare Trust of America, Inc.















