About Healthcare Trust of America
Healthcare Trust of America, Inc. (NYSE: HTA), a publicly traded real estate investment trust, is a leading, fully-integrated owner of medical office buildings. HTA listed its shares on the New York Stock Exchange on June 6, 2012. HTA is a full-service real estate company focused on acquiring, owning and operating high-quality medical office buildings that are located on the campuses of nationally recognized healthcare systems in major U.S. metropolitan areas.
Since its formation in 2006, HTA has acquired a geographically diverse portfolio of properties that totals approximately $2.7 billion based on purchase price and is comprised of approximately 12.8 million square feet of gross leasable area located in 27 states. HTA’s overall portfolio occupancy is 90.9% by GLA, and approximately 58% of HTA’s annualized base rent comes from credit rated tenants.
HTA has developed a national property management and leasing platform which it directs through its primary regional offices in Scottsdale, Indianapolis, Atlanta and Charleston. At the end of the first quarter, approximately 87% of HTA’s total portfolio GLA is managed internally on this platform.
HTA’s business model includes a compelling growth strategy by being patient and prudent, while still taking advantage of buying opportunities due to our strong balance sheet. Additionally, we believe that the recently enacted heath care reform law and regulatory changes will provide investment opportunities as more and more people become insured, and the need for medical office space increases. We believe HTA is well-positioned to take advantage of such market conditions and continues to seek out high quality health care facilities on or close to hospital campuses. Our current portfolio is strategically positioned in key metropolitan markets such as Atlanta, GA, Phoenix, AZ, Indianapolis, IN, Greenville, SC, Pittsburgh, PA, Albany, NY, Boston, MA and both Dallas and Houston, TX.
We have fully transitioned to self management, significantly reducing our cost structure. We did so because we believe this operating model offers our investors the opportunity for immediate creation of stockholder value through a substantially lower cost structure. Our seasoned management team has a proven track record of performance and established relationships with hospitals and other major healthcare entities. Leveraging this expertise in an environment without the conflicts associated with an external advisor, we believe this performance-driven model will enable us to achieve immediate cost savings, resulting in enhanced operating income that we can pass on to our stockholders.