Risk Factors

An investment in the Healthcare Trust of America, Inc. involves a high degree of risk. You should purchase shares only if you can afford a complete loss. You should carefully consider the information set forth in the “Risk Factors” section of the prospectus for a discussion of material risk factors relevant to an investment in our common stock, including but not limited to, the following:

  • No public market exists for our common stock; there are significant limitations on the transferability and liquidity of our shares.
  • Current dislocations in the credit markets and real estate markets could negatively impact us.
  • We have not identified a number of the properties or other real estate related assets we plan to acquire.
  • As a self-managed REIT, our success depends on the continued contributions of our internal management team.
  • We have a limited operating history.
  • Distributions we pay to our stockholders may include a return of capital.
  • Distributions we pay to our stockholders may include a return of capital, which will lower their tax basis in our shares.
  • We have paid distributions from offering proceeds or borrowed funds.
  • Failure to qualify as a REIT would adversely affect our operations and our ability to make distributions.

ln addition, there are significant fees and expenses associated with an investment in Healthcare Trust of America, Inc. You should read the disclosure in the current prospectus and other public filings regarding these fees and expenses, including the risk factor disclosure, in order to fully understand them.

In consideration of the risks related to an investment in Healthcare Trust of America, Inc., we have established suitability standards for all stockholders, including subsequent transferees. These suitability standards require that a purchaser of shares have either: (1) a net worth of at least $150,000; or (2) an annual gross income of at least $45,000 and a net worth of at least $45,000. Alaska, Arizona, California, Iowa, Kansas, Maine, Massachusetts, Michigan, Missouri, New Mexico, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Tennessee and Washington have established suitability standards higher than those we have established. Shares will be sold only to investors in these states who meet their special suitability standards. Please see the prospectus for details of the suitability standards for these states.