Upload
anguyenmww
View
218
Download
0
Embed Size (px)
Citation preview
8/13/2019 Healthcare Trust Of America Portfolio Overview
1/40
A Leading Owner and Operator of Medical Office Build
OWNERS OF CORE, CRITICAL REAL ESTATEKEY FOR THE FUTURE OF HEALTHCARE
VICTOR FARRIS BUILDINGWEST PALM BEACH, FL
8/13/2019 Healthcare Trust Of America Portfolio Overview
2/402
MEDICAL OFFICE
SPECIALIST
BUILDING TYPE
Growing Healthcare Secto
Dedicated Asset
Management
External Growth Capacity
Investment GradeBalance Sheet
HEALTHCARE TRUST
OF AMERICA, INC.
91%
5%4%
MEDICAL OFFICE BUILDING
SENIOR CARE HOSPITAL
* Measured by GLA
FOREST PARK MEDICAL CENTER TOWERDALLAS, TX
Healthcare Trust of America, Inc. (NYSE: HTA), a publicly traded real estate
investment trust, is one of the largest dedicated owners of medical office buildings
(MOBs) in the country. HTA was formed in 2006 and has been headquartered in
Scottsdale, AZ since it moved to self-management in 2008. Since its formation,
the company has invested over $3.0 billion in healthcare real estate, creating a
portfolio of primarily MOBs that totals over 14.1 million square feet, located in 27
states throughout the United States.
Healthcare is a dynamic and growing sector that is undergoing significant changes.
Quality real estate is critical to the long-term delivery of healthcare and requires a
dedicated real estate partner for long term success. HTA developed and operates an
internal property management and leasing platform that currently manages 85% of
HTAs properties, or nearly 12 million square feet. The platform is supported locally
through its regional offices in Atlanta, Boston, Dallas, Indianapolis, Pittsburgh, and
Scottsdale.
8/13/2019 Healthcare Trust Of America Portfolio Overview
3/40
$0
2007 2008 2009 2010 2011 2012 20
$100M
$200M
$300M
$400M
$500M
$700M
$900M
$600M
$800M
HEALTHCARE IS CHANGING
There are several macroeconomic trends that are changing the healthcare industry today. The
implementation of the Affordable Care Act is expected to add between 25 and 35 million new
insured individuals. The U.S. population is aging, with the number of elderly Americans growing at
significant rates. As a result of these trends, the healthcare sector is projected to grow significantly
faster than the rest of the U.S. economy.
At the same time, regulatory and technological changes are pushing healthcare into more cost
efficient and integrated outpatient settings. Procedures that were once relegated to the hospital are
moving into the medical office. Physicians and health systems are grouping together to increase
their overhead efficiency and invest in new technology. Healthcare is increasingly being provided in
part by nurses, physician assistants, and allied health providers a key reason that healthcare is
expected to be the fastest growing employment sector of this decade.
INSTITUTIONAL ASSET MANAGEMENT
Over the last several decades, most real estate sectors in the United States have become
predominately owned and operated by institutional entities. These institutions provide a level of
professional services, building efficiency, and capital commitment that generally result in greater
value to tenants in the long run.
The medical office sector is one of the last remaining sectors that have not benefited from this trend.
That is starting to change as healthcare real estate migrates into the hands of the most efficient
owners and operators, including public REITs. These entities have the real estate expertise, long
term view, and access to capital that it takes to create value for tenants in the current environment.
HTA recognizes that healthcare providers in the U.S. have specialized real estate requirements.
To meet these needs, HTA has focused its investment strategy on key critical MOBs located on
or around leading health system campuses. HTA has also developed one of the industrys mostcomprehensive asset management platforms focused on medical office buildings with over 11
million square feet of space currently under in-house management. These services include property
management, leasing, accounting, and construction and facilities management. These services are
provided through its local offices. HTAs focus is on providing its healthcare partners with the most
efficient buildings possible that allow tenants to focus on what they do best deliver top notch
healthcare services.
DEDICATED INVESTMENT PHILOSOPHY
Over the last five years, HTA has been the leading investor in targeted, medical office buildings.
HTA is dedicated to the medical office sector, which allows it to develop long term relationships
with healthcare systems, developers, and other key industry participants in this space. HTA invests
in real estate that will continue to be core, critical to the delivery of healthcare in this changing
environment, with an eye towards complementing its existing portfolio and asset management
platform. Since its founding, HTA has had the discipline, foresight, and platform to invest with
leading hospital systems monetizing their assets, in growing markets with solid long term healthcare
trends that were underappreciated (such as Pittsburgh, PA), and with new healthcare providers that
will provide the healthcare of the future in this changing sector.
The healthcare industry is growing and changing with considerable speed. HTA understands these
changes and is partnering with the leading healthcare systems and providers of today to create the
healthcare of tomorrow.
ENTERPRISE PLATFORM FOR DYNAMIC HEALTHCARE REAL ESTATE
HTA KEY FACTS
Occupancy: 91% at 9/30/13
Investment: $3.0 Billion
Gross Leasable Area (SF): 14.1 Million
On-Campus Aligned: 96%
Tenant Retention: 84%
% of Properties on In-House Platform: 85%
Credit Rated Tenants: 56% at 9/30/13
Investment Grade Credit Ratings: BBB- / Baa2
Leverage: 31.0% at 9/30/13
44% 56%
CREDIT TENANTS NOT RATED
CREDIT RATED TENANTS
ACQUISITIONS BY YEAR
413M
543M
456M
802M
295M
39
68M
* As of 9/30/13, includes 4Q13 investments
* Includes mortgage notes receivable
* Measured by annual base rent, as of 9/30/13
8/13/2019 Healthcare Trust Of America Portfolio Overview
4/404
The healthcare industry is expected to be one of the fastest growing parts of the U.S. economy over the next decade. This is driven by the
aging of the Baby Boomer generation and the long term rollout of the Affordable Care Act. This increased demand for care is expected to
make healthcare the fastest growing sector for employment over the next decade. All of these factors are resulting in a change in the way
that healthcare will be delivered primarily through the movement of care to more cost-effective.
FAVORABLE MACROECONOMIC TRENDS
ANNUAL U.S. EXPENDITURES ON HEALTHCARE
TRILLIONS % OF GDP % OF POPULATIOMILLIONS
AGING POPULATION
Healthcare is projected to grow at a 5.5% compounded annual rate through 2020
Healthcare is projected to be almost 20% of GDP by 2020
Increasing expenditures combined with advancing technology are pushing
patients to the lower cost, outpatient setting
Baby Boomers are aging, causing the elderly population to become
~16% of the U.S. by 2020
Utilization of healthcare services increases with age
Increasing demand for healthcare services over time
HEALTHCARE SECTORIS GROWING
AGING POPULATION
33%
30%
26%
26%
26%
24%
14%
0% 10% 20% 30% 40%
Therapists
Physician Assistants
Registered Nurses
Healthcare Techs
Total Healthcare
Physicians and Surgeons
Total U.S. - All Occupations
PROJECTED U.S. EMPLOYMENT GROWTH (2010-2020 EST)
Increased healthcare utilization is driving healthcare employment
Healthcare sector employment is projected to grow 70% faster than the
broader U.S. economy through 2020
Increasing demand for non-physician practitioners, including nurses,
physician assistants, and other health professionals
HEALTHCARE EMPLOYMENTIS STRONG
4%
6%
8%
10%
12%
14%
16%
18%
20%
$0.0
$0.5
$1.0
$1.5$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
Total National Health Expenditures Spending as a % of GDP
10%
12%
14%
16%
18%
20%
22%
0
20
40
60
80
100
1980 1990 2000 2010 2020f 2030f 2040f 2050f
65+ Population As a % of Total U.S. Population
ADDITIONAL INSURED
An additional 25 to 35 million individuals will gain health insurance by 2
Increasing focus on cost-efficient, preventative medicine
More insurance coverage, more patients, more health service utilization
AFFORDABLE CARE ACTEXPANDS ACCESS
260
260
260
260
260
260
200
Before ACA
229
+27m
m
+12%
256
After ACA
8/13/2019 Healthcare Trust Of America Portfolio Overview
5/40
Regional Asset Management Office
Portfolio Property
Key Markets
SOUTH/SOUTHWEST
GLA: 3.9M SF
MIDWEST
GLA: 3.2M SF
NORTHEAS
GLA: 2.6M
SOUTHEAST
GLA: 4.4M SF
HTAS NATIONAL PORTFOLIO PRESENCE
PRESENCE IN 27 STATES*KEY MARKET PRESENCE
KEY MARKETS SQUARE FEET % OF PORTFOLIO
Phoenix, AZ 1,152,000 8.2%
Pittsburgh, PA 1,094,000 7.8%
Greenville, SC 965,000 6.9%
Albany, NY 879,000 6.2%
Indianapolis, IN 850,000 6.0%
Houston, TX 692,000 4.9%
Dallas, TX 682,000 4.8%
Miami, FL 645,000 4.6%
Atlanta, GA 596,000 4.2%
Boston, MA 359,000 2.6%
Denver, CO 260,000 1.8%
Raleigh, NC 245,000 1.7%
OTHER
28%
FL
12%TX
13%
PA
9%
SC
8%
IN
9%
AZ
10%
NY
6%GA
5%
* Based on GLA
* Portfolio information is as of September 30, 2013, including 4Q13 investments
At the end of 2013, HTA owned properties in 27 states, with significant investments in Texas, Florida, Arizona, Indiana,
Pennsylvania, South Carolina and New York.
8/13/2019 Healthcare Trust Of America Portfolio Overview
6/406
KEY HEALTH SYSTEM RELATIONSHIPS
BANNER HEALTH(AA-), based in Phoenix, Arizona, is one of the largest non-profit hospital systems in the United Stat
operates 24 acute care hospitals and healthcare facilities and employs more than 36,000 people. In addition to basic emer
and medical services, Banner provides level 1 trauma services, organ transplants, hospice, long-term/home care, rehabili
services, behavioral health services, and Banner is also involved in cutting edge medical research.
FOREST PARK MEDICAL CENTER, headquartered in Dallas, Texas, is a leading physician-owned health system focuse
private-pay hospitals in key markets. With medical center locations in Dallas and Frisco, and plans to expand to Southlake
Worth, Austin, and San Antonio, Forest Park will include over 280 beds and 70 operating suites upon completion, in world-
facilities.
GREENVILLE HEALTH SYSTEM(A1), located in Greenville, South Carolina, is a nonprofit academic delivery system a
one of the largest health systems in the state of South Carolina with five medical campuses, outpatient centers, wellness ce
long-term care facilities, and research and academic locations, including the University of South Carolina School of Medi
Greenville. The system has 1,268 hospital beds, approximately 1,271 physicians included on staff, and approximately 10
employees.
INDIANA UNIVERSITY HEALTH (A1), based in Indianapolis, Indiana, is Indianas most comprehensive healthcare sy
Its unique partnership with Indiana University School of Medicine, one of the nations leading medical schools, provides pa
access to innovative treatments and therapies. IU Health is comprised of hospitals, physicians and allied services dedicat
providing preeminent care throughout Indiana and beyond.
PIEDMONT HEALTHCARE (Aa3), based in Atlanta, Georgia, is the Atlanta regions premier community healthcare sy
Founded in 1905, Piedmont is driven by the mission to create a system committed to compassion, advanced treatments, ac
to care and strong connections to make their patients, communities and region better. What started as a single hospital a ce
ago has grown into an integrated healthcare system with five hospitals and close to 100 physician and specialist offices ac
greater Atlanta and North Georgia.
STEWARD HEALTH CARE SYSTEM(B), located in Boston, Massachusetts, is the largest fully-integrated community
organization and community hospital network in New England. Steward is the third largest employer in Massachusetts with
than 17,000 employees serving more than one million patients annually. The system includes 11 hospitals and over 2
beds that reach over 150 communities in the greater Boston area. Other Steward Health Care entities include Steward Phys
Network, Steward Home Care and Hospice, Laboure College and Por Cristo.
TENET HEALTHCARE(B1), located in Dallas, Texasis a leading health care services company whose subsidiaries and affi
following the acquisition of Vanguard Health in 2013, operate 77 acute care hospitals, 173 outpatient centers, and Conifer H
Solutions, which provides business process solutions to more than 600 hospitals. Tenets hospitals are concentrated in T
California, Florida, and Michigan. The system employs more than 100,000 employees; its mission is to improve the qua
life of every patient and deliver high quality care while remaining well positioned for success in the new healthcare environm
HIGHMARK(A), based in Pittsburgh, Pennsylvania, is among the largest health insurers in the United States and the f
largest Blue Cross and Blue Shield-affiliated company. In 2013, Highmark and West Penn Allegheny combined to crea
integrated care delivery model, which they believe will preserve an important community asset that provides high-quality, effi
healthcare for patients. Highmarks mission is to be the nations leading health and wellness company.
8/13/2019 Healthcare Trust Of America Portfolio Overview
7/40
Healthcare providers have specialized real estate needs that can only be met through experienced professionals offering high levels of service
and attention to detail. HTAs Asset Management Services group is one of the largest property management and leasing service provider
dedicated to the medical office sector, with nearly 12 million square feet under management. As the largest dedicated owner of MOBs, HTA
has the enterprise platform to provide top of the line resources that improve tenant satisfaction and building efficiency while still maintaining
a personalized touch with local people on the ground. This combination of scale and local service sets HTA apart. Key platform attributes
include:
HTA recognizes that healthcare providers require the utmost attention to ensure we deliver the right combination of building quality and
service is delivered. This has resulted in some of the highest levels of tenant retention in the industry. As the long term owner o
buildings, HTA knows that shareholders success rests on the ability to deliver value for tenants day in and day out.
National Best Practices Targeting Building Efficiency
On the Ground Personnel for Attentive Service
National Contracts for Cost Procurement
Capital to Support Long Term Value
Proactive Maintenance
IT tools through our Online Tenant Portal
Property Management
Building Maintenance
Accounting Services
Leasing
Construction Management
Engineering Services
SERVICES OFFERED INCLUDE:
METHODIST MEDICAL PLAZA NORTHINDIANAPOLIS, IN
THE STRENGTH OF A NATIONAL OWNER WITH THE INSIGHT AND DEDICATION OF A LOCAL TEAM
DEDICATED ASSET MANAGEMENT PLATFORM
8/13/2019 Healthcare Trust Of America Portfolio Overview
8/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
9/40
HEALTHCARE TRUST OF AMERICA, INC.
DESERT RIDGE MEDICAL CAMPUSPHOENIX, AZ
ESTRELLA MEDICAL PLAZAPHOENIX, AZ
8/13/2019 Healthcare Trust Of America Portfolio Overview
10/400
HIGHLIGHTS
Over the past 30 years, Pittsburgh has transformed itself into a dynamic
hub for the healthcare, technology, and energy industries. Its high-quality universities have created a highly skilled workforce that, combined w
ow cost of living, is attractive to businesses and employees. This has resulted in unemployment that is significantly below the national averag
wages that are increasing. These factors have also led to improving real estate fundamentals, including increasing occupancy and rental rates
market. Additionally, Pittsburgh was named the North American City of the Future by the Financial Times fDi and a Best Commercial Real E
Market by Moodys Investor Services.
Healthcare in the region is primarily provided by two competing health systems, UPMC and the West Penn Allegheny Health System. West Penn
ecently acquired by Highmark, one of the largest health insurers in the U.S., creating a vertically integrated provider network that is position
benefit from the Affordable Care Act.
HTAs initial investments in the Pittsburgh market began with the acquisition of two MOBs affiliated with the West Penn system in 2010. G
he strong performance of this market since then, HTA expanded in the region in 2012-2013. The majority of this portfolio is focused aroun
downtown area that has recently attracted increasing investor interest.
KEY STATISTICS
GLA: 1.1 million square feet
7.8% of Portfolio GLA
6 Medical Office Buildings
HTA Management and LeasingTotal Investment $148.6 million
Key Tenants: Highmark Inc.: Rated A, 73% of Pittsburgh GLA
100% On-Campus / Aligned
KEY MARKET PITTSBURGH, PENNSYLVANIA
HIGHMARK ALLEGHENY HQ BUILDINGPITTSBURGH, PA
8/13/2019 Healthcare Trust Of America Portfolio Overview
11/40
HEALTHCARE TRUST OF AMERICA, INC.
FEDERAL NORTH MEDICAL OFFICE BUILDINGPITTSBURGH, PA
HIGHMARK PENN AVENUE PLACEPITTSBURGH, PA
8/13/2019 Healthcare Trust Of America Portfolio Overview
12/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
13/40
HEALTHCARE TRUST OF AMERICA, INC.
CANCER TREATMENT CENTERGREENVILLE, SC
MEMORIAL MEDICAL OFFICE BUILDINGGREENVILLE, SC
8/13/2019 Healthcare Trust Of America Portfolio Overview
14/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
15/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
16/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
17/40
HEALTHCARE TRUST OF AMERICA, INC.
ZIONSVILLE MEDICAL CENTERZIONSVILLE, IN
METHODIST MEDICAL PLAZA NORTHINDIANAPOLIS, IN
8/13/2019 Healthcare Trust Of America Portfolio Overview
18/408
HIGHLIGHTS
Houston is the fourth largest city in the United States of America,
and the largest city in the state of Texas. Houston ranks second in
employment growth rate among the 10 most populous metro areasn the country. Houstons economy has a broad industrial base in the
energy, manufacturing, aeronautics, and transportation sectors, and only New York City is home to more Fortune 500 companies. With its bus
friendly climate, Houston has continued to attract jobs, resulting in an unemployment rate that is considerably below the national average.
HTAs Houston portfolio includes over 800k square feet of healthcare real estate. It is highlighted by the 7900 Fannin Professional Building, lo
adjacent to the Womans Hospital of Texas, which is 176k square feet and was built in 2005. HTA acquired this building in 2010 from a grou
physician sellers. To close this transaction, HTA structured part of the transaction consideration as an UPREIT, in which the sellers received sh
n HTA in lieu of cash. This enabled HTA to provide some of the sellers with favorable tax treatment and a continued interest in medical real e
an important consideration to some members of the selling group.
KEY STATISTICS
GLA: 692 thousand square feet
4.9% of Portfolio GLA
8 Medical Properties
HTA Management and LeasingTotal Investment $179.3 million
Key Tenants: Ob/Gyn Associates: 13% of Houston GLA
100% On-Campus / Aligned
KEY MARKET HOUSTON, TEXAS
7900 FANNIN PROFESSIONAL BUILDINGHOUSTON, TX
8/13/2019 Healthcare Trust Of America Portfolio Overview
19/40
HEALTHCARE TRUST OF AMERICA, INC.
CYPRESS STATION MEDICAL OFFICE BUILDINGHOUSTON, TX
CLEAR LAKE MEDICAL OFFICE BUILDINGWEBSTER, TX
8/13/2019 Healthcare Trust Of America Portfolio Overview
20/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
21/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
22/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
23/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
24/4024 PATEWOOD MEDICAL OFFICE BUILDING C | 110K SQUARE FEET | ACQUIRED 2009GREENVILLE, SC
TOP INVESTOR IN TARGETED MOBS SINCE 2009
TA has been the leading investor in targeted medical office buildings over the last four years. HTAs focused acquisitions team and significant ind
elationships enable it to source the majority of its acquisitions directly from health system and regional developer relationships. HTA understand
ach acquisition has a significant impact on its portfolio and remains patient, prudent, disciplined; focused on one quality asset at a time.
8/13/2019 Healthcare Trust Of America Portfolio Overview
25/40POST OAK CENTRE NORTH | ACQUIRED 2013AUSTIN, TX
2013 INVESTMENTS
TA is focused on growing its portfolio in a disciplined manner that increases value over the long term. To execute this vision, we follow severa
vestment principles and criteria including (i) core, critical locations primarily on leading health system campuses, (ii) dynamic geographic ma
i) strong health system affiliation, and (iv) strong real estate fundamentals - MOBs function as traditional real estate.
Total Investments ($) $398 million Geographic Locations
Total GLA (Square Feet) 1,465 thousand Florida 51%
MOBs 100% Texas 29%
Occupancy at closing 95% Pennsylvania 8%
On-Campus/Affiliated 100% Colorado 8%
On-Campus 92% Other 4%
Multi-Tenanted Buildings 98% Developer Direct 61%
2013 BY THE NUMBERS
8/13/2019 Healthcare Trust Of America Portfolio Overview
26/4026
The Florida Developer Portfolio is comprised of eight medical office buildings totaling over 414,000 square feet. Seven of the buildings are loc
n the South Florida markets surrounding Miami, West Palm Beach and Tampa, with the other in Fort Wayne, IN. All of the properties are locate
or adjacent to HCA, CHS or Jupiter Health System hospital campuses. This portfolio was purchased directly from the original developer and feanewer construction.
The majority of the portfolio consists of multi-tenanted buildings and features an attractive blend of hospital (39% of annual base rent) and phys
enants. The portfolio is 98% leased with limited near term rollover through 2018.
The portfolio is anchored by the Largo Medical Center MOB, a 151,000 square foot, Class-A MOB located in the Tampa submarket of Largo
ocated on HCAs Largo Medical Center campus and is anchored by the Diagnostic Clinic, an independent, multi-specialty clinic that was acquir
Blue Cross Blue Shield of Florida in 2012.
The Florida Developer Portfolio demonstrates HTAs focus on acquiring core, critical real estate affiliated with leading health systems in its ta
markets. In 2013, HTA expanded its portfolio in the attractive Florida market by over 800,000 square feet and expanded its relationships with
and regional developers who are the key to future growth.
STRATEGIC RATIONALE
KEY STATISTICS
Location: Florida (Tampa and Jupiter) and Indiana
Buildings: 8 on / adjacent to campus
Total Investment: $141 million
GLA: 414 thousand square feetOccupancy At Closing: 98%
Acquired: December 2013 / 1Q 2014
Seller: Regional Developer
Health System Affiliation: HCA, CHS, and Jupiter Health System
2013 INVESTMENT FLORIDA DEVELOPER PORTFOLIO
DUPONT HOSPITAL MEDICAL OFFICE BUILDINGFORT WAYNE, IN
8/13/2019 Healthcare Trust Of America Portfolio Overview
27/40
HEALTHCARE TRUST OF AMERICA, INC.
JUPITER OUTPATIENT CENTERJUPITER, FL
LARGO MEDICAL CENTER MEDICAL OFFICE BUILDINGLARGO, FL
8/13/2019 Healthcare Trust Of America Portfolio Overview
28/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
29/40
HEALTHCARE TRUST OF AMERICA, INC.
VICTOR FARRIS MEDICAL OFFICE BUILDINGWEST PALM BEACH, FL
PALMETTO MEDICAL PLAZAHIALEAH, FL
GOOD SAMARITAN MEDICAL CENTER VICTOR FARRIS MEDICAL OFFICE BUILDING
8/13/2019 Healthcare Trust Of America Portfolio Overview
30/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
31/40
HEALTHCARE TRUST OF AMERICA, INC.
FOREST PARK MEDICAL CENTER PAVILIONDALLAS, TX
FOREST PARK MEDICAL CENTER FRISCOFRISCO, TX
8/13/2019 Healthcare Trust Of America Portfolio Overview
32/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
33/40
8/13/2019 Healthcare Trust Of America Portfolio Overview
34/4034
n late 2013, HTA broke into the Austin market with the purchase of twoClass A medical office buildings. Both of the MOBs are located on-campus with leading HCA hospitals in the area. These investments demon
HTAs strategy of targeting real estate in specific markets with strong economic fundamentals, high barriers to entry and where strong health sys
capture significant market share. Not only did Forbes rank Austin #1 in its list of fastest growing major U.S. cities, Austin is home to a myriad o
corporate and regional headquarters including Apple, IBM, Dell, Home Depot, AMD, Oracle, Citicorp and Whole Foods.
Both properties are well-positioned for long-term stability and were 100% occupied at closing. The MOBs were acquired in seperate di
ransactions. The larger Austin Heart MOB was acquired directly from the original developer, while the Post Oak MOB was acquired from a loca
estate investor group. The strategic relationships formed through these acquisitions provide the platform for HTA to build a critical mass in the m
STRATEGIC RATIONALE
KEY STATISTICS
Location: Austin, Texas
Buildings: 2 on-campus
Total Investment: $29.3 million
GLA: 84 thousand square feetOccupancy At Closing: 100%
Acquired: November 2013
Seller: Regional Developer/ Regional Real Estate Firm
Health System Affiliation: HCA
2013 INVESTMENT AUSTIN, TEXAS
CENTRAL PARK MEDICAL OFFICE BUILDINGAUSTIN, TX
8/13/2019 Healthcare Trust Of America Portfolio Overview
35/40
STRATEGIC RATIONALE
The Monroeville acquisition allowed HTA to utilize its existing in-house management platform to expand in the rebounding Pittsburgh market.acquisition demonstrates HTAs ability to source off-market transactions and enter into new healthcare relationships.
This acquisition is a multi-tenant, medical office complex located in the Pittsburgh suburb of Monroeville, PA. It is 98% occupied and is adjac
the new University of Pittsburgh Medical Center (UPMC) East hospital. UPMC also is a major tenant in this multi-tenanted asset.
This acquisition allows HTA to expand its well-performing Pittsburgh portfolio and increase the efficiencies of its in-house property managemen
leasing team. Pittsburgh is now HTAs second largest market, with over 1.1 million square feet of GLA. It is also one of HTAs best performing mar
with high levels of occupancy and increasing market rents. HTA brought the Pittsburgh market onto its in-house property management platfo
2012, providing the infrastructure to efficiently operate these new buildings.
KEY STATISTICS
Location: Monroeville, Pennsylvania (Pittsburgh MSA)
Buildings: 2 adjacent to campus
Total Investment: $15 million
GLA: 115 thousand square feetOccupancy at closing: 98%
Acquired: July 2013
Seller: Regional real estate firm
Key Tenants: UPMC (A)
2013 INVESTMENT PITTSBURGH, PENNSYLVANIA
MONROEVILLE MEDICAL OFFICE BUILDINGMONROEVILLE, PA
8/13/2019 Healthcare Trust Of America Portfolio Overview
36/4036 RUSH MEDICAL OFFICE BUILDING | $54 MILLION | 130K SQUARE FEET | ACQUIRED 2012OAK PARK, IL
ST. JOHN PROVIDENCE | $51.3 MILLION | 202K SQUARE FEET | ACQUIRED 2012NOVI, MI
2012 INVESTMENTS
8/13/2019 Healthcare Trust Of America Portfolio Overview
37/40
STEWARD HEALTH CARE MOB PORTFOLIO | $100 MILLION | 359K SQUARE FEET | ACQUIRED 2012BOSTON, MA
HIGHMARK PENN AVENUE PLACE | $54 MILLION | 558K SQUARE FEET | ACQUIRED 2012PITTSBURGH, PA
8/13/2019 Healthcare Trust Of America Portfolio Overview
38/4038
EXECUTIVE OFFICERS AND BOARD OF DIRECTORS
EXECUTIVE OFFICERS
Scott D. Peters
Chairman, Chief Executive Officer and President
Kellie S. Pruitt
Chief Financial Officer, Secretary and Treasurer
Mark D. Engstrom
Executive Vice President - Acquisitions
Amanda L. Houghton
Executive Vice President - Asset Management
Robert A. Milligan
Senior Vice President - Corporate Finance
TRANSFER AGENT
DST Systems, Inc.
430 West 7th Street
Kansas City, MO 64105
888.801.0107
SHAREHOLDER SERVICES
DST Systems, Inc. provides shareholder services
to registered shareholders via telephone and
online. DST Systems representatives can assist
you in change of name or address, consolidation
of accounts, duplicate mailings, dividend
reinvestment enrollment, lost share certificates,
transfer of shares to another person and additional
administrative services. For more information, go to
www.dstsystems.com or call 888-801-0107.
INVESTOR INFORMATION
Current and prospective investors can access
the Annual Report, Proxy Statement, SEC filings,
earnings or announcements and other press
releases on our website at www.htareit.com or by
email request at [email protected].
EXCHANGE LISTING
New York Stock Exchange
Trading Symbol: HTA
BOARD OF DIRECTORS
W. Bradley Blair, II
Independent Director
Maurice J. DeWald
Independent Director
Warren D. Fix
Independent Director
Larry L. Mathis
Independent Director
Gary T. Wescombe
Independent Director
CORPORATE OFFICE
Healthcare Trust of America, Inc.
16435 North Scottsdale Road, Suite 320
Scottsdale, Arizona 85254
480.998.3478
480.991.0755 Fax
www.htareit.com
8/13/2019 Healthcare Trust Of America Portfolio Overview
39/40
NIH AT TRIAD TECHNOLOGY CENTERBALTIMORE, MD
RENAISSANCE MEDICAL CENTERBOUNTIFUL, UT
8/13/2019 Healthcare Trust Of America Portfolio Overview
40/40
HEALTHCARE TRUST OF AMERICA, INC.| NYSE: HTA
16435 North Scottsdale Road, Suite 320 | Scottsdale, AZ 85254
p: 480.998.3478 | f: 480.991.0755 | www.htareit.com
ALL PROPERTIES SHOWN ARE OWNED BY HEALTHCARE TRUST OF AMERICA, INC.
FORWARD-LOOKING STATEMENTS:
Certain statements contained in this report constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the
Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Such statements include, in particular, statements about ou
plans, strategies and prospects and estimates regarding future medical office market performance. Such statements are subject to certain risks and uncertainties, as we
as known and unknown risks, which could cause actual results to differ mater ially from those projected or anticipated. Therefore, such statements are not intended to be a
guarantee of our performance in future periods. Forward-looking statements are generally identifiable by use of the terms such as expect, project, may, will, should,
could, would, intend, plan, anticipate, estimate, believe, continue, predict, potential, pro forma or the negative of such terms and other comparable ter
minology. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward looking statements speak only as of the date made and we do
not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. An
such forward-looking statements reflect our current views about future events, are subject to unknown risks, uncertainties, and other factors, and are based on a number o
assumptions involving judgments with respect to, among other things, future economic, competitive, and market conditions, all of which are difficult or impossible to predic
accurately. To the extent that our assumptions differ from actual results, our ability to meet such forward-looking statements, including our ability to generate positive cas
flow from operations, provide dividends to stockholders, and maintain the value of our real estate properties, may be significantly hindered. These risks and uncertainties