+ All Categories
Home > Documents > Healthcare Trust Of America Portfolio Overview

Healthcare Trust Of America Portfolio Overview

Date post: 04-Jun-2018
Category:
Upload: anguyenmww
View: 218 times
Download: 0 times
Share this document with a friend

of 40

Transcript
  • 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


Recommended