Healthcare Trust of America, Inc., a self-managed, publicly registered, non-traded real estate investment trust, has acquired a six-building medical office portfolio from Columbia Development Companies for $122.62 million, or $190.54 per square foot. The 643,555-square-foot portfolio includes buildings in Albany, NY and Tampa, FL and is roughly 95% leased with large, investment-grade regional healthcare systems and specialty medical practices as primary tenants. Healthcare Real Estate Capital oversaw the disposition.
The properties include:
711-713 Troy Schenectady Road, a 258,953-square-foot health park in Latham, NY;
400 Patroon Creek Blvd., a 166,075-square-foot medical office building in Albany, NY;
1365 Washington Avenue, an 80,546-square-foot medical arts building in Albany, NY;
1375 Washington Avenue, a 40,941-square-foot medical arts building in Albany, NY;
1092 Madison Avenue, a 14,800-square-foot medical office building in Albany, NY;
13020 N. Telecom Parkway, an 82,240-square-foot orthopedic medical building in Tampa, FL.
For more news and information visit Blumberg Capital Partners.
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