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Friday, April 23, 2010

Healthcare Trust (REIT) buys Medical Office Building

JACKSONVILLE, Florida - Healthcare Trust of America Inc. has recently reported that it has acquired a Medical Office Building. This Office Building is on the campus of St. Vincent’s Medical Center. The Purchase price was in the vicinity of $10.8 million. The Seller was an Investment Group called King Street Investors LLLP.
Healthcare Trust of America Inc., a self-managed, non-traded, Real Estate Investment Trust (REIT), completed acquisition of the 53,169 square foot Medical Office Building in Jacksonville.

King Street Medical Office Building is 100% occupied and is home to the Gary and Nancy Chartrand Heart & Vascular Center. The Medical Office Building, now owned by the REIT, is connected via skybridge to the 528-bed hospital and parking structure at 1 Shircliff Way. A St. Vincent’s representative said King Street Investors leased the land from the hospital, and that Lease will continue with the new owner.

Healthcare Trust of America, is based in Scottsdale, Arizona. This Real Estate Investment Trust owns 7.5 million square feet including 163 Medical Office Buildings. This REIT also owns six hospitals, nine skilled nursing and assisted living facilities and four other Office Buildings in 21 states.

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