22 March 2010

REIT Shopping for North Texas Medical Offices

Dallas Business Journal

Arizona-based Healthcare Trust of America was one of the country’s most active investors in 2009, spending $494M

Healthcare Trust of America Inc. is scouring North Texas for health care real estate acquisitions.

The Scottsdale, Ariz.-based real estate investment trust is looking to invest a portion of its $225 million cash reserves in the Dallas-Fort Worth medical marketplace.

The company has a portfolio of health care properties throughout the U.S., about 90% of which are medical offices and smaller hospitals, said Mark Engstrom, executive vice president for acquisitions at Healthcare Trust of America. HTA is looking to invest in health care as a defensive strategy to weather the downturn, he said.

“It doesn’t have as much of the cyclical variability as other types of real estate investments,” Engstrom said.

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