Investment Trust Rolls Out 3-month Distribution

August 02, 2011 / Elizabeth Buckley, Commercial Property Analyst

The board of directors of the self-managed real estate investment trust, Healthcare Trust of America, Inc., has authorized distributions for the months of August, September and October 2011.

Investment Trust Rolls Out 3-month Distribution

These distributions will be calculated based on the stockholders of record each day during each such month at a rate of $0.00198630 per share per day and will equal a daily amount that would equal a 7.25 percent annualized rate based on a share price of $10.00. This can only take place if the distributions are paid each day for a 365-day period.

Last month, the investment trust executed the purchase and sale agreement to acquire two medical office buildings in Phoenix, Arizona for approximately $32,750,000.

The distributions will be paid in September, October and November 2011, respectively, in cash or reinvested in stock for those participating in HTA’s distribution reinvestment plan.

Since its formation in 2006, HTA has made 78 geographically diverse acquisitions valued at approximately $2.3 billion based on purchase price, which includes 242 buildings and two other real estate-related assets.

The investment trust’s portfolio totals approximately 11.1 million square feet and includes 218 medical office buildings, ten hospitals, nine skilled nursing and assisted living facilities and five healthcare-related office buildings located in 25 states.

With average occupancy of 91 percent, over half of HTA’s current annualized base rent comes from credit rated tenants. Ninety-four per cent of HTA’s portfolio is strategically located on-campus or aligned with recognized healthcare systems.

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