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Healthcare Trust of America, Inc. Completes Acquisition of 856,000 SF Greenville Hospital System Medical Office Building Portfolio.

Publication: PR Newswire
Publication Date: 22-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SCOTTSDALE, Ariz., Sept. 21 /PRNewswire/ -- Healthcare Trust of America, Inc., (the "REIT"), a self-managed non-traded real estate investment trust, announced the completed acquisition of a 16-building portfolio from Greenville Hospital System ("GHS") based in Greenville, South Carolina for approximately $162,820,000 on September 18, 2009.

GHS is the dominant provider of healthcare services in South Carolina with approximately 70% of the market share in the largest Metropolitan Statistical Area in South Carolina. Approximately 92% of the portfolio's square footage is located on or adjacent to one of four hospital campuses, and GHS will continue to occupy...

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