Tuesday, October 1, 2013

HTA Closes on $62.9M MOB Acquisition in South Florida

National Commercial Real Estate News From CoStar Group

HTA Closes on $62.9M MOB Acquisition in South Florida

Healthcare Trust of America, Inc. (NYSE: HTA) has acquired a portfolio of six on-campus medical office buildings located across Southern Florida for $62.9 million, or about $148 per square foot, from Behringer Harvard Opportunity REIT II, Inc. and AW Property Co.

The MOBs total 425,637 square feet and are all located on hospital campuses affiliated with Tenet Healthcare. The assets were 88 percent occupied at closing. Included in the sale were...

PREIT Divests Two Shopping Centers for $87.3M

Pennsylvania Real Estate Investment Trust (NYSE: PEI) has sold two retail power centers in conjunction with its strategic plan to dispose of non-core properties in the hopes of strengthening its balance sheet by reducing debt.

In two separate transactions, the REIT sold Christiana Center in Newark, DE and the Commons at Magnolia in Florence, SC for an aggregate sales price of $87.3 million, representing a blended CAP rate of 6.8% and net gains...

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