Healthcare Trust Secures $21.3M in Funding for Deaconess Portfolio

The Deaconess Portfolio is comprised of five medical office buildings in strategic locations on or adjacent to a hospital or clinic campus. It covers 260,500 square feet of gross leasable area and is 100 percent master-leased to Deaconess Clinic, Inc.

July 14, 2010
By Allison Landa, News Editor

Courtesy Flickr Creative Commons user cote

Healthcare Trust of America, Inc., has pinned down financing for its recently acquired Deaconess Portfolio in Evansville, Ind. The company has entered into a $21.3 million loan agreement with Goldman Sachs Commercial Mortgage Capital, L.P. with an interest rate of 4.9 percent.

The Deaconess Portfolio is comprised of five medical office buildings in strategic locations on or adjacent to a hospital or clinic campus. It covers 260,500 square feet of gross leasable area and is 100 percent master-leased to Deaconess Clinic, Inc.

“The strong fundamentals of our current assets have allowed us the ability to put quality financing in place as we continue to grow and prudently manage our balance sheet,” HTA chief financial officer Kellie Pruitt said. “Leveraging these well-positioned assets allows us to continue to deploy capital into the market to grow our portfolio and to increase stockholder value.”

Since the beginning of the year, HTA has acquired $210.9 million in medical office and healthcare-related assets. Since its formation in 2006, HTA has made 65 acquisitions valued at $1.71 billion. These include 200 buildings and two other real estate-related assets.