November 22, 2024 8:09 am
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Scottsdale REIT quickens investment pace in 2nd quarter

hta-logoBy Russ Wiles | The Republic | azcentral.com

Scottsdale-based Healthcare Trust of America said it closed on $190 million worth of property acquisitions in the second quarter as its acquisition activity picked up.

The company is a REIT, or real estate investment trust, that owns and manages medical office buildings. Its second-quarter acquisitions dwarfed the $36 million spent in the first quarter.

Changes permeating the health-care industry have presented more opportunities for the company to make property acquisitions.

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