NEW YORK (TheStreet) -- Health care trends in the U.S. have created hot demand for medical-office space, and this bodes well for Healthcare Trust of America . <\/p>\n
Because of shifting consumer preferences and limited hospital space, more and more health care procedures that traditionally have been performed in hospitals -- such as surgery -- are now being done at outpatient facilities. <\/p>\n
What's more demand for medical-office space is only likely to accelerate in coming years. <\/p>\n
In a recent report, Randall Sakamoto, director of research at Rosen Consulting Group, wrote: <\/p>\n
Last June, I recommended the shares in the nontraded REIT conversion of Healthcare Trust of America in an article for TheStreet. <\/p>\n
At the time, HTA was unlocking around 229.5 million shares in an effort to create liquidity for about 25% of HTA investors. By utilizing a \"Dutch auction\" tender offer, HTA was entering the public markets and releasing 25% of its shares every six months. Essentially that means that HTA is controlling the demand for the shares while also attempting to lower the volatility within the initial $2.5 billion portfolio.<\/p>\n
Now HTA is in the second round of unlocking shares, and the third round of shares (B-2 shares) hits the market in June. HTA plans to unlock all of its shares (the remaining 25%) in December. <\/p>\n
Today HTA is trading at an all-time high of $12.85 a share with a market capitalization of around $2.8 billion. The Scottsdale, Ariz.-based REIT has been moving up rapidly, especially when compared with the other health care REITs that own MOBs. <\/p>\n
HTA is a dominant player in the MOB space with about 90% of its portfolio leased out as MOB-occupied space. The other MOB peers include Healthcare REIT , Senior Housing Properties Trust , Health Care REIT , Ventas , HCP .<\/p>\n
Clearly HTA has built a its dominating health care platform on strategic MOB assets: <\/p>\n
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Read the original here: <\/p>\n
Health Care Trust of America Is Good Medicine for Your Portfolio<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" NEW YORK (TheStreet) -- Health care trends in the U.S. have created hot demand for medical-office space, and this bodes well for Healthcare Trust of America . Continue reading