EVANSVILLE AND NEWBURGH, IND. — Scottsdale, Ariz.-based Healthcare Trust of America (HTA), a self-managed, non-traded REIT, has acquired a five-building medical office portfolio located in Evansville and Newburgh. The approximately 260,500-square-foot portfolio, which is master leased to Deaconess Clinic, an affiliate of Deaconess Health System, sold for $45.25 million.
“The Deaconess Portfolio provides us with the opportunity to own core real estate assets essential to the healthcare delivery model in Southern Indiana,” said Mark Engstrom, executive vice president – acquisitions with HTA, in a press release. “This portfolio is consistent with the new era of healthcare, which involves hospitals and physicians working together in new ways to meet the needs of their communities.”
Deaconess Clinic is comprised of approximately 110 primary care and specialty physicians. Additionally, the properties are located within close proximity to hospitals, including the 365-bed Deaconess Hospital and the 116-bed Gateway Hospital.
The seller and additional terms of the transaction were not released.
— Amy Bigley