SCOTTSDALE, ARIZONA (May 13, 2014) – Healthcare Trust of America, Inc. (NYSE:HTA) is pleased to announce that it is serving as the top level, founding partner for the launch of Revista, a new data service for medical real estate. Founded by former executives with the National Investment Center, Revista is creating the most comprehensive and accurate data and industry services focused on the characteristics, transactions, and performance of the growing medical real estate sector in the United States. Revista is the first data service to be built by healthcare real estate veterans and will highlight the key drivers and trends that make medical real estate one of the most attractive asset classes today. Revista is formally launching later this month with the roll out of its data service for the Northeastern U.S. It expects to roll out services for the entire United States later this year.
Healthcare Trust of America is the largest, dedicated owner of medical office buildings in the U.S. today. The medical office sector is estimated to include over $250 billion in asset value, with less than 10% owned by institutional investors. HTA is dedicated to the medical office sector and is committed to providing the tools and resources necessary for health systems and healthcare providers to effectively and efficiently meet their real estate and financing needs.
“As one of the leading owners and operators of medical office real estate in the United States, HTA is committed to bringing an institutional quality to this currently fragmented sector,” stated Chairman and CEO Scott D. Peters. “We believe that the rollout of Revista’s products and services will greatly improve the quality of data that institutional investors require to understand the strong fundamentals of medical real estate. It will also highlight the tremendous value that health systems and providers have locked up in their real estate portfolios, allowing them to strategically analyze their true costs of capital in today’s changing environment.”
About Healthcare Trust of America, Inc. Healthcare Trust of America, Inc. (NYSE:HTA), a publicly traded real estate investment trust, is a full-service real estate company focused on acquiring, owning and operating high-quality medical office buildings that are predominantly located on or aligned with campuses of nationally or regionally recognized healthcare systems in the U.S. Since its formation in 2006, HTA has invested approximately $3.0 billion to build a portfolio of properties that is comprised of approximately 14.1 million square feet of gross leasable area located in 27 states. It operates its properties through regional offices in Scottsdale, Atlanta, Indianapolis, Dallas and Pittsburgh.
For more information on Healthcare Trust of America, Inc., please visit www.htareit.com.
About Revista Revista serves as a valuable, one-stop source for healthcare and real estate organizations to obtain comprehensive, unbiased and medical real estate industry-focused data; healthcare industry statistics, market reports and other resources; as well as to connect with other professionals in educational networking events.
Revista, which is headquartered in Maryland, was founded by Elisa Infante Freeman, Mike Hargrave and Hilda Flower Martin. They previously held leadership positions with the National Investment Center for the Seniors Housing & Care Industry, whose mission is to advance the quality of senior housing and care through the research, resources and events they provide. These Principals have decades of experience in medical real estate, senior housing and the healthcare industry. They collaborate with an industry-leading advisory board and with founding partners that are major, well-known companies in the healthcare real estate industry.
FORWARD-LOOKING LANGUAGE This press release contains certain forward-looking statements. Forward-looking statements are based on current expectations, plans, estimates, assumptions and beliefs, including expectations, plans, estimates, assumptions and beliefs about HTA, stockholder value and earnings growth.
The forward-looking statements included in this press release are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond HTA’s control. Although HTA believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, HTA’s actual results and performance could differ materially and in adverse ways from those set forth in the forward-looking statements. Factors which could have a material adverse effect on HTA’s operations and future prospects include, but are not limited to:
• changes in economic conditions affecting the healthcare property sector, the commercial real estate market and the credit market;
• competition for acquisition of medical office buildings and other facilities that serve the healthcare industry;
• economic fluctuations in certain states in which HTA’s property investments are geographically concentrated;
• retention of HTA’s senior management team;
• financial stability and solvency of HTA’s tenants;
• supply and demand for operating properties in the market areas in which HTA operates;
• HTA’s ability to acquire real properties, and to successfully operate those properties once acquired;
• changes in property taxes;
• legislative and regulatory changes, including changes to laws governing the taxation of REITs and changes to laws governing the healthcare industry;
• fluctuations in reimbursements from third party payors such as Medicare and Medicaid;
• changes in interest rates;
• the availability of capital and financing;
• restrictive covenants in HTA’s credit facilities;
• changes in HTA’s credit ratings;
• HTA’s ability to remain qualified as a REIT; and
• the risk factors set forth in HTA’s 2013 Annual Report on Form 10-K for the year ended December 31, 2013 and in HTA’s Quarterly Reports on Form 10-Q.
Forward-looking statements speak only as of the date made. Except as otherwise required by the federal securities laws, HTA undertakes no obligation to update any forward-looking statements to reflect the events or circumstances arising after the date as of which they are made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements included in this press release or that may be made elsewhere from time to time by, or on behalf of, HTA.