Nontraded REIT Healthcare Trust of America Inc. announced yesterday that it will close its equity raise at the end of February.
“We have purchased approximately $551.7 million of medical office and healthcare related assets since January 1, 2010, and we have another approximately $266.5 million under contract, which we expect to close by year end,” HTA’s Chief Executive Officer, Scott D. Peters, says in a company announcement. “With the closing of approximately $800 million of acquisitions in 2010, we will have substantially invested the offering proceeds we have raised to date.”
Meanwhile, the company says it, along with its strategic advisor J.P. Morgan Securities LLC, continues to consider the “various liquidity alternatives available to us in an effort to further enhance stockholder value. Our objective is to implement the optimal strategy, which will provide both value and liquidity to our stockholder”
In an interview with The Wall Street Transcript earlier this fall, Peters discussed, among other topcis, the company’s recent acquisition activity and the possible liquidity events in HTA’s future. You can find the full interview here.
