Healthcare Trust of America (HTA) Provides Business Update for 4Q

Healthcare Trust of America, Inc. (NYSE:HTA or the "Company"), provided a business update for 4Q 2020 which included the acquisition of over $129 million of medical office investments and the collection of more than 99% of contractual rent due.

"We concluded 2020 and are starting 2021 with strong momentum on the acquisition front, largely due to the long-term relationships we have in our key markets," stated Chairman, President, and CEO Scott D. Peters. "These acquisitions are a testament of HTA's ability to leverage relationships with health systems and local developers to drive investment opportunities at attractive yields, in existing key markets where we have in-place scale that we expect to see continued growth and synergies."

Recent Investment ActivityDuring Q4 2020, HTA closed on approximately $129 million of medical office investments primarily consisting of on-campus MOBs in the quarter at anticipated, in-place year one yields of over 5.8%, prior to any synergies from the Company's full service operating platform. Including operating synergies, HTA anticipates year one yields of over 5.9%. These MOBs have 386,000 square feet of GLA, are 95% leased as of the time of acquisition, and are located in the Company's existing key markets. During 2020, HTA has now closed on over $181 million of acquisitions totaling 600,000 square feet of GLA, with expected year one contractual MOB yields at approximately 6.0%, before any operating synergies. With operating synergies, HTA expects year one contractual yield on these acquisitions of 6.2%. These properties are approximately 94% leased as of closing, and are well located within dynamic submarkets in HTA's key markets.

Acquisitions completed in 4Q20 include:

• Palmetto II Medical Office Building (Miami, FL). HTA acquired this MOB with 177,000 square feet of GLA in December 2020. This building is 100% leased and is connected to Palmetto General Hospital and adjacent to HTA's Palmetto Medical Plaza MOB. This purchase increases our investment on this campus to over 300,000 square feet of GLA. Our portfolio in the Miami market is now approximately 1.2 million square feet of GLA.
• Texas Tech MOB (El Paso, TX). HTA acquired this 110,000 square foot MOB in December 2020. This MOB is 97% leased and is located on the campus of Providence Hospital. The building is anchored by Texas Tech University Health System, which represents 65% of existing occupancy, and will grow to 74% by the end of 2021. This purchase increases our portfolio in the El Paso market to approximately 475,000 square feet of GLA.
• Mount Carmel St. Ann's Medical Office Building (Westerville, OH). HTA acquired this 99,000 square foot MOB located in the Columbus, Ohio submarket in December 2020. The MOB is 83% leased and is located on the campus of Mt. Carmel St. Ann's Hospital. This purchase increases our portfolio in the Columbus market to approximately 500,000 square feet of GLA.

In addition, to these stabilized acquisitions, the Company also disposed of an on-campus MOB in Kansas City for approximately $17 million and acquired a fee-simple parcel of land adjacent to a leading hospital in Houston for approximately $10 million.

Rent Collections Update

• In Q4 2020, our total cash collections (including collections on prior period receivables) totaled 103% of our Q4 charges (which included scheduled deferral repayments). For Q4 charges only, we collected approximately 99% of our total monthly rents that are contractually due and owed, with negligible new amounts deferred.
• In total, we have approved deferral plans that total approximately $11.1 million, of which approximately $7.3 million have been repaid as of year-end. The remainder are expected to be repaid within the next 6 to 9 months.

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