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Arizona's Healthcare Trust of America Inc. buys $2.8B worth of Texas medical office buildings

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Arizona-based Healthcare Trust of America Inc. (NYSE: HTA) and Indianapolis-based Duke Realty Corp. (NYSE: DRE) announced a blockbuster deal May 1 in which Healthcare Trust of America will buy Duke's entire portfolio of medical office buildings for $2.8 billion. The overall deal includes 6.6 million square feet and consists of 71 in-service buildings, five buildings that will be under construction at the time of sale, Duke’s ownership interests in two buildings owned by unconsolidated joint ventures,…

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