The Real Deal Miami

Cost of Healthcare Trust’s latest Miami purchase revealed

REIT spent $28M on three medical office buildings
June 27, 2014 12:45PM

6280 Sunset Drive

6280 Sunset Drive

Healthcare Trust of America paid a combined $28 million for three medical office buildings in Miami as part of a larger portfolio acquisition.

Miami-Dade County recorded the Scottsdale, Ariz.-based real estate investment trust’s Miami purchases last week. The company paid $15.7 million for properties at 7867 and 7887 Kendall Drive and $12.2 million for a building at 6280 Sunset Drive. No financing was recorded.

Companies tied to ProMed Properties of New York sold the buildings, which total 113,000 square feet, to Healthcare Trust. The transactions are part of the REIT’s $200 million purchase of the three Miami properties, two buildings in Boston and one in Baltimore. — Eric Kalis