Total Investment: $843.3 Million
GLA: 2.05 Million SF
Key Tenants / Affiliations:
Baylor Scott & White
Dallas is one of the fastest growing and economically dynamic areas in the country. It is currently the fourth most populous MSA in the United States. The city is home to the third largest concentration of Fortune 500 companies in the nation. It also features a diverse economy with industry concentrations in banking, commerce, telecommunications, computer technology, energy, healthcare and medical research, transportation and logistics. It has also been ranked one of the best places to do business by CEO Magazine. As a result of all of this activity, Forbes has ranked the Dallas MSA one of the four fastest growing cities in the country, measured by both population and economic activity. Dallas is HTA’s top Key Market with invested dollars of $844 million, boasting two million square feet.
HTA’s Dallas portfolio is afﬁliated with the leading health systems in the market, including Baylor Scott & White, HCA - Medical City, and Texas Health Resources. HTA entered into the Dallas marketplace in 2012 with the purchase of three MOB’s afﬁliated with the Forest Park Medical Center Dallas and Frisco campuses, now part of the HCA - Medical City system and has operated a property management, engineering services, and leasing ofﬁce in this market since that time. Dallas became HTA’s largest market in 2017 through the Duke Healthcare acquisition and the investment in THR’s new Fort Worth campus. The acquired properties were predominately on-campus with dynamic hospital campuses, but also include properties in the community that are a part of Baylor’s strategic outpatient strategy for growth.
By acquiring in an existing market, these acquisitions have allowed HTA to expand its health system relationships while gaining increased scale for its operating platform, which should allow for signiﬁcant efﬁciencies in management and result in additional growth opportunities for development and acquisitions.
HTA’s 2020 Annual Meeting of Stockholders will be held in a virtual meeting format only and stockholders will not be able to attend in person.Click for more information