Webster , TX
Total Investment: $431.0 Million
GLA: 1.58 Million SF
Key Tenants / Affiliations:
HCA / Methodist
Houston is the fifth largest MSA in the U.S., and the largest city in the state of Texas. Houston ranks second in employment growth rate among the 10 most populous metro areas in the country. Houston’s economy has a broad industrial base in the energy, manufacturing, aeronautics, and transportation sectors, and only New York City is home to more Fortune 500 companies. With its business friendly climate, Houston has continued to attract jobs, resulting in an unemployment rate that is considerably below the national average.
HTA’s Houston portfolio includes over 1.5 million square feet of healthcare real estate. It is highlighted by 430,000 square feet of medical office space adjacent to The Texas Medical Center. The Texas Medical Center is one of the largest medical complex in the world home to the world’s largest children’s hospital and the world’s largest cancer hospital with over 10 million patient visits every year. In 2017 HTA expanded its portfolio by acquiring approximately 530,000 square feet across seven medical office buildings generating significant synergies throughout the portfolio.