Healthcare Trust of America, Inc. Issues Statement in Response to Letter from Elliott
SCOTTSDALE, Ariz., Oct. 11, 2021 /PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE: HTA) ("HTA" and "the Company") today issued the following statement in response to a letter issued by Elliott Investment Management ("Elliott").
HTA's Board of Directors and management team are committed to acting in the best interest of the Company and HTA shareholders. After we were first contacted by Elliott, members of HTA's management team and Board held several discussions with representatives of Elliott to better understand their views, and those views were immediately shared with the full HTA Board. Consistent with its fiduciary duties and commitment to value creation, HTA's Board regularly reviews the Company's strategic plan, priorities and opportunities to enhance shareholder value. We are open minded and committed to delivering superior returns for all HTA shareholders.
J.P. Morgan Securities LLC is serving as financial advisor to the company and McDermott Will & Emery LLP is serving as legal counsel.
Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings in the United States, with assets comprising approximately 25.3 million square feet of GLA, with $7.5 billion invested primarily in medical office buildings as of June 30, 2021. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations. Investments are targeted to build critical mass in 20 to 25 leading gateway markets that generally have leading university and medical institutions, which translates to superior demographics, high-quality graduates, intellectual talent and job growth. The strategic markets HTA invests in support a strong, long-term demand for quality medical office space. HTA utilizes an integrated asset management platform consisting of on-site leasing, property management, engineering and building services, and development capabilities to create complete, state of the art facilities in each market. We believe this drives efficiencies, strong tenant and health system relationships, and strategic partnerships that result in high levels of tenant retention, rental growth and long-term value creation. Headquartered in Scottsdale, Arizona, HTA has developed a national brand with dedicated relationships at the local level.
Founded in 2006 and listed on the New York Stock Exchange in 2012, HTA has produced attractive returns for its stockholders that have outperformed the US REIT index. More information about HTA can be found on the Company's Website (www.htareit.com), Facebook, LinkedIn, Instagram and Twitter.
Forward Looking Statements
This press release contains certain forward-looking statements. Forward-looking statements are based on current expectations, plans, estimates, assumptions and beliefs, including expectations, plans, estimates, assumptions and beliefs about HTA, stockholder value and earnings growth.
The forward-looking statements included in this press release are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond HTA's control. Although HTA believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, HTA's actual results and performance could differ materially and in adverse ways from those set forth in the forward-looking statements. Factors which could have a material adverse effect on HTA's operations and future prospects include, but are not limited to:
Forward-looking statements speak only as of the date made. Except as otherwise required by the federal securities laws, HTA undertakes no obligation to update any forward-looking statements to reflect the events or circumstances arising after the date as of which they are made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements included in this press release or that may be made elsewhere from time to time by, or on behalf of, HTA.
SOURCE Healthcare Trust of America, Inc.
Company Codes: NYSE:HTA
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