Acquisition of One Medical Plaza, Houston
Deal value: $98,000,000
Acquisition of One Medical Plaza, a 320,000 SF Class A medical office building located in Houston's Texas Medical Center, by Healthcare Trust of America. The property is 96% leased to major healthcare providers.
The acquisition of One Medical Plaza by Healthcare Trust of America is driven by the strategic goal of consolidating high-quality, on-campus medical office assets in a premier healthcare market. The investment thesis centers on stable, long-term cash flows from a 96% leased, Class A property in Houston’s Texas Medical Center, capitalizing on strong tenant demand from major healthcare providers and the resilience of medical office real estate. The timing aligns with broader portfolio expansion and sector consolidation, as institutional investors seek defensive, income-generating assets amid macroeconomic uncertainty.