SCOTTSDALE, Ariz., March 9, 2018 /PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE: HTA) is pleased to announce its support at the 2018 "Success Starts with Hope Breakfast" for the Boys Hope Girls Hope of Arizona (BHGH). The event is May 8, 2018 and will be held at the Arizona Biltmore.
HTA is the presenting sponsor of the event, which hopes to raise over $300,000 to provide BHGH scholars with a quality education, holistic support and family-like housing. BHGH scholars will speak at the breakfast about the impact of the organization and how it has changed their lives. Herm Edwards, former NFL head coach, ESPN Analyst and the new head coach of Sun Devil Football is the keynote speaker. In addition to inspiring and educating guests and helping to further raise awareness and support of the organization, this year BHGH will be honoring F. Michael Geddes, long-time board member and supporter.
Scott Peters, CEO and founder of HTA and BHGH board member stated, "It is our corporate and social responsibility to give back to the community. I strongly believe in helping children who strive to be well educated and nothing is more rewarding than seeing them reach their full potential with the help of Boys Hope Girls Hope and its supporters."
The mission of BHGH is to help academically capable and motivated children in need to reach their full potential by providing value-centered homes, opportunities and education through college. It is their objective to serve promising, highly motivated children in need with educational scholarships, academic support, enrichment opportunities, and the resources scholars need to reach their full potential, which sometimes includes housing. Through BHGH, scholars gain access to the resources and support necessary to attain a college degree, become true leaders in their communities, and break the generational cycle of poverty for themselves and their families. BHGH of Arizona was established in 1989 with the opening of the Boys Hope Residential Home in Phoenix. The Girls Hope Home opened in Phoenix in 1989. The non-residential Community-Based Program began in 2004 to increase the number of children served. BHGH of Arizona currently serves 90 youth: 16 in residence, 42 in the community-based program and 32 in college. Founded in 1977 in St. Louis, Missouri, BHGH International has helped 15 cities in the U.S. develop programs. BHGH of Arizona is governed by a local board of directors and is 100 percent privately funded. All support raised for Arizona youth stays in Arizona.
About HTA
Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings in the United States, based on gross leasable area. We provide the real estate infrastructure for the integrated delivery of healthcare services in highly desirable locations. Over the last decade, we have invested approximately $7 billion primarily in medical office buildings and other healthcare assets comprising over 24 million square feet of GLA. Our investments are targeted in 20 to 25 key markets that we believe have superior healthcare demographics that support strong, long-term demand for medical office space. We have achieved, and continue to achieve, critical mass within these key markets by expanding our presence through accretive acquisitions, and utilizing our in-house operating expertise through our regionally located property management and leasing platform. Headquartered in Scottsdale, Arizona and directed from our full-time service offices, HTA has developed a national brand with dedicated relationships at the local level. We have achieved scale in 16 markets with greater than 500,000 square feet and 10 markets with approximately 1 million or greater square feet; in each market we service our healthcare providers through our institutional full-service operational platform including property management, leasing and development services. 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 across the portfolio. Founded in 2006 and listed on the New York Stock Exchange in 2012, HTA has produced attractive returns for its stockholders that we believe have significantly outperformed the S&P 500 and US REIT indices. More information about HTA can be found on the Company's website, Facebook, LinkedIn and Twitter.
Forward-Looking Language
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:
- changes in economic conditions affecting the healthcare property sector, the commercial real estate market and the credit market;
- competition for acquisition of medical office buildings and other facilities that serve the healthcare industry;
- economic fluctuations in certain states in which HTA's property investments are geographically concentrated;
- retention of HTA's senior management team;
- financial stability and solvency of HTA's tenants;
- supply and demand for operating properties in the market areas in which HTA operates;
- HTA's ability to acquire real properties, and to successfully operate those properties once acquired;
- changes in property taxes;
- legislative and regulatory changes, including changes to laws governing the taxation of REITs and changes to laws governing the healthcare industry;
- fluctuations in reimbursements from third party payors such as Medicare and Medicaid;
- changes in interest rates;
- the availability of capital and financing;
- restrictive covenants in HTA's credit facilities;
- changes in HTA's credit ratings;
- HTA's ability to remain qualified as a REIT;
- changes in accounting principles generally accepted in the United States of America, policies and guidelines applicable to REITs;
- delays in liquidating defaulted mortgage loan investments; and
- the risk factors set forth in HTA's most recent Annual Report on Form 10-K and in HTA's most recent Quarterly Reports on Form 10-Q.
Financial Contact:
Robert A. Milligan
Chief Financial Officer
Healthcare Trust of America, Inc.
480.998.3478
[email protected]
SOURCE Healthcare Trust of America, Inc.
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