Medical Office

Shareholders of Healthcare Trust of America will receive $35.08 a share, including a special dividend, in a transaction with an enterprise value of about $17.6 billion.

Elliott is a top holder in the REIT and the Florida-based hedge fund has met with the company’s board to discuss a strategic review.

Developers are quickly converting some existing office spaces, but not every building is a good fit to include laboratory space.

The REIT’s “wellness infrastructure” portfolio includes seniors housing, skilled nursing facilities, hospitals and medical office buildings.

Investment sales volume on the asset class in 2020 remained robust compared to other property types.

The spaces operate on a platform similar to co-working, with month-to-month membership agreements instead of leases.

Despite lost revenue earlier in the pandemic, the medical office sector is bouncing back.