Maryland
|
|
001-35568
|
|
20-4738467
|
Delaware
|
|
333-190916
|
|
20-4738347
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(I.R.S. Employer
Identification No.)
|
|
|
|
|
|
16435 N. Scottsdale Road, Suite 320
|
|
|
|
|
Scottsdale, Arizona
|
|
|
|
85254
|
(Address of principal executive offices)
|
|
|
|
(Zip Code)
|
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
o
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Healthcare Trust of America, Inc.
|
Emerging growth company
o
|
Healthcare Trust of America Holdings, LP
|
Emerging growth company
o
|
Healthcare Trust of America, Inc.
|
o
|
|
|
Healthcare Trust of America Holdings, LP
|
o
|
|
|
Item 9.01
|
Financial Statements and Exhibits.
|
|
|
Page
|
Financial Statements of the Initial Closing Assets
|
|
|
|
Report of Independent Registered Public Accounting Firm
|
3
|
|
Combined Statements of Revenues in Excess of Certain Expenses for the Three Months Ended March 31, 2017 (unaudited) and Year Ended December 31, 2016
|
4
|
|
Notes to Combined Statements of Revenues in Excess of Certain Expenses for the Year Ended December 31, 2016
|
5
|
|
|
|
Financial Statements of Subsequent and Pending Acquisitions
|
|
|
|
Report of Independent Registered Public Accounting Firm
|
9
|
|
Combined Statements of Revenues in Excess of Certain Expenses for the Six Months Ended June 30, 2017 (unaudited) and Year Ended December 31, 2016
|
10
|
|
Notes to Combined Statements of Revenues in Excess of Certain Expenses for the Year Ended December 31, 2016
|
11
|
|
|
|
Financial Statements of the Other Duke Asset
|
|
|
|
Combined Statements of Income for the Three Months Ended March 31, 2017 (unaudited) and Year Ended December 31, 2016
|
13
|
|
HHC-Duke Realty Development, LLC Financial Statements and Independent Auditor’s Report for the Years Ended December 31, 2016 and 2015
|
14
|
|
|
Page
|
|
Unaudited Pro Forma Condensed Consolidated Financial Information
|
24
|
|
Unaudited Pro Forma Condensed Consolidated Balance Sheet as of June 30, 2017
|
25
|
|
Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheet as of June 30, 2017
|
26
|
|
Unaudited Pro Forma Condensed Consolidated Statement of Operations for the Six Months Ended June 30, 2017
|
27
|
|
Unaudited Pro Forma Condensed Consolidated Statement of Operations for the Year Ended December 31, 2016
|
28
|
|
Notes to Unaudited Pro Forma Condensed Consolidated Statement of Operations for the Six Months Ended June 30, 2017 and Year Ended December 31, 2016
|
29
|
The Exhibit Index appearing immediately after the signature page of this Form 8-K/A is incorporated herein by reference.
|
|
|
For the Three Months Ended March 31, 2017
(unaudited)
|
|
December 31, 2016
|
||||
Revenues:
|
|
|
|
|
||||
Rental revenues, including recoveries from tenants
|
|
$
|
32,987,081
|
|
|
$
|
122,758,903
|
|
Certain Expenses:
|
|
|
|
|
||||
Operating expenses
|
|
5,220,089
|
|
|
20,968,755
|
|
||
Real estate taxes
|
|
4,775,871
|
|
|
16,196,469
|
|
||
|
|
9,995,960
|
|
|
37,165,224
|
|
||
Revenues in Excess of Certain Expenses
|
|
$
|
22,991,121
|
|
|
$
|
85,593,679
|
|
Property Name
|
|
City
|
|
State
|
|
Square Feet
|
|
Month/Year Placed in Service/Acquired
|
|
Baylor Scott & White Plano Pavilion II
|
|
Plano
|
|
TX
|
|
140,455
|
|
|
June-09
|
Baylor Scott & White McKinney POB I
|
|
McKinney
|
|
TX
|
|
115,278
|
|
|
July-12
|
Baylor Scott & White McKinney POB II
|
|
McKinney
|
|
TX
|
|
77,047
|
|
|
September-16
|
Baylor Scott & White Hillcrest MOB 1
|
|
Waco
|
|
TX
|
|
102,177
|
|
|
October-12
|
Baylor Scott & White Hillcrest MOB 2
|
|
Waco
|
|
TX
|
|
54,744
|
|
|
October-12
|
Baylor Scott & White Administration Building
|
|
Dallas
|
|
TX
|
|
81,429
|
|
|
June-09
|
Baylor Scott & White Marble Falls MOB
|
|
Marble Falls
|
|
TX
|
|
66,500
|
|
|
May-13
|
Baylor Scott & White Roney Bone & Joint Institute
|
|
Temple
|
|
TX
|
|
77,679
|
|
|
October-13
|
Baylor Scott & White Emergency Medical Center-Burleson
|
|
Burleson
|
|
TX
|
|
36,718
|
|
|
May-14
|
Baylor Scott & White Emergency Medical Center-Rockwall
|
|
Rockwall
|
|
TX
|
|
36,709
|
|
|
March-14
|
Baylor Scott & White Emergency Medical Center-Murphy
|
|
Murphy
|
|
TX
|
|
36,705
|
|
|
March-14
|
Baylor Scott & White Emergency Medical Center-Mansfield
|
|
Mansfield
|
|
TX
|
|
36,691
|
|
|
July-14
|
Baylor Scott & White Emergency Medical Center-Keller
|
|
Keller
|
|
TX
|
|
36,013
|
|
|
December-13
|
Baylor Scott & White Emergency Medical Center-Colleyville
|
|
Colleyville
|
|
TX
|
|
16,091
|
|
|
August-14
|
Columbia St. Mary’s-Water Tower
|
|
Milwaukee
|
|
WI
|
|
153,820
|
|
|
October-12
|
St. Thomas DePaul Medical Center A
|
|
Murfreesboro
|
|
TN
|
|
100,525
|
|
|
April-08
|
St. Thomas DePaul Medical Center B
|
|
Murfreesboro
|
|
TN
|
|
20,135
|
|
|
April-08
|
Seton Medical Center Hays MOB
|
|
Kyle
|
|
TX
|
|
96,829
|
|
|
December-09
|
St. Vincent Joshua Max Simon MOB
|
|
Indianapolis
|
|
IN
|
|
84,436
|
|
|
November-11
|
Columbia St. Mary’s-Mequon
|
|
Mequon
|
|
WI
|
|
66,927
|
|
|
October-12
|
Good Samaritan Western Ridge MOB II
|
|
Cincinnati
|
|
OH
|
|
29,490
|
|
|
July-11
|
Mountain View Regional Medical Center MOB
|
|
Las Cruces
|
|
NM
|
|
107,506
|
|
|
October-12
|
Longview Regional Medical Center 1
|
|
Longview
|
|
TX
|
|
100,740
|
|
|
October-12
|
Longview Regional Medical Center 2
|
|
Longview
|
|
TX
|
|
77,797
|
|
|
April-16
|
Cedar Park Regional Medical Center MOB 1
|
|
Cedar Park
|
|
TX
|
|
83,393
|
|
|
December-11
|
Property Name
|
|
City
|
|
State
|
|
Square Feet
|
|
Month/Year Placed in Service/Acquired
|
|
South Texas Regional Medical Center MOB-Jourdanton
|
|
Jourdanton
|
|
TX
|
|
48,556
|
|
|
October-14
|
Florida Hospital Wesley Chapel Wellness Plaza
|
|
Pasco County
|
|
FL
|
|
95,939
|
|
|
March-13
|
Florida Hospital Celebration MOB
|
|
Celebration
|
|
FL
|
|
83,896
|
|
|
October-12
|
Florida Hospital Kissimmee MOB
|
|
Kissimmee
|
|
FL
|
|
79,438
|
|
|
October-12
|
Florida Hospital East Orlando MOB/ASC
|
|
Orlando
|
|
FL
|
|
56,903
|
|
|
October-12
|
Florida Hospital Heartland Medical Center MOB/ASC
|
|
Sebring
|
|
FL
|
|
38,949
|
|
|
October-12
|
Harbin Clinic Martha Berry
|
|
Rome
|
|
GA
|
|
122,111
|
|
|
September-12
|
Harbin Clinic Specialty Center
|
|
Rome
|
|
GA
|
|
75,054
|
|
|
September-12
|
Harbin Clinic Cancer Center
|
|
Rome
|
|
GA
|
|
55,195
|
|
|
September-12
|
Harbin Clinic Heart Center
|
|
Rome
|
|
GA
|
|
47,438
|
|
|
September-12
|
Harbin Clinic Cedartown Dialysis
|
|
Cedartown
|
|
GA
|
|
19,497
|
|
|
September-12
|
Harbin Clinic Summerville Dialysis
|
|
Summerville
|
|
GA
|
|
7,520
|
|
|
September-12
|
Harbin Clinic Rome Dialysis
|
|
Rome
|
|
GA
|
|
6,766
|
|
|
September-12
|
Kindred Community Rehabilitation Hospital-Indianapolis
|
|
Indianapolis
|
|
IN
|
|
61,398
|
|
|
June-13
|
Kindred University Rehabilitation Hospital-Cleveland
|
|
Avon
|
|
OH
|
|
54,800
|
|
|
January-16
|
Kindred Baptist Rehabilitation Hospital-Memphis
|
|
Germantown
|
|
TN
|
|
54,416
|
|
|
October-14
|
William “Bill” Kling VA Clinic-Sunrise
|
|
Sunrise
|
|
FL
|
|
107,000
|
|
|
October-12
|
Conifer Administration Building
|
|
Frisco
|
|
TX
|
|
199,800
|
|
|
February-14
|
Carolinas Health Morehead MOB
|
|
Charlotte
|
|
NC
|
|
190,773
|
|
|
December-10
|
Houston Methodist St. Catherine MOB 1
|
|
Katy
|
|
TX
|
|
48,542
|
|
|
November-11
|
Houston Methodist St. Catherine MOB 2
|
|
Katy
|
|
TX
|
|
72,107
|
|
|
November-11
|
Houston Methodist St. Catherine MOB 3
|
|
Katy
|
|
TX
|
|
48,201
|
|
|
November-11
|
SCL Health Community Hospital-Southwest
|
|
Littleton
|
|
CO
|
|
37,485
|
|
|
May-16
|
SCL Health Community Hospital-Westminster
|
|
Westminster
|
|
CO
|
|
37,130
|
|
|
November-15
|
Loyola University Medicine-Burr Ridge
|
|
Burr Ridge
|
|
IL
|
|
104,912
|
|
|
January-12
|
Inova Fair Oaks MOB 3
|
|
Fairfax
|
|
VA
|
|
100,952
|
|
|
October-12
|
Jewish Hospital MOB
|
|
Cincinnati
|
|
OH
|
|
80,074
|
|
|
December-01
|
UNC REX Holly Springs
|
|
Holly Springs
|
|
NC
|
|
30,370
|
|
|
December-11
|
Hackensack UMC Palisades MOB
|
|
North Bergen
|
|
NJ
|
|
57,411
|
|
|
February-15
|
Edward-Elmhurst Plainfield MOB
|
|
Plainfield
|
|
IL
|
|
56,531
|
|
|
February-07
|
WellStar North Fulton MOB 2
|
|
Roswell
|
|
GA
|
|
52,175
|
|
|
October-12
|
Eastside New Hampton Place MOB
|
|
Snellville
|
|
GA
|
|
39,759
|
|
|
May-11
|
Property Name
|
|
City
|
|
State
|
|
Square Feet
|
|
Month/Year Placed in Service/Acquired
|
|
SCL Health Community Hospital-Northglenn
|
|
Northglenn
|
|
CO
|
|
55,228
|
|
|
December-16
|
SCL Health Community Hospital-Aurora
|
|
Aurora
|
|
CO
|
|
37,486
|
|
|
November-16
|
Property Name
|
|
City
|
|
State
|
|
Square Feet
|
|
Baylor Scott & White Emergency Med. Ctr-Grand Prairie
|
|
Grand Prairie
|
|
TX
|
|
27,149
|
|
Main Line Bryn Mawr MOB
|
|
Bryn Mawr
|
|
PA
|
|
101,228
|
|
Centegra Health MOB
|
|
Huntley
|
|
IL
|
|
80,973
|
|
Baptist Memorial Oxford MOB
|
|
Oxford
|
|
MS
|
|
79,585
|
|
Facey Medical
|
|
Santa Clarita
|
|
CA
|
|
37,000
|
|
Memorial Hermann MOB 1
|
|
Humble
|
|
TX
|
|
71,224
|
|
Memorial Hermann MOB II
|
|
Humble
|
|
TX
|
|
98,862
|
|
UNC Rex Holly Springs (expansion)
|
|
Holly Springs
|
|
NC
|
|
45,000
|
|
Property Name
|
|
City
|
|
State
|
|
Square Feet
|
|
Month/Year Placed in Service/Acquired
|
|
Eskenazi Administration Building
|
|
Indianapolis
|
|
IN
|
|
273,479
|
|
|
November-13
|
•
|
Depreciation and amortization.
|
•
|
Property management fees.
|
•
|
Amortization of above and below market rents, concessions and deferred revenue.
|
•
|
Other costs not directly related to the proposed future operations of the Duke Realty Healthcare Properties.
|
Future Minimum Rentals
|
|
Amount
|
||
2017
|
|
$
|
90,351,867
|
|
2018
|
|
86,271,789
|
|
|
2019
|
|
82,081,231
|
|
|
2020
|
|
75,141,130
|
|
|
2021
|
|
66,998,641
|
|
|
Thereafter
|
|
422,932,463
|
|
|
Total
|
|
$
|
823,777,121
|
|
Property Name
|
|
City
|
|
State
|
|
Square Feet
|
|
Month/Year Placed in Service/Acquired
|
|
Main Line Bryn Mawr MOB
|
|
Bryn Mawr
|
|
PA
|
|
101,228
|
|
|
March -17
|
Centegra Health MOB
|
|
Huntley
|
|
IL
|
|
80,973
|
|
|
February -17
|
Memorial Hermann MOB 1
|
|
Humble
|
|
TX
|
|
71,224
|
|
|
March -17
|
Property Name
|
|
City
|
|
State
|
|
Square Feet
|
|
Baylor Scott & White Emergency Med. Ctr-Grand Prairie
|
|
Grand Prairie
|
|
TX
|
|
27,149
|
|
Baptist Memorial Oxford MOB
|
|
Oxford
|
|
MS
|
|
79,585
|
|
Facey Medical
|
|
Santa Clarita
|
|
CA
|
|
37,000
|
|
UNC Rex Holly Springs (expansion)
|
|
Holly Springs
|
|
NC
|
|
45,000
|
|
Memorial Hermann MOB II
|
|
Humble
|
|
TX
|
|
98,862
|
|
Property Name
|
|
City
|
|
State
|
|
Square Feet
|
|
Month/Year Placed in Service/Acquired
|
|
Eskenazi Administration Building
|
|
Indianapolis
|
|
IN
|
|
273,479
|
|
|
November-13
|
|
|
For the Six Months Ended June 30, 2017
(unaudited)
|
|
December 31, 2016
|
||||
Revenues:
|
|
|
|
|
||||
Rental revenues, including recoveries from tenants
|
|
$
|
7,703,776
|
|
|
$
|
12,793,306
|
|
Certain Expenses:
|
|
|
|
|
||||
Operating expenses
|
|
1,031,273
|
|
|
1,828,153
|
|
||
Real estate taxes
|
|
1,037,311
|
|
|
1,571,699
|
|
||
|
|
2,068,584
|
|
|
3,399,852
|
|
||
Revenues in Excess of Certain Expenses
|
|
$
|
5,635,192
|
|
|
$
|
9,393,454
|
|
•
|
Depreciation and amortization.
|
•
|
Property management fees.
|
•
|
Amortization of above and below market rents, concessions and deferred revenue.
|
•
|
Other costs not directly related to the proposed future operations of the Duke Realty Healthcare Properties.
|
Future Minimum Rentals
|
|
Amount
|
||
2017
|
|
$
|
10,858,934
|
|
2018
|
|
11,003,990
|
|
|
2019
|
|
11,274,810
|
|
|
2020
|
|
11,446,590
|
|
|
2021
|
|
11,601,169
|
|
|
Thereafter
|
|
115,363,372
|
|
|
Total
|
|
$
|
171,548,865
|
|
|
|
For the Three Months Ended March 31, 2017
(unaudited)
(1)
|
|
December 31, 2016
(1)
|
||||
REVENUES
|
|
|
|
|
||||
Rental income
|
|
$
|
1,457,530
|
|
|
$
|
5,925,146
|
|
Variable rent
|
|
547,786
|
|
|
2,145,357
|
|
||
Straight-line rental income
|
|
344,484
|
|
|
1,367,738
|
|
||
Total Revenues
|
|
2,349,800
|
|
|
9,438,241
|
|
||
|
|
|
|
|
||||
EXPENSES
|
|
|
|
|
||||
Utilities
|
|
109,844
|
|
|
458,791
|
|
||
Housekeeping
|
|
154,286
|
|
|
577,578
|
|
||
Repairs and maintenance
|
|
112,027
|
|
|
448,304
|
|
||
Insurance
|
|
30,264
|
|
|
127,285
|
|
||
Security
|
|
10,000
|
|
|
40,000
|
|
||
Ground rent
|
|
48,382
|
|
|
193,528
|
|
||
Property management
|
|
81,257
|
|
|
291,102
|
|
||
General and administrative
|
|
34,409
|
|
|
88,526
|
|
||
Depreciation and amortization
|
|
508,914
|
|
|
2,081,117
|
|
||
Total Expenses
|
|
1,089,383
|
|
|
4,306,231
|
|
||
NET INCOME
|
|
$
|
1,260,417
|
|
|
$
|
5,132,010
|
|
|
|
|
|
|
||||
(1) The combined statement of income for the three months ended March 31, 2017 is unaudited and should be read in conjunction with HHC-Duke Realty Development, LLC detailed audited financial statements of independent auditors’ report for the years ended December 31, 2016 and 2015 starting on page 14 herein.
|
|
Page
|
|
Independent Auditor’s Report
|
16
|
|
|
|
|
Balance Sheets
|
17
|
|
|
|
|
Statements of Income
|
18
|
|
|
|
|
Statements of Changes in Members’ Equity
|
19
|
|
|
|
|
Statements of Cash Flows
|
20
|
|
|
|
|
Notes to Financial Statements
|
21-23
|
|
Receivable In
|
|
Rental Payments
|
||
2017
|
|
5,929,116
|
|
|
2018
|
|
6,005,700
|
|
|
2019
|
|
6,388,620
|
|
|
2020
|
|
6,388,620
|
|
|
2021
|
|
6,388,620
|
|
|
Thereafter
|
|
166,234,790
|
|
|
Total
|
|
$
|
197,335,466
|
|
Payable In
|
|
Rental Payments
|
||
2017
|
|
$
|
202,300
|
|
2018
|
|
202,300
|
|
|
2019
|
|
202,300
|
|
|
2020
|
|
202,300
|
|
|
2021
|
|
202,300
|
|
|
Thereafter
|
|
8,024,567
|
|
|
Total
|
|
$
|
9,036,067
|
|
|
|
(A)
June 30, 2017
|
|
(B)
Subsequent and Pending Acquisitions
|
|
June 30, 2017
Pro Forma
|
||||||
ASSETS
|
|
|
|
|
|
|
||||||
Real estate investments, net
|
|
$
|
5,889,161
|
|
|
$
|
203,829
|
|
|
$
|
6,092,990
|
|
Investment in unconsolidated joint venture
|
|
68,901
|
|
|
—
|
|
|
68,901
|
|
|||
Cash and cash equivalents
|
|
91,444
|
|
|
(77,377
|
)
|
|
14,067
|
|
|||
Restricted cash and escrow deposits
|
|
33,176
|
|
|
—
|
|
|
33,176
|
|
|||
Receivables and other assets, net
|
|
175,340
|
|
|
—
|
|
|
175,340
|
|
|||
Other intangibles, net
|
|
108,736
|
|
|
2,765
|
|
|
111,501
|
|
|||
Total assets
|
|
$
|
6,366,758
|
|
|
$
|
129,217
|
|
|
$
|
6,495,975
|
|
|
|
|
|
|
|
|
||||||
LIABILITIES AND EQUITY
|
|
|
|
|
|
|
||||||
Liabilities:
|
|
|
|
|
|
|
||||||
Debt
|
|
$
|
2,784,162
|
|
|
$
|
126,668
|
|
|
$
|
2,910,830
|
|
Accounts payable and accrued liabilities
|
|
135,214
|
|
|
—
|
|
|
135,214
|
|
|||
Derivative financial instruments - interest rate swaps
|
|
1,569
|
|
|
—
|
|
|
1,569
|
|
|||
Security deposits, prepaid rent and other liabilities
|
|
55,286
|
|
|
—
|
|
|
55,286
|
|
|||
Intangible liabilities, net
|
|
78,779
|
|
|
2,549
|
|
|
81,328
|
|
|||
Total liabilities
|
|
3,055,010
|
|
|
129,217
|
|
|
3,184,227
|
|
|||
|
|
|
|
|
|
|
||||||
Redeemable noncontrolling interests
|
|
4,663
|
|
|
—
|
|
|
4,663
|
|
|||
Equity:
|
|
|
|
|
|
|
||||||
Preferred stock, $0.01 par value; 200,000,000 shares authorized; none issued and outstanding
|
|
—
|
|
|
—
|
|
|
—
|
|
|||
Class A common stock, $0.01 par value; 1,000,000,000 shares authorized; 200,646,523 shares issued and outstanding as of June 30, 2017
|
|
2,006
|
|
|
—
|
|
|
2,006
|
|
|||
Additional paid-in capital
|
|
4,384,483
|
|
|
—
|
|
|
4,384,483
|
|
|||
Accumulated other comprehensive loss
|
|
(816
|
)
|
|
—
|
|
|
(816
|
)
|
|||
Cumulative dividends in excess of earnings
|
|
(1,164,607
|
)
|
|
—
|
|
|
(1,164,607
|
)
|
|||
Total stockholders’ equity
|
|
3,221,066
|
|
|
—
|
|
|
3,221,066
|
|
|||
Noncontrolling interests
|
|
86,019
|
|
|
—
|
|
|
86,019
|
|
|||
Total equity
|
|
3,307,085
|
|
|
—
|
|
|
3,307,085
|
|
|||
Total liabilities and equity
|
|
$
|
6,366,758
|
|
|
$
|
129,217
|
|
|
$
|
6,495,975
|
|
|
|
(A)
Three Months March 31, 2017
|
|
(B)
Initial Closing Assets
|
|
(C)
Other Duke Asset
|
|
(D)
Three Months
June 30, 2017
|
|
(E)
Initial Closing Assets
|
|
(F)Other Duke Asset
|
|
(G)
Subsequent and Pending Acquisitions
|
|
(H)Offerings
|
|
Other Pro Forma Adjustments
|
|
Pro Forma
Six Months
June 30, 2017
|
|
||||||||||||||||||||
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
Rental income
|
|
$
|
123,993
|
|
|
$
|
32,987
|
|
|
$
|
—
|
|
|
$
|
139,525
|
|
|
$
|
23,361
|
|
|
$
|
—
|
|
|
$
|
7,704
|
|
|
$
|
—
|
|
|
$
|
1,017
|
|
(I)(J)
|
$
|
328,587
|
|
|
Interest and other operating income
|
|
354
|
|
|
—
|
|
|
—
|
|
|
354
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
71
|
|
(I)
|
779
|
|
|
||||||||||
Total revenues
|
|
124,347
|
|
|
32,987
|
|
|
—
|
|
|
139,879
|
|
|
23,361
|
|
|
—
|
|
|
7,704
|
|
|
—
|
|
|
1,088
|
|
|
329,366
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
Expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
Rental
|
|
39,020
|
|
|
5,220
|
|
|
—
|
|
|
43,523
|
|
|
3,900
|
|
|
—
|
|
|
1,031
|
|
|
—
|
|
|
11,239
|
|
(I)(J)
|
103,933
|
|
|
||||||||||
Real estate taxes
|
|
—
|
|
|
4,776
|
|
|
—
|
|
|
—
|
|
|
3,829
|
|
|
—
|
|
|
1,038
|
|
|
—
|
|
|
(9,643
|
)
|
(I)
|
—
|
|
|
||||||||||
General and administrative
|
|
8,423
|
|
|
—
|
|
|
—
|
|
|
8,472
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
16,895
|
|
|
||||||||||
Transaction
|
|
284
|
|
|
—
|
|
|
—
|
|
|
5,073
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5,357
|
|
|
||||||||||
Depreciation and amortization
|
|
47,056
|
|
|
—
|
|
|
—
|
|
|
55,353
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
25,288
|
|
(K)
|
127,697
|
|
|
||||||||||
Impairment
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5,093
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5,093
|
|
|
||||||||||
Total expenses
|
|
94,783
|
|
|
9,996
|
|
|
—
|
|
|
117,514
|
|
|
7,729
|
|
|
—
|
|
|
2,069
|
|
|
—
|
|
|
26,884
|
|
|
258,975
|
|
|
||||||||||
Income before other income (expenses)
|
|
29,564
|
|
|
22,991
|
|
|
—
|
|
|
22,365
|
|
|
15,632
|
|
|
—
|
|
|
5,635
|
|
|
—
|
|
|
(25,796
|
)
|
|
70,391
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
Interest expense:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
Interest related to derivative financial instruments
|
|
(324
|
)
|
|
—
|
|
|
—
|
|
|
(239
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(563
|
)
|
|
||||||||||
Net gain on change in fair value of derivative financial instruments
|
|
839
|
|
|
—
|
|
|
—
|
|
|
45
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
884
|
|
|
||||||||||
Total interest related to derivative financial instruments, including net change in the fair value of derivative financial instruments
|
|
515
|
|
|
—
|
|
|
—
|
|
|
(194
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
321
|
|
|
||||||||||
Interest related to debt
|
|
(16,058
|
)
|
|
—
|
|
|
—
|
|
|
(17,706
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(13,408
|
)
|
|
(6,477
|
)
|
(L)
|
(53,649
|
)
|
|
||||||||||
Gain on sales of real estate
|
|
3
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
3
|
|
|
||||||||||
Loss on extinguishment of debt, net
|
|
(32
|
)
|
|
—
|
|
|
—
|
|
|
(10,386
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(10,418
|
)
|
|
||||||||||
Income (loss) from investments in unconsolidated joint venture
|
|
—
|
|
|
—
|
|
|
955
|
|
|
63
|
|
|
—
|
|
|
850
|
|
|
—
|
|
|
—
|
|
|
(971
|
)
|
(J)(K)
|
897
|
|
|
||||||||||
Other income
|
|
8
|
|
|
—
|
|
|
—
|
|
|
6
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
14
|
|
|
||||||||||
Net income (loss)
|
|
14,000
|
|
|
22,991
|
|
|
955
|
|
|
(5,852
|
)
|
|
15,632
|
|
|
850
|
|
|
5,635
|
|
|
(13,408
|
)
|
|
(33,244
|
)
|
|
7,559
|
|
|
||||||||||
Net income attributable to noncontrolling interests
|
|
(455
|
)
|
|
—
|
|
|
—
|
|
|
(66
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(521
|
)
|
|
||||||||||
Net income (loss) attributable to common stockholders
|
|
$
|
13,545
|
|
|
$
|
22,991
|
|
|
$
|
955
|
|
|
$
|
(5,918
|
)
|
|
$
|
15,632
|
|
|
$
|
850
|
|
|
$
|
5,635
|
|
|
$
|
(13,408
|
)
|
|
$
|
(33,244
|
)
|
|
$
|
7,038
|
|
|
Earnings per common share - basic:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
Net income attributable to common stockholders
|
|
$
|
0.10
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
0.04
|
|
(H)
|
||||||||||||||||
Earnings per common share - diluted:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Net income attributable to common stockholders
|
|
$
|
0.09
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
0.04
|
|
(H)
|
||||||||||||||||
Weighted average number of common shares outstanding:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||||
Basic
|
|
141,780
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
54,625
|
|
|
|
|
196,405
|
|
(H)
|
|||||||||||||||||
Diluted
|
|
146,117
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
54,625
|
|
|
|
|
200,742
|
|
(H)
|
|
|
(A)
December 31, 2016
|
|
(B)
Initial Closing Assets
|
|
(C)
Other Duke Asset
|
|
(G)
Subsequent and Pending Acquisitions
|
|
(H)Offerings
|
|
Other Pro Forma Adjustments
|
|
Pro Forma
December 31, 2016
|
|
||||||||||||||
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Rental income
|
|
$
|
460,563
|
|
|
$
|
122,759
|
|
|
$
|
—
|
|
|
$
|
12,793
|
|
|
$
|
—
|
|
|
$
|
2,080
|
|
(I)(J)
|
$
|
598,195
|
|
|
Interest and other operating income
|
|
365
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
95
|
|
(I)
|
460
|
|
|
|||||||
Total revenues
|
|
460,928
|
|
|
122,759
|
|
|
—
|
|
|
12,793
|
|
|
—
|
|
|
2,175
|
|
|
598,655
|
|
|
|||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Rental
|
|
143,751
|
|
|
20,969
|
|
|
—
|
|
|
1,828
|
|
|
—
|
|
|
20,961
|
|
(I)(J)
|
187,509
|
|
|
|||||||
Real estate taxes
|
|
—
|
|
|
16,196
|
|
|
—
|
|
|
1,572
|
|
|
—
|
|
|
(17,768
|
)
|
(I)
|
—
|
|
|
|||||||
General and administrative
|
|
28,773
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
28,773
|
|
|
|||||||
Transaction
|
|
6,538
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
6,538
|
|
|
|||||||
Depreciation and amortization
|
|
176,866
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
62,365
|
|
(K)
|
239,231
|
|
|
|||||||
Impairment
|
|
3,080
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
3,080
|
|
|
|||||||
Total expenses
|
|
359,008
|
|
|
37,165
|
|
|
—
|
|
|
3,400
|
|
|
—
|
|
|
65,558
|
|
|
465,131
|
|
|
|||||||
Income before other income (expenses)
|
|
101,920
|
|
|
85,594
|
|
|
—
|
|
|
9,393
|
|
|
—
|
|
|
(63,383
|
)
|
|
133,524
|
|
|
|||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Interest expense:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Interest related to derivative financial instruments
|
|
(2,377
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(2,377
|
)
|
|
|||||||
Net gain on change in fair value of derivative financial instruments
|
|
1,344
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,344
|
|
|
|||||||
Total interest related to derivative financial instruments, including net change in the fair value of derivative financial instruments
|
|
(1,033
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,033
|
)
|
|
|||||||
Interest related to debt
|
|
(59,769
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(30,550
|
)
|
|
(14,353
|
)
|
(L)
|
(104,672
|
)
|
|
|||||||
Gain on sales of real estate
|
|
8,966
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
8,966
|
|
|
|||||||
Loss on extinguishment of debt, net
|
|
(3,025
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(3,025
|
)
|
|
|||||||
Income (loss) from investments in unconsolidated joint venture
|
|
—
|
|
|
—
|
|
|
3,794
|
|
|
—
|
|
|
—
|
|
|
(2,025
|
)
|
(J)(K)
|
1,769
|
|
|
|||||||
Other income
|
|
286
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
286
|
|
|
|||||||
Net income (loss)
|
|
47,345
|
|
|
85,594
|
|
|
3,794
|
|
|
9,393
|
|
|
(30,550
|
)
|
|
(79,761
|
)
|
|
35,815
|
|
|
|||||||
Net income attributable to noncontrolling interests
|
|
(1,433
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,433
|
)
|
|
|||||||
Net income (loss) attributable to common stockholders
|
|
$
|
45,912
|
|
|
$
|
85,594
|
|
|
$
|
3,794
|
|
|
$
|
9,393
|
|
|
$
|
(30,550
|
)
|
|
$
|
(79,761
|
)
|
|
$
|
34,382
|
|
|
Earnings per common share - basic:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Net income attributable to common stockholders
|
|
$
|
0.34
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
0.18
|
|
(H)
|
||||||||||
Earnings per common share - diluted:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Net income attributable to common stockholders
|
|
$
|
0.33
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
0.18
|
|
(H)
|
||||||||||
Weighted average number of common shares outstanding:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Basic
|
|
136,620
|
|
|
|
|
|
|
|
|
54,625
|
|
|
|
|
191,245
|
|
(H)
|
|||||||||||
Diluted
|
|
140,259
|
|
|
|
|
|
|
|
|
54,625
|
|
|
|
|
194,884
|
|
(H)
|
|
Healthcare Trust of America, Inc.
|
|
|
Date: August 18, 2017
|
By:
|
/s/ Scott D. Peters
|
|
|
|
Name: Scott D. Peters
|
|
|
|
Title: Chief Executive Officer, President and Chairman
|
|
|
Healthcare Trust of America Holdings, LP
|
|
|
|
|
|
|
|
By:
|
Healthcare Trust of America, Inc.,
|
|
|
|
its General Partner
|
|
|
|
|
|
Date: August 18, 2017
|
By:
|
/s/ Scott D. Peters
|
|
|
|
Name: Scott D. Peters
|
|
|
|
Title: Chief Executive Officer, President and Chairman
|
|
23.1
|
Consent of KPMG LLP.
|
23.2
|
Consent of Katz, Sapper & Miller, LLP.
|