10-Q 1 hta-20210930.htm 10-Q hta-20210930
0001360604false2021Q312/310001495491Q3false202112/31P3YP3M00013606042021-01-012021-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMember2021-01-012021-09-30xbrli:shares00013606042021-10-28iso4217:USD00013606042021-09-3000013606042020-12-31iso4217:USDxbrli:shares00013606042021-07-012021-09-3000013606042020-07-012020-09-3000013606042020-01-012020-09-300001360604us-gaap:CommonStockMember2019-12-310001360604us-gaap:AdditionalPaidInCapitalMember2019-12-310001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001360604us-gaap:RetainedEarningsMember2019-12-310001360604us-gaap:ParentMember2019-12-310001360604us-gaap:NoncontrollingInterestMember2019-12-3100013606042019-12-310001360604us-gaap:CommonStockMember2020-01-012020-03-310001360604us-gaap:AdditionalPaidInCapitalMember2020-01-012020-03-310001360604us-gaap:ParentMember2020-01-012020-03-3100013606042020-01-012020-03-310001360604us-gaap:NoncontrollingInterestMember2020-01-012020-03-310001360604us-gaap:RetainedEarningsMember2020-01-012020-03-310001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001360604us-gaap:CommonStockMember2020-03-310001360604us-gaap:AdditionalPaidInCapitalMember2020-03-310001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310001360604us-gaap:RetainedEarningsMember2020-03-310001360604us-gaap:ParentMember2020-03-310001360604us-gaap:NoncontrollingInterestMember2020-03-3100013606042020-03-310001360604us-gaap:NoncontrollingInterestMember2020-04-012020-06-3000013606042020-04-012020-06-300001360604us-gaap:CommonStockMember2020-04-012020-06-300001360604us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300001360604us-gaap:ParentMember2020-04-012020-06-300001360604us-gaap:RetainedEarningsMember2020-04-012020-06-300001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001360604us-gaap:CommonStockMember2020-06-300001360604us-gaap:AdditionalPaidInCapitalMember2020-06-300001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300001360604us-gaap:RetainedEarningsMember2020-06-300001360604us-gaap:ParentMember2020-06-300001360604us-gaap:NoncontrollingInterestMember2020-06-3000013606042020-06-300001360604us-gaap:CommonStockMember2020-07-012020-09-300001360604us-gaap:AdditionalPaidInCapitalMember2020-07-012020-09-300001360604us-gaap:ParentMember2020-07-012020-09-300001360604us-gaap:NoncontrollingInterestMember2020-07-012020-09-300001360604us-gaap:RetainedEarningsMember2020-07-012020-09-300001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-07-012020-09-300001360604us-gaap:CommonStockMember2020-09-300001360604us-gaap:AdditionalPaidInCapitalMember2020-09-300001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-09-300001360604us-gaap:RetainedEarningsMember2020-09-300001360604us-gaap:ParentMember2020-09-300001360604us-gaap:NoncontrollingInterestMember2020-09-3000013606042020-09-300001360604us-gaap:CommonStockMember2020-12-310001360604us-gaap:AdditionalPaidInCapitalMember2020-12-310001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001360604us-gaap:RetainedEarningsMember2020-12-310001360604us-gaap:ParentMember2020-12-310001360604us-gaap:NoncontrollingInterestMember2020-12-310001360604us-gaap:CommonStockMember2021-01-012021-03-310001360604us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-310001360604us-gaap:ParentMember2021-01-012021-03-3100013606042021-01-012021-03-310001360604us-gaap:NoncontrollingInterestMember2021-01-012021-03-310001360604us-gaap:RetainedEarningsMember2021-01-012021-03-310001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310001360604us-gaap:CommonStockMember2021-03-310001360604us-gaap:AdditionalPaidInCapitalMember2021-03-310001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310001360604us-gaap:RetainedEarningsMember2021-03-310001360604us-gaap:ParentMember2021-03-310001360604us-gaap:NoncontrollingInterestMember2021-03-3100013606042021-03-310001360604us-gaap:CommonStockMember2021-04-012021-06-300001360604us-gaap:AdditionalPaidInCapitalMember2021-04-012021-06-300001360604us-gaap:ParentMember2021-04-012021-06-3000013606042021-04-012021-06-300001360604us-gaap:NoncontrollingInterestMember2021-04-012021-06-300001360604us-gaap:RetainedEarningsMember2021-04-012021-06-300001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300001360604us-gaap:CommonStockMember2021-06-300001360604us-gaap:AdditionalPaidInCapitalMember2021-06-300001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-300001360604us-gaap:RetainedEarningsMember2021-06-300001360604us-gaap:ParentMember2021-06-300001360604us-gaap:NoncontrollingInterestMember2021-06-3000013606042021-06-300001360604us-gaap:CommonStockMember2021-07-012021-09-300001360604us-gaap:AdditionalPaidInCapitalMember2021-07-012021-09-300001360604us-gaap:ParentMember2021-07-012021-09-300001360604us-gaap:NoncontrollingInterestMember2021-07-012021-09-300001360604us-gaap:RetainedEarningsMember2021-07-012021-09-300001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-07-012021-09-300001360604us-gaap:CommonStockMember2021-09-300001360604us-gaap:AdditionalPaidInCapitalMember2021-09-300001360604us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-09-300001360604us-gaap:RetainedEarningsMember2021-09-300001360604us-gaap:ParentMember2021-09-300001360604us-gaap:NoncontrollingInterestMember2021-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMember2021-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMember2020-12-310001360604hta:HealthcareTrustofAmericaHoldingsLPMember2021-07-012021-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMember2020-07-012020-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMember2020-01-012020-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2019-12-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2019-12-310001360604hta:HealthcareTrustofAmericaHoldingsLPMember2019-12-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2020-01-012020-03-310001360604hta:HealthcareTrustofAmericaHoldingsLPMember2020-01-012020-03-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2020-01-012020-03-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2020-03-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2020-03-310001360604hta:HealthcareTrustofAmericaHoldingsLPMember2020-03-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2020-04-012020-06-300001360604hta:HealthcareTrustofAmericaHoldingsLPMember2020-04-012020-06-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2020-04-012020-06-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2020-06-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2020-06-300001360604hta:HealthcareTrustofAmericaHoldingsLPMember2020-06-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2020-07-012020-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2020-07-012020-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2020-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2020-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMember2020-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2020-12-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2020-12-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2021-01-012021-03-310001360604hta:HealthcareTrustofAmericaHoldingsLPMember2021-01-012021-03-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2021-01-012021-03-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2021-03-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2021-03-310001360604hta:HealthcareTrustofAmericaHoldingsLPMember2021-03-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2021-04-012021-06-300001360604hta:HealthcareTrustofAmericaHoldingsLPMember2021-04-012021-06-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2021-04-012021-06-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2021-06-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2021-06-300001360604hta:HealthcareTrustofAmericaHoldingsLPMember2021-06-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2021-07-012021-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2021-07-012021-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:GeneralPartnerMember2021-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2021-09-30hta:statehta:propertyExchange0001360604us-gaap:BuildingAndBuildingImprovementsMember2021-07-012021-09-300001360604us-gaap:BuildingAndBuildingImprovementsMember2020-07-012020-09-300001360604us-gaap:BuildingAndBuildingImprovementsMember2021-01-012021-09-300001360604us-gaap:BuildingAndBuildingImprovementsMember2020-01-012020-09-300001360604srt:MinimumMember2021-09-300001360604srt:MaximumMember2021-09-300001360604srt:MaximumMember2021-01-012021-09-300001360604srt:MinimumMember2021-01-012021-09-3000013606042020-01-012020-12-31hta:property0001360604us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember2020-12-310001360604us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember2021-09-30xbrli:pure0001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:LimitedPartnerMember2021-01-012021-09-300001360604us-gaap:SubsequentEventMember2021-10-012021-11-050001360604hta:PropertyPortfolioInTennesseeVirginiaAndMinnesotaMember2021-01-012021-09-300001360604hta:LandInTennesseeVirginiaAndMinnesotaMember2021-01-012021-09-300001360604hta:LandinMiamiFloridaMember2020-01-012020-09-300001360604us-gaap:LeasesAcquiredInPlaceMember2021-09-300001360604us-gaap:LeasesAcquiredInPlaceMember2021-01-012021-09-300001360604us-gaap:LeasesAcquiredInPlaceMember2020-12-310001360604us-gaap:LeasesAcquiredInPlaceMember2020-01-012020-12-310001360604us-gaap:CustomerRelationshipsMember2021-09-300001360604us-gaap:CustomerRelationshipsMember2021-01-012021-09-300001360604us-gaap:CustomerRelationshipsMember2020-12-310001360604us-gaap:CustomerRelationshipsMember2020-01-012020-12-310001360604us-gaap:AboveMarketLeasesMember2021-09-300001360604us-gaap:AboveMarketLeasesMember2021-01-012021-09-300001360604us-gaap:AboveMarketLeasesMember2020-12-310001360604us-gaap:AboveMarketLeasesMember2020-01-012020-12-310001360604hta:BelowMarketLeaseMember2021-09-300001360604hta:BelowMarketLeaseMember2021-01-012021-09-300001360604hta:BelowMarketLeaseMember2020-12-310001360604hta:BelowMarketLeaseMember2020-01-012020-12-310001360604hta:RentalIncomeMember2021-07-012021-09-300001360604hta:RentalIncomeMember2020-07-012020-09-300001360604hta:RentalIncomeMember2021-01-012021-09-300001360604hta:RentalIncomeMember2020-01-012020-09-300001360604hta:LeasesAcquiredInPlaceAndCustomerRelationshipsMember2021-07-012021-09-300001360604hta:LeasesAcquiredInPlaceAndCustomerRelationshipsMember2020-07-012020-09-300001360604hta:LeasesAcquiredInPlaceAndCustomerRelationshipsMember2021-01-012021-09-300001360604hta:LeasesAcquiredInPlaceAndCustomerRelationshipsMember2020-01-012020-09-30hta:lease0001360604us-gaap:RevolvingCreditFacilityMember2021-09-300001360604us-gaap:RevolvingCreditFacilityMember2020-12-310001360604us-gaap:UnsecuredDebtMember2021-09-300001360604us-gaap:UnsecuredDebtMember2020-12-310001360604us-gaap:SeniorNotesMember2021-09-300001360604us-gaap:SeniorNotesMember2020-12-310001360604us-gaap:MortgagesMember2021-09-300001360604us-gaap:MortgagesMember2020-12-310001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:RevolvingCreditFacilityMember2021-09-300001360604us-gaap:LineOfCreditMemberhta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:RevolvingCreditFacilityMember2021-09-300001360604hta:ThreeHundredMillionUnsecuredTermLoanMemberus-gaap:UnsecuredDebtMemberhta:HealthcareTrustofAmericaHoldingsLPMember2021-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:RevolvingCreditFacilityMembersrt:MinimumMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-01-012021-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:RevolvingCreditFacilityMembersrt:MaximumMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-01-012021-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:RevolvingCreditFacilityMembersrt:MinimumMember2021-01-012021-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:RevolvingCreditFacilityMembersrt:MaximumMember2021-01-012021-09-300001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:RevolvingCreditFacilityMember2021-01-012021-09-300001360604hta:ThreeHundredMillionUnsecuredTermLoanMemberus-gaap:UnsecuredDebtMembersrt:MinimumMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-01-012021-09-300001360604hta:ThreeHundredMillionUnsecuredTermLoanMemberus-gaap:UnsecuredDebtMembersrt:MaximumMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-01-012021-09-300001360604hta:ThreeHundredMillionUnsecuredTermLoanMemberus-gaap:UnsecuredDebtMember2021-01-012021-09-300001360604hta:ThreeHundredMillionUnsecuredTermLoanMemberus-gaap:UnsecuredDebtMember2021-09-300001360604us-gaap:LineOfCreditMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:SubsequentEventMember2021-10-060001360604us-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2021-10-060001360604us-gaap:LineOfCreditMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:SubsequentEventMembersrt:MinimumMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-10-062021-10-060001360604us-gaap:LineOfCreditMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:SubsequentEventMembersrt:MaximumMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-10-062021-10-060001360604us-gaap:LineOfCreditMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:SubsequentEventMembersrt:MinimumMember2021-10-062021-10-060001360604us-gaap:LineOfCreditMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:SubsequentEventMembersrt:MaximumMember2021-10-062021-10-060001360604us-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMembersrt:MinimumMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-10-062021-10-060001360604us-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMembersrt:MaximumMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-10-062021-10-060001360604us-gaap:LineOfCreditMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:SubsequentEventMembersrt:MinimumMemberus-gaap:BaseRateMember2021-10-062021-10-060001360604us-gaap:LineOfCreditMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:SubsequentEventMembersrt:MaximumMemberus-gaap:BaseRateMember2021-10-062021-10-060001360604us-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMembersrt:MinimumMemberus-gaap:BaseRateMember2021-10-062021-10-060001360604us-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMembersrt:MaximumMemberus-gaap:BaseRateMember2021-10-062021-10-060001360604us-gaap:UnsecuredDebtMemberhta:HealthcareTrustofAmericaHoldingsLPMemberhta:TwoHundredMillionUnsecuredTermLoanMember2021-09-300001360604us-gaap:UnsecuredDebtMemberhta:HealthcareTrustofAmericaHoldingsLPMembersrt:MinimumMemberus-gaap:LondonInterbankOfferedRateLIBORMemberhta:TwoHundredMillionUnsecuredTermLoanMember2021-01-012021-09-300001360604us-gaap:UnsecuredDebtMemberhta:HealthcareTrustofAmericaHoldingsLPMembersrt:MaximumMemberus-gaap:LondonInterbankOfferedRateLIBORMemberhta:TwoHundredMillionUnsecuredTermLoanMember2021-01-012021-09-300001360604us-gaap:UnsecuredDebtMemberhta:HealthcareTrustofAmericaHoldingsLPMemberhta:TwoHundredMillionUnsecuredTermLoanMember2021-01-012021-09-300001360604us-gaap:SeniorNotesMemberhta:HealthcareTrustofAmericaHoldingsLPMemberhta:A600.0MillionUnsecuredSeniorNotesDue2026Member2021-09-300001360604us-gaap:SeniorNotesMemberhta:UnsecuredSeniorNotes650.0MillionMemberhta:HealthcareTrustofAmericaHoldingsLPMember2019-09-300001360604us-gaap:SeniorNotesMemberhta:UnsecuredSeniorNotes250.0MillionMemberhta:HealthcareTrustofAmericaHoldingsLPMember2019-09-012019-09-300001360604us-gaap:SeniorNotesMemberhta:HealthcareTrustofAmericaHoldingsLPMemberhta:UnsecuredSeniorNotes350.0MillionMember2016-07-120001360604us-gaap:SeniorNotesMemberhta:HealthcareTrustofAmericaHoldingsLPMemberhta:A600.0MillionUnsecuredSeniorNotesDue2026Member2019-09-300001360604us-gaap:SeniorNotesMemberhta:HealthcareTrustofAmericaHoldingsLPMemberhta:UnsecuredSeniorNotes350.0MillionMember2019-09-300001360604us-gaap:SeniorNotesMemberhta:UnsecuredSeniorNotes250.0MillionMemberhta:HealthcareTrustofAmericaHoldingsLPMember2019-09-300001360604us-gaap:SeniorNotesMemberhta:HealthcareTrustofAmericaHoldingsLPMemberhta:UnsecuredSeniorNotesDueJuly2027Member2017-12-310001360604us-gaap:SeniorNotesMemberhta:HealthcareTrustofAmericaHoldingsLPMemberhta:UnsecuredSeniorNotesDueJuly2027Member2021-09-300001360604us-gaap:SeniorNotesMemberhta:UnsecuredSeniorNotes650.0MillionMemberhta:HealthcareTrustofAmericaHoldingsLPMember2021-09-300001360604us-gaap:SeniorNotesMemberhta:UnsecuredSeniorNotes8000MillionMemberhta:HealthcareTrustofAmericaHoldingsLPMember2021-09-300001360604us-gaap:SeniorNotesMemberhta:UnsecuredSeniorNotes8000MillionMemberhta:HealthcareTrustofAmericaHoldingsLPMember2020-09-012020-09-300001360604us-gaap:SeniorNotesMemberhta:UnsecuredSeniorNotes8000MillionMemberhta:HealthcareTrustofAmericaHoldingsLPMember2020-09-30hta:derivative0001360604us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2021-09-300001360604us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMemberhta:ReceivablesandOtherAssetsMember2021-09-300001360604us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMemberhta:ReceivablesandOtherAssetsMember2020-12-310001360604us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2021-09-300001360604us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2020-12-310001360604us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2021-07-012021-09-300001360604us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2020-07-012020-09-300001360604us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2021-01-012021-09-300001360604us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2020-01-012020-09-300001360604us-gaap:UnfundedLoanCommitmentMember2021-09-30hta:arrangement0001360604us-gaap:SubsequentEventMember2021-11-042021-11-040001360604hta:HealthcareTrustofAmericaHoldingsLPMemberus-gaap:SubsequentEventMember2021-11-042021-11-040001360604hta:AmendedAndRestated2006IncentivePlanMember2021-09-300001360604us-gaap:RestrictedStockMemberus-gaap:GeneralAndAdministrativeExpenseMember2021-07-012021-09-300001360604us-gaap:RestrictedStockMemberus-gaap:GeneralAndAdministrativeExpenseMember2021-01-012021-09-300001360604us-gaap:RestrictedStockMemberus-gaap:GeneralAndAdministrativeExpenseMember2020-07-012020-09-300001360604us-gaap:RestrictedStockMemberus-gaap:GeneralAndAdministrativeExpenseMember2020-01-012020-09-300001360604us-gaap:RestrictedStockMember2021-09-300001360604us-gaap:RestrictedStockMember2021-01-012021-09-300001360604us-gaap:RestrictedStockMember2020-12-310001360604us-gaap:RestrictedStockMember2019-12-310001360604us-gaap:RestrictedStockMember2020-01-012020-09-300001360604us-gaap:RestrictedStockMember2020-09-300001360604us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2021-09-300001360604us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2021-09-300001360604us-gaap:FairValueInputsLevel2Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001360604us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001360604us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Memberhta:MedicalOfficeBuildingMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001360604us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Memberhta:MedicalOfficeBuildingMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001360604hta:MedicalOfficeBuildingMember2021-01-012021-09-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2021
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from            to            
Commission File Number: 001-35568 (Healthcare Trust of America, Inc.)
Commission File Number: 333-190916 (Healthcare Trust of America Holdings, LP)
_________________________ 
HEALTHCARE TRUST OF AMERICA, INC.
HEALTHCARE TRUST OF AMERICA HOLDINGS, LP
(Exact name of registrant as specified in its charter)
Maryland(Healthcare Trust of America, Inc.)20-4738467
Delaware(Healthcare Trust of America Holdings, LP)20-4738347
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
16435 N. Scottsdale Road, Suite 320,Scottsdale,Arizona85254
(480)
998-3478
(Address of Principal Executive Office and Zip Code)
(Registrant’s telephone number, including area code)
www.htareit.com
(Internet address)
N/A
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Common stock, $0.01 par valueHTANew York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    
Healthcare Trust of America, Inc.
Yes
¨ No
Healthcare Trust of America Holdings, LP
Yes
¨ No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    
Healthcare Trust of America, Inc.
Yes
¨ No
Healthcare Trust of America Holdings, LP
Yes
¨ No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Healthcare Trust of America, Inc.
Large accelerated filer Accelerated filer Non-accelerated filer
Healthcare Trust of America Holdings, LPLarge accelerated filer Accelerated filer
Non-accelerated filer
Healthcare Trust of America, Inc.Smaller reporting company Emerging growth company
Healthcare Trust of America Holdings, LPSmaller reporting company Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Healthcare Trust of America, Inc.
Healthcare Trust of America Holdings, LP
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Healthcare Trust of America, Inc.Yes
x No
Healthcare Trust of America Holdings, LPYes
x No
As of October 28, 2021, there were 220,838,102 shares of Class A common stock of Healthcare Trust of America, Inc. outstanding.




Explanatory Note
This quarterly report combines the Quarterly Reports on Form 10-Q (“Quarterly Report”) for the quarter ended September 30, 2021, of Healthcare Trust of America, Inc. (“HTA”), a Maryland corporation, and Healthcare Trust of America Holdings, LP (“HTALP”), a Delaware limited partnership. Unless otherwise indicated or unless the context requires otherwise, all references in this Quarterly Report to “we,” “us,” “our,” “the Company” or “our Company” refer to HTA and HTALP, collectively, and all references to “common stock” shall refer to the Class A common stock of HTA.
HTA operates as a real estate investment trust (“REIT”) and is the general partner of HTALP. As of September 30, 2021, HTA owned a 97.9% partnership interest in HTALP, and other limited partners, including some of HTA’s directors, executive officers and their affiliates, owned the remaining partnership interest (including the long-term incentive plan units (“LTIP” Units)) in HTALP. As the sole general partner of HTALP, HTA has the full, exclusive and complete responsibility for HTALP’s day-to-day management and control, including its compliance with the Securities and Exchange Commission (“SEC”) filing requirements.
We believe it is important to understand the few differences between HTA and HTALP in the context of how we operate as an integrated consolidated company. HTA operates as an umbrella partnership REIT structure in which HTALP and its subsidiaries hold substantially all of the assets. HTA’s only material asset is its ownership of partnership units of HTALP. As a result, HTA does not conduct business itself, other than acting as the sole general partner of HTALP, issuing public equity from time to time and guaranteeing certain debts of HTALP. HTALP conducts the operations of the business and issues publicly-traded debt, but has no publicly-traded equity. Except for net proceeds from public equity issuances by HTA, which are generally contributed to HTALP in exchange for partnership units of HTALP, HTALP generates the capital required for the business through its operations and by direct or indirect incurrence of indebtedness or through the issuance of its partnership units (“OP Units”).
Non-controlling interests, stockholders’ equity and partners’ capital are the primary areas of difference between the condensed consolidated financial statements of HTA and HTALP. Limited partnership units in HTALP are accounted for as partners’ capital in HTALP’s condensed consolidated balance sheets and as a non-controlling interest reflected within equity in HTA’s condensed consolidated balance sheets. The differences between HTA’s stockholders’ equity and HTALP’s partners’ capital are due to the differences in the equity issued by HTA and HTALP, respectively.
We believe combining the Quarterly Reports of HTA and HTALP, including the notes to the condensed consolidated financial statements, into this single Quarterly Report results in the following benefits:
enhances stockholders’ understanding of HTA and HTALP by enabling stockholders to view the business as a whole in the same manner that management views and operates the business;
eliminates duplicative disclosure and provides a more streamlined and readable presentation since a substantial portion of the disclosure in this Quarterly Report applies to both HTA and HTALP; and
creates time and cost efficiencies through the preparation of a single combined Quarterly Report instead of two separate Quarterly Reports.
In order to highlight the material differences between HTA and HTALP, this Quarterly Report includes sections that separately present and discuss areas that are materially different between HTA and HTALP, including:
the condensed consolidated financial statements;
certain accompanying notes to the condensed consolidated financial statements, including Note 8 - Debt, Note 11 - Stockholders’ Equity and Partners’ Capital, Note 13 - Per Share Data of HTA, and Note 14 - Per Unit Data of HTALP;
as defined by the National Association of Real Estate Investment Trusts (“NAREIT”), the Funds From Operations (“FFO”) and Normalized FFO in Part 1, Item 2 of this Quarterly Report;
the Controls and Procedures in Part 1, Item 4 of this Quarterly Report; and
the Certifications of the Chief Executive Officer and the Chief Financial Officer included as Exhibits 31 and 32 to this Quarterly Report.
In the sections of this Quarterly Report that combine disclosure for HTA and HTALP, this Quarterly Report refers to actions or holdings as being actions or holdings of the Company. Although HTALP (directly or indirectly through one of its subsidiaries) is generally the entity that enters into contracts, holds assets and issues or incurs debt, management believes this presentation is appropriate for the reasons set forth above and because the business of the Company is a single integrated enterprise operated through HTALP.
2



HEALTHCARE TRUST OF AMERICA, INC. AND
HEALTHCARE TRUST OF AMERICA HOLDINGS, LP
TABLE OF CONTENTS
 
  Page
Healthcare Trust of America, Inc.
Healthcare Trust of America Holdings, LP
Notes for Healthcare Trust of America, Inc. and Healthcare Trust of America Holdings, LP





3


PART I - FINANCIAL INFORMATION
Item 1. Financial Statements (Unaudited)
HEALTHCARE TRUST OF AMERICA, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except for share and per share data)
(Unaudited)
September 30, 2021December 31, 2020
ASSETS
Real estate investments:
Land$625,092 $596,269 
Building and improvements6,701,356 6,507,816 
Lease intangibles506,010 628,621 
Construction in progress28,878 80,178 
7,861,336 7,812,884 
Accumulated depreciation and amortization(1,747,354)(1,702,719)
Real estate investments, net
6,113,982 6,110,165 
Assets held for sale, net27,049  
Investment in unconsolidated joint venture63,213 64,360 
Cash and cash equivalents12,836 115,407 
Restricted cash6,628 3,358 
Receivables and other assets, net 314,977 251,728 
Right-of-use assets - operating leases, net227,564 235,223 
Other intangibles, net9,382 10,451 
Total assets $6,775,631 $6,790,692 
LIABILITIES AND EQUITY
Liabilities:
Debt $3,079,190 $3,026,999 
Accounts payable and accrued liabilities178,024 200,358 
Liabilities of assets held for sale263  
Derivative financial instruments - interest rate swaps9,377 14,957 
Security deposits, prepaid rent and other liabilities82,852 82,553 
Lease liabilities - operating leases195,115 198,367 
Intangible liabilities, net31,473 32,539 
Total liabilities 3,576,294 3,555,773 
Commitments and contingencies
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; 220,839,006 and 218,578,012 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively
2,208 2,186 
Additional paid-in capital 4,973,001 4,916,784 
Accumulated other comprehensive loss(11,327)(16,979)
Cumulative dividends in excess of earnings(1,857,714)(1,727,752)
Total stockholders’ equity3,106,168 3,174,239 
Non-controlling interests93,169 60,680 
Total equity3,199,337 3,234,919 
Total liabilities and equity $6,775,631 $6,790,692 
The accompanying notes are an integral part of these condensed consolidated financial statements.
4


HEALTHCARE TRUST OF AMERICA, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except for per share data)
(Unaudited)
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Revenues:
Rental income$189,832 $187,258 $569,676 $551,459 
Interest and other operating income
1,430 68 1,694 488 
Total revenues191,262 187,326 571,370 551,947 
Expenses:
Rental59,568 57,248 176,556 170,310 
General and administrative10,765 10,670 32,254 32,348 
Transaction137 125 299 297 
Depreciation and amortization76,056 75,892 227,307 228,484 
Interest expense
23,331 23,136 69,450 71,285 
Impairment  16,825  
Total expenses169,857 167,071 522,691 502,724 
Gain on sale of real estate, net143  32,896 1,991 
Loss on extinguishment of debt, net (27,726) (27,726)
Income from unconsolidated joint venture400 422 1,198 1,223 
Other income 94 117 401 290 
Net income (loss)$22,042 $(6,932)$83,174 $25,001 
Net (income) loss attributable to non-controlling interests
(370)105 (1,461)(438)
Net income (loss) attributable to common stockholders $21,672 $(6,827)$81,713 $24,563 
Earnings per common share - basic:
Net income (loss) attributable to common stockholders $0.10 $(0.03)$0.37 $0.11 
Earnings per common share - diluted:
Net income (loss) attributable to common stockholders $0.10 $(0.03)$0.37 $0.11 
Weighted average common shares outstanding:
Basic218,820 218,549 218,798 217,911 
Diluted222,811 218,549 222,470 221,521 
The accompanying notes are an integral part of these condensed consolidated financial statements.
5


HEALTHCARE TRUST OF AMERICA, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In thousands)
(Unaudited)
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Net income (loss)$22,042 $(6,932)$83,174 $25,001 
Other comprehensive income (loss)
Change in unrealized gains (losses) on cash flow hedges1,435 2,054 5,750 (23,672)
Total other comprehensive income (loss)1,435 2,054 5,750 (23,672)
Total comprehensive income (loss) 23,477 (4,878)88,924 1,329 
Comprehensive income (loss) attributable to non-controlling interests(398)73 (1,559)(59)
Total comprehensive income (loss) attributable to common stockholders$23,079 $(4,805)$87,365 $1,270 
The accompanying notes are an integral part of these condensed consolidated financial statements.

6


HEALTHCARE TRUST OF AMERICA, INC.
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
(In thousands)
(Unaudited)
 Class A Common StockAdditional Paid-In CapitalAccumulated Other Comprehensive Income (Loss)Cumulative Dividends in Excess of EarningsTotal Stockholders’ EquityNon-controlling InterestsTotal Equity
 SharesAmount
Balance as of December 31, 2019216,453 $2,165 $4,854,042 $4,546 $(1,502,744)$3,358,009 $72,635 $3,430,644 
Issuance of common stock, net1,675 17 50,003 — — 50,020 — 50,020 
Share-based award transactions, net
236 2 3,201 — — 3,203 — 3,203 
Repurchase and cancellation of common stock
(154)(2)(4,622)— — (4,624)— (4,624)
Redemption of non-controlling interest and other273 3 6,773 — — 6,776 (6,776) 
Dividends declared ($0.315 per common share)
— — — — (68,867)(68,867)(1,134)(70,001)
Net income
— — — — 17,901 17,901 307 18,208 
Other comprehensive loss
— — — (22,138)— (22,138)(360)(22,498)
Balance as of March 31, 2020218,483 2,185 4,909,397 (17,592)(1,553,710)3,340,280 64,672 3,404,952 
Issuance of OP Units in HTALP— — — — — — 1,378 1,378 
Share-based award transactions, net
(1)— 2,100 — — 2,100 — 2,100 
Repurchase and cancellation of common stock
(7)— (174)— — (174)— (174)
Redemption of non-controlling interest and other40 — 1,096 — — 1,096 (1,096) 
Dividends declared ($0.315) per common share)
— — — — (68,827)(68,827)(1,162)(69,989)
Net Income— — — — 13,489 13,489 236 13,725 
Other comprehensive loss— — — (3,176)— (3,176)(52)(3,228)
Balance as of June 30, 2020218,515 2,185 4,912,419 (20,768)(1,609,048)3,284,788 63,976 3,348,764 
Share-based award transactions, net
28 1 1,831 — — 1,832 — 1,832 
Repurchase and cancellation of common stock
(11)— (296)— — (296)— (296)
Redemption of non-controlling interest and other34 — 813 — — 813 (813) 
Dividends declared ($0.320) per common share)
— — — — (69,938)(69,938)(1,133)(71,071)
Net loss— — — — (6,827)(6,827)(105)(6,932)
Other comprehensive income— — — 2,021 — 2,021 33 2,054 
Balance as of September 30, 2020218,566 $2,186 $4,914,767 $(18,747)$(1,685,813)$3,212,393 $61,958 $3,274,351 


















7


HEALTHCARE TRUST OF AMERICA, INC.
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Cont’d)
(In thousands)
(Unaudited)
 Class A Common StockAdditional Paid-In CapitalAccumulated Other Comprehensive Income (Loss)Cumulative Dividends in Excess of EarningsTotal Stockholders’ EquityNon-controlling InterestsTotal Equity
 SharesAmount
Balance as of December 31, 2020218,578 $2,186 $4,916,784 $(16,979)$(1,727,752)$3,174,239 $60,680 $3,234,919 
Issuance of common stock, net   — —  —  
Share-based award transactions, net
354 3 3,334 — — 3,337 — 3,337 
Repurchase and cancellation of common stock
(119)(1)(3,247)— — (3,248)— (3,248)
Redemption of non-controlling interest and other11 — 255 — — 255 (255) 
Dividends declared ($0.320) per common share)
— — — — (70,023)(70,023)(1,183)(71,206)
Net income
— — — — 22,030 22,030 363 22,393 
Other comprehensive income— — — 2,748 — 2,748 44 2,792 
Balance as of March 31, 2021218,824 2,188 4,917,126 (14,231)(1,775,745)3,129,338 59,649 3,188,987 
Share-based award transactions, net
(6)— 2,065 — — 2,065 — 2,065 
Repurchase and cancellation of common stock
(5)— (129)— — (129)— (129)
Redemption of non-controlling interest and other13 — 291 — — 291 (291) 
Dividends declared ($0.320) per common share)
— — — — (70,019)(70,019)(1,278)(71,297)
Net income
— — — — 38,011 38,011 728 38,739 
Other comprehensive income— — — 1,497 — 1,497 26 1,523 
Balance as of June 30, 2021218,826 2,188 4,919,353 (12,734)(1,807,753)3,101,054 58,834 3,159,888 
Issuance of common stock, net2,000 20 53,715 — — 53,735 — 53,735 
Issuance of OP Units in HTALP in connection with acquisitions— — — — — — 35,785 35,785 
Share-based award transactions, net
— — (368)— — (368)— (368)
Repurchase and cancellation of common stock
— — (12)— — (12)— (12)
Redemption of non-controlling interest and other13 — 313 — — 313 (313) 
Dividends declared ($0.325) per common share)
— — — — (71,633)(71,633)(1,535)(73,168)
Net income
— — — — 21,672 21,672 370 22,042 
Other comprehensive income— — — 1,407 — 1,407 28 1,435 
Balance as of September 30, 2021220,839 $2,208 $4,973,001 $(11,327)$(1,857,714)$3,106,168 $93,169 $3,199,337 
The accompanying notes are an integral part of these condensed consolidated financial statements.

8


HEALTHCARE TRUST OF AMERICA, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
Nine Months Ended September 30,
 20212020
Cash flows from operating activities:
Net income $83,174 $25,001 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
212,332 211,843 
Share-based compensation expense5,034 7,135 
Income from unconsolidated joint venture(1,198)(1,223)
Distributions from unconsolidated joint venture2,345 2,455 
Impairment16,825  
Gain on sale of real estate, net(32,896)(1,991)
Loss on extinguishment of debt, net 27,726 
Changes in operating assets and liabilities:
Receivables and other assets, net(3,214)3,282 
Accounts payable and accrued liabilities(8,755)(11,787)
Security deposits, prepaid rent and other liabilities(2,029)7,227 
Net cash provided by operating activities271,618 269,668 
Cash flows from investing activities:
Investments in real estate (147,303)(52,553)
Development of real estate(48,482)(49,479)
Proceeds from the sale of real estate67,621 6,420 
Capital expenditures(78,047)(59,016)
Collection of real estate notes receivable15,405 709 
Advances on real estate notes receivable(66,526)(6,000)
Net cash used in investing activities(257,332)(159,919)
Cash flows from financing activities:
Borrowings on unsecured revolving credit facility180,000 1,329,862 
Payments on unsecured revolving credit facility(130,000)(1,429,862)
Proceeds from unsecured senior notes 793,568 
Payments on unsecured senior notes (300,000)
Payments on secured mortgage loans (114,060)
Deferred financing costs (6,532)
Debt extinguishment costs (25,938)
Proceeds from issuance of common stock53,735 50,020 
Issuance of OP Units 1,378 
Repurchase and cancellation of common stock(3,389)(5,094)
Dividends paid(210,047)(205,880)
Distributions paid to non-controlling interest of limited partners(3,886)(3,581)
Net cash (used in) provided by financing activities(113,587)83,881 
Net change in cash, cash equivalents and restricted cash(99,301)193,630 
Cash, cash equivalents and restricted cash - beginning of period118,765 37,616 
Cash, cash equivalents and restricted cash - end of period$19,464 $231,246 
The accompanying notes are an integral part of these condensed consolidated financial statements.
9


HEALTHCARE TRUST OF AMERICA HOLDINGS, LP
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except unit data)
(Unaudited)
September 30, 2021December 31, 2020
ASSETS
Real estate investments:
Land$625,092 $596,269 
Building and improvements6,701,356 6,507,816 
Lease intangibles506,010 628,621 
Construction in progress28,878 80,178 
7,861,336 7,812,884 
Accumulated depreciation and amortization(1,747,354)(1,702,719)
Real estate investments, net
6,113,982 6,110,165 
Assets held for sale, net27,049  
Investment in unconsolidated joint venture63,213 64,360 
Cash and cash equivalents12,836 115,407 
Restricted cash 6,628 3,358 
Receivables and other assets, net314,977 251,728 
Right-of-use assets - operating leases, net227,564 235,223 
Other intangibles, net9,382 10,451 
Total assets$6,775,631 $6,790,692 
LIABILITIES AND PARTNERS’ CAPITAL
Liabilities:
Debt$3,079,190 $3,026,999 
Accounts payable and accrued liabilities178,024 200,358 
Liabilities of assets held for sale263  
Derivative financial instruments - interest rate swaps9,377 14,957 
Security deposits, prepaid rent and other liabilities82,852 82,553 
Lease liabilities - operating leases195,115 198,367 
Intangible liabilities, net31,473 32,539 
Total liabilities3,576,294 3,555,773 
Commitments and contingencies
Partners’ Capital:
Limited partners’ capital, 4,721,627 and 3,519,545 OP Units issued and outstanding as of September 30, 2021 and December 31, 2020, respectively
92,899 60,410 
General partners’ capital, 220,839,006 and 218,578,012 OP Units issued and outstanding as of September 30, 2021 and December 31, 2020, respectively
3,106,438 3,174,509 
Total partners’ capital3,199,337 3,234,919 
Total liabilities and partners’ capital$6,775,631 $6,790,692 
The accompanying notes are an integral part of these condensed consolidated financial statements.

10


HEALTHCARE TRUST OF AMERICA HOLDINGS, LP
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except for per unit data)
(Unaudited)
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Revenues:
Rental income$189,832 $187,258 $569,676 $551,459 
Interest and other operating income
1,430 68 1,694 488 
Total revenues191,262 187,326 571,370 551,947 
Expenses:
Rental59,568 57,248 176,556 170,310 
General and administrative10,765 10,670 32,254 32,348 
Transaction137 125 299 297 
Depreciation and amortization76,056 75,892 227,307 228,484 
Interest expense23,331 23,136 69,450 71,285 
Impairment  16,825  
Total expenses169,857 167,071 522,691 502,724 
Gain on sale of real estate, net143  32,896 1,991 
Loss on extinguishment of debt, net (27,726)