OAK PARK, IL-Healthcare Trust of America Inc. has closed $37 million in first mortgage financing for the Rush Medical Office Building here. The loan has a five-year term.

“We are very excited about this strategic investment. It fits our investment objectives on all levels. In addition to this secured financing transaction, HTA and the owner have entered into an agreement which provides HTA with ongoing purchase rights and other opportunities regarding this high-quality asset,” says Scott Peters, president and CEO of HTA.

As part of the deal, HTA now has the opportunity to purchase the facility as well as the surrounding land from the current owner. “We have a top-notch owner, a reputable healthcare provider, and a high-quality project located in a strategic location, all key elements of a successful short and long-term investment,” Peters says.

The Rush University Medical Center leases the office building. Its lease is good until 2019, with the right to extend the lease at the time. The lease rate was not released.

HTA is a Scottsdale, AZ-based health-care focused real estate investment trust. In 2009 the company has purchased more than $273 million of assets and debt. It has added 24 properties, for a total of 1.8 million square feet, to its portfolio. In total HTA’s portfolio contains 137 medical office buildings, four hospitals, nine skilled nursing and assisted living facilities and four office buildings.

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