What changed in this filing

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Item 9A. Controls and Procedures

2021-02-24 compared with 2020-02-18 · 820 added, 690 removed, 1328 unchanged (53% of the section changed)

104 unchanged sentences

We have audited the accompanying consolidated balance sheets of Healthcare Trust of America, Inc.

and subsidiaries (the “Company”) as of December 31, 2019 and 2018 , the related consolidated statements of operations, comprehensive income, equity, and cash flows for each of the three years in the period ended December 31, 2019 , and the related notes and the consolidated financial statement schedules listed in the Index at Item 15 (collectively referred to as the “financial statements”).

and subsidiaries (the “Company”) as of December 31, 2020 and 2019, the related consolidated statements of operations, comprehensive income, equity, and cash flows for each of the three years in the period ended December 31, 2020, and the related notes and the financial statement schedules listed in the Index at Item 15 (collectively referred to as the “financial statements”).

In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2020 and 2019, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2020, in conformity with accounting principles generally accepted in the United States of America.

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Impairment losses are recorded when indicators of impairment are present and the carrying amount of the asset is greater than the sum of future undiscounted cash flows expected to be generated by that asset over the remaining expected holding period.

The Company makes assumptions to evaluate real estate assets for possible indicators of impairment.

The Company's undiscounted future cash flows analysis and the assessment of expected remaining holding period requires management to make significant estimates and assumptions related to future occupancy levels, rental rates, and capitalization rates.

Changes in these assumptions could have a significant impact on the real estate assets identified for further analysis.

For the year ended December 31, 2020, no impairment loss has been recognized on real estate assets.

Given the Company’s evaluation of possible indicators of impairment of real estate assets requires management to make significant assumptions, performing audit procedures to evaluate whether management appropriately identified events or changes in circumstances indicating that the carrying amounts of real estate assets may not be recoverable required a high degree of auditor judgment.

Given the Company’s evaluation of possible indicators of impairment of real estate assets requires management to make significant estimates and assumptions related to future occupancy levels, rental rates, and capitalization rates, performing audit procedures to evaluate the reasonableness of management's undiscounted future cash flows analysis and assessment of expected remaining holding period required a high degree of auditor judgment and an increased extent of effort, including the need to involve our fair value specialists.

How the Critical Audit Matter Was Addressed in the Audit

Our audit procedures related to the evaluation of real estate assets for possible indicators of impairment included the following, among others:

We tested the effectiveness of controls over management’s analysis for impairment indicators, including the identification of future disposition properties and the estimates used by management to determine fair value measurements.

• We tested the effectiveness of controls over management’s analysis for impairment indicators, including the identification of impairment indicator properties and the valuation methodologies and significant estimates and assumptions used by management to determine fair value measurements.

• We audited management’s impairment indicator analysis by:

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◦ Performing site visits for select properties to assess the presence of any physical nonfinancial indications of impairment that may exist but were not identified by management.

We evaluated management’s fair value estimates for various properties that were identified as potential future dispositions or that exhibited indicators of impairment by:

• With the assistance of our fair value specialists, we evaluated management’s fair value estimates for various properties that exhibited indicators of impairment by:

◦ Evaluating whether the valuation method used was in accordance with ASC 820, Fair Value Measurement .

Evaluating management’s fair value estimates with the assistance of fair value specialists by developing a range of independent estimates based on comparable properties in the market and compared those to the fair value estimates determined by management.

◦ Evaluating the undiscounted future cash flows analysis, including estimates of future occupancy levels, rental rates, and capitalization rates, in addition to the assessment of expected remaining holding period for each real estate asset with possible impairment indicators by (1) evaluating the source information and assumptions used by management and (2) testing the mathematical accuracy of the undiscounted future cash flows analysis.

Investments in Real Estate - Refer to Notes 2 and 3 to the financial statements

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Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Healthcare Trust of America Holdings, LP and subsidiaries (the “Company”) as of December 31, 2019 and 2018 , the related consolidated statements of operations, comprehensive income, changes in partners’ capital, and cash flows, for each of the three years in the period ended December 31, 2019 , and the related notes and the consolidated financial statement schedules listed in the Index at Item 15 (collectively referred to as the “financial statements”).

We have audited the accompanying consolidated balance sheets of Healthcare Trust of America Holdings, LP and subsidiaries (the “Company”) as of December 31, 2020 and 2019, the related consolidated statements of operations, comprehensive income, changes in partners’ capital, and cash flows, for each of the three years in the period ended December 31, 2020, and the related notes and the financial statement schedules listed in the Index at Item 15 (collectively referred to as the “financial statements”).

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We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matters

The critical audit matters communicated below are matters arising from the current-period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments.

The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.

Recoverability of Real Estate and Real Estate Related Assets - Refer to Notes 2 and 4 to the financial statements

Critical Audit Matter Description

The Company’s real estate investments are evaluated for potential impairment whenever events or changes in circumstances indicate that the carrying value of a property may not be recoverable.

Changes in these assumptions could have a significant impact on the real estate assets identified for further analysis.

For the year ended December 31, 2020, no impairment loss has been recognized on real estate assets.

How the Critical Audit Matter Was Addressed in the Audit

Our audit procedures related to the evaluation of real estate assets for possible indicators of impairment included the following, among others:

• We audited management’s impairment indicator analysis by:

◦ Evaluating management's process for identifying impairment indicators and whether management appropriately considered the examples of impairment indicators provided within the Financial Accounting Standards Board’s (FASB) Accounting Standard Codification (ASC) 360, Property, Plant, and Equipment .

◦ Conducting independent market analysis to determine if there were additional indicators of impairment not identified by management.

◦ Conducting inquiries of property management, leasing, asset management, and other departments outside of the accounting department to determine if there might be additional indicators of impairment not identified by management.

◦ Performing site visits for select properties to assess the presence of any physical nonfinancial indications of impairment that may exist but were not identified by management.

• With the assistance of our fair value specialists, we evaluated management’s fair value estimates for various properties that exhibited indicators of impairment by:

◦ Evaluating whether the valuation method used was in accordance with ASC 820, Fair Value Measurement .

Investments in Real Estate - Refer to Notes 2 and 3 to the financial statements

Critical Audit Matter Description

For the year ended December 31, 2020, the Company had acquired investments in real estate with an aggregate purchase price of $191.7 million.

The Company accounted for these acquisitions as asset acquisitions.

Accordingly, the purchase price paid for assets acquired and liabilities assumed was allocated, based on relative fair value, to land, buildings and improvements, in-place leases, above or below market leases, and other intangible assets.

The method for determining relative fair value varied depending on the type of asset or liability and involved management making significant estimates related to assumptions such as future cash flows, discount rates, and costs during the expected lease-up periods.

Given the relative fair value determination of assets acquired and liabilities assumed requires management to make significant estimates related to assumptions such as future cash flows, discount rates, and costs during hypothetical lease-up periods, performing audit procedures to evaluate the reasonableness of these assumptions required a high degree of auditor judgment and an increased extent of effort, including the need to involve our fair value specialists.

How the Critical Audit Matter Was Addressed in the Audit

Our audit procedures related to the relative fair value of assets acquired and liabilities assumed for investments in real estate included the following, among others:

• We tested the effectiveness of controls over the purchase price allocation, including management’s controls over the identification of real estate assets, and the valuation methodology for estimating the fair value of assets acquired and liabilities assumed.

• With the assistance of our fair value specialists, we evaluated the reasonableness of the (1) valuation methodology, (2) current market data, (3) cost to replace certain assets, and (4) assumptions used in the discounted cash flows, including testing the mathematical accuracy of the calculation, and developing a range of independent estimates and comparing our estimates to those used by management.

• We assessed the reasonableness of management’s projections of rental revenue by comparing the assumptions used in the projections to external market sources, in-place lease agreements, historical data, and results from other areas of the audit.

/s/ DELOITTE & TOUCHE LLP

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Real estate investments:

Land $ 596,269 $ 584,546

Building and improvements 6,507,816 6,252,854

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Construction in progress 80,178 28,150

7,812,884 7,493,616

Accumulated depreciation and amortization ( 1,702,719 ) ( 1,447,815 )

Real estate investments, net

6,110,165 6,045,801

Investment in unconsolidated joint venture 64,360 65,888

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Other intangibles, net 10,451 12,553

Total assets $ 6,790,692 $ 6,638,749

LIABILITIES AND EQUITY

Debt $ 3,026,999 $ 2,749,775

Accounts payable and accrued liabilities 200,358 171,698

Derivative financial instruments - interest rate swaps 14,957 29

Security deposits, prepaid rent and other liabilities 82,553 49,174

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Additional paid-in capital 4,916,784 4,854,042

Accumulated other comprehensive income

Accumulated other comprehensive (loss) income ( 16,979 ) 4,546

Cumulative dividends in excess of earnings ( 1,727,752 ) ( 1,502,744 )

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Noncontrolling interests 60,680 72,635

Total equity 3,234,919 3,430,644

Total liabilities and equity $ 6,790,692 $ 6,638,749

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Year Ended December 31,

2020 2019 2018

Rental income $ 738,414 $ 691,527 $ 696,030

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Total revenues 738,965 692,040 696,426

Rental 226,859 211,479 220,617

General and administrative 42,969 41,360 35,196

Transaction 965 2,350 1,003

Depreciation and amortization 303,828 290,384 279,630

Interest expense 94,613 96,632 101,849

Impairment — — 8,887

Total expenses 669,234 642,205 647,182

(Loss) gain on sale of real estate, net

(Loss) gain on extinguishment of debt, net

Gain (loss) on sale of real estate, net 9,590 ( 154 ) 165,977

Loss on extinguishment of debt, net ( 27,726 ) ( 21,646 ) 242

Income from unconsolidated joint venture 1,612 1,882 1,735

Other income 301 841 428

Net income $ 53,508 $ 30,758 $ 217,626

Net income attributable to noncontrolling interests (1)

( 890 ) ( 604 ) ( 4,163 )

Net income attributable to common stockholders $ 52,618 $ 30,154 $ 213,463

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Net income attributable to common stockholders

$ 0.24 $ 0.15 $ 1.04

Earnings per common share - diluted:

Net income attributable to common stockholders

$ 0.24 $ 0.14 $ 1.02

Weighted average common shares outstanding:

Basic 218,078 205,720 206,065

Diluted 221,666 209,605 210,061

(1) Includes amounts attributable to redeemable noncontrolling interests.

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Year Ended December 31,

Other comprehensive income

Change in unrealized gains on cash flow hedges

Total other comprehensive income

2020 2019 2018

Net income $ 53,508 $ 30,758 $ 217,626

Other comprehensive (loss) income

Change in unrealized (losses) gains on cash flow hedges ( 21,876 ) 4,316 34

Total other comprehensive (loss) income ( 21,876 ) 4,316 34

Total comprehensive income 31,632 35,074 217,660

Comprehensive income attributable to noncontrolling interests

( 539 ) ( 615 ) ( 4,075 )

Total comprehensive income attributable to common stockholders

$ 31,093 $ 34,459 $ 213,585

The accompanying notes are an integral part of these consolidated financial statements.

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(In thousands)

Additional Paid-In Capital

Accumulated Other Comprehensive Income (Loss)

Cumulative Dividends in Excess of Earnings

Total Stockholders’ Equity

Noncontrolling Interests

Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Income (Loss) Cumulative Dividends in Excess of Earnings Total Stockholders’ Equity Noncontrolling Interests Total Equity

Shares Amount

Balance as of December 31, 2017 204,892 $ 2,049 $ 4,508,528 $ 274 $ ( 1,232,069 ) $ 3,278,782 $ 84,666 $ 3,363,448

Issuance of common stock, net 2,550 25 72,789 — — 72,814 — 72,814

Issuance of operating partnership units in HTALP in connection with an acquisition

Share-based award transactions, net 308 4 9,751 — — 9,755 411 10,166

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Dividends declared ($ 1.230 per common share)

— — — — ( 253,699 ) ( 253,699 ) ( 5,067 ) ( 258,766 )

Net income — — — — 213,463 213,463 4,074 217,537

Other comprehensive income — — — 33 33 1 34

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Issuance of common stock, net 11,096 112 322,106 — — 322,218 — 322,218

Issuance of OP Units in HTALP — — — — — — 2,603 2,603

Issuance of limited partner OP Units in connection with acquisitions — — — — — — 2,000 2,000

Share-based award transactions, net 319 3 10,124 — — 10,127 — 10,127

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Dividends declared ($ 1.250 per common share)

— — — — ( 260,593 ) ( 260,593 ) ( 5,180 ) ( 265,773 )

Net income — — — — 30,154 30,154 538 30,692

Other comprehensive income — — — 4,239 — 4,239 77 4,316

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Issuance of OP Units in HTALP — — — — — — 1,378 1,378

Issuance of limited partner OP Units in connection with acquisitions

Share-based award transactions, net 263 3 8,913 — — 8,916 — 8,916

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Dividends declared ($ 1.270 per common share)

Other comprehensive income

— — — — ( 277,626 ) ( 277,626 ) ( 4,853 ) ( 282,479 )

Net income — — — — 52,618 52,618 890 53,508

Other comprehensive loss — — — ( 21,525 ) — ( 21,525 ) ( 351 ) ( 21,876 )

Balance as of December 31, 2020 218,578 $ 2,186 $ 4,916,784 $ ( 16,979 ) $ ( 1,727,752 ) $ 3,174,239 $ 60,680 $ 3,234,919

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Year Ended December 31,

2020 2019 2018

Cash flows from operating activities:

Net income $ 53,508 $ 30,758 $ 217,626

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

283,039 280,969 271,441

Share-based compensation expense 8,916 10,127 9,755

Impairment — — 8,887

Income from unconsolidated joint venture ( 1,612 ) ( 1,882 ) ( 1,735 )

Distributions from unconsolidated joint venture 3,240 3,030 2,665

Loss (gain) on sale of real estate, net

(Gain) loss on sale of real estate, net ( 9,590 ) 154 ( 165,977 )

Loss (gain) on extinguishment of debt, net 27,726 21,646 ( 242 )

Change in fair value of derivative financial instruments

Changes in operating assets and liabilities:

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Investments in real estate ( 185,286 ) ( 553,298 ) ( 17,389 )

Investment in unconsolidated joint venture

Development of real estate ( 77,077 ) ( 28,066 ) ( 34,270 )

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Debt extinguishment costs ( 25,939 ) ( 18,383 ) ( 1,909 )

Security deposits

Proceeds from issuance of common stock 50,020 323,393 72,814

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Real estate investments:

Land $ 596,269 $ 584,546

Building and improvements 6,507,816 6,252,854

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Construction in progress 80,178 28,150

7,812,884 7,493,616

Accumulated depreciation and amortization ( 1,702,719 ) ( 1,447,815 )

Real estate investments, net

6,110,165 6,045,801

Investment in unconsolidated joint venture 64,360 65,888

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Other intangibles, net 10,451 12,553

Total assets $ 6,790,692 $ 6,638,749

LIABILITIES AND PARTNERS’ CAPITAL

Debt $ 3,026,999 $ 2,749,775

Accounts payable and accrued liabilities 200,358 171,698

Derivative financial instruments - interest rate swaps 14,957 29

Security deposits, prepaid rent and other liabilities 82,553 49,174

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Partners’ Capital:

Limited partners’ capital, 3,834,279 and 3,929,083 units issued and outstanding as of December 31, 2019 and 2018, respectively

General partners’ capital, 216,453,312 and 205,267,349 units issued and outstanding as of December 31, 2019 and 2018, respectively

Limited partners’ capital, 3,519,545 and 3,834,279 OP Units issued and outstanding as of December 31, 2020 and 2019, respectively

60,410 72,365

General partners’ capital, 218,578,012 and 216,453,312 OP Units issued and outstanding as of December 31, 2020 and 2019, respectively

3,174,509 3,358,279

Total partners’ capital 3,234,919 3,430,644

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Year Ended December 31,

2020 2019 2018

Rental income $ 738,414 $ 691,527 $ 696,030

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Total revenues 738,965 692,040 696,426

Rental 226,859 211,479 220,617

General and administrative 42,969 41,360 35,196

Transaction 965 2,350 1,003

Depreciation and amortization 303,828 290,384 279,630

Interest expense 94,613 96,632 101,849

Impairment — — 8,887

Total expenses 669,234 642,205 647,182

(Loss) gain on sale of real estate, net

Gain (loss) on sale of real estate, net 9,590 ( 154 ) 165,977

(Loss) gain on extinguishment of debt, net ( 27,726 ) ( 21,646 ) 242

Income from unconsolidated joint venture 1,612 1,882 1,735

Other income 301 841 428

Net income $ 53,508 $ 30,758 $ 217,626

Net income attributable to noncontrolling interests

Net income attributable to common unitholders

Earnings per common unit - basic:

Net income attributable to common unitholders

Earnings per common unit - diluted:

Net income attributable to common unitholders

Weighted average common units outstanding:

— ( 66 ) ( 89 )

Net income attributable to common OP unitholders $ 53,508 $ 30,692 $ 217,537

Earnings per common OP unit - basic:

Net income attributable to common OP unitholders $ 0.24 $ 0.15 $ 1.04

Earnings per common OP unit - diluted:

Net income attributable to common OP unitholders $ 0.24 $ 0.15 $ 1.04

Weighted average common OP units outstanding:

Basic 221,666 209,605 210,061

Diluted 221,666 209,605 210,061

The accompanying notes are an integral part of these consolidated financial statements.

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Year Ended December 31,

Other comprehensive income

Change in unrealized gains on cash flow hedges

Total other comprehensive income

2020 2019 2018

Net income $ 53,508 $ 30,758 $ 217,626

Other comprehensive (loss) income

Change in unrealized (losses) gains on cash flow hedges ( 21,876 ) 4,316 34

Total other comprehensive (loss) income ( 21,876 ) 4,316 34

Total comprehensive income 31,632 35,074 217,660

Comprehensive income attributable to noncontrolling interests

— ( 66 ) ( 89 )

Total comprehensive income attributable to common unitholders

$ 31,632 $ 35,008 $ 217,571

The accompanying notes are an integral part of these consolidated financial statements.

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(In thousands)

General Partners’ Capital

Limited Partners’ Capital

Total Partners’ Capital

General Partners’ Capital Limited Partners’ Capital Total Partners’ Capital

Units Amount Units Amount

Balance as of December 31, 2017 204,892 $ 3,279,052 4,124 $ 84,396 $ 3,363,448

Issuance of general partner OP Units, net

2,550 72,814 — — 72,814

Issuance of limited partner OP Units in connection with an acquisition

Share-based award transactions, net

308 9,755 — 411 10,166

Redemption and cancellation of general partner OP Units

( 2,678 ) ( 70,319 ) — — ( 70,319 )

Redemption of limited partner OP Units and other

195 5,195 ( 195 ) ( 5,195 ) —

Distributions declared ($ 1.230 per common unit)

— ( 253,699 ) — ( 5,067 ) ( 258,766 )

Net income — 213,463 — 4,074 217,537

Other comprehensive income — 33 — 1 34

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Issuance of general partner OP Units, net

11,096 322,218 — — 322,218

Issuance of limited partner OP Units — — — 2,603 2,603

Issuance of limited partner OP Units in connection with acquisitions — — 163 2,000 2,000

Share-based award transactions, net

319 10,127 — — 10,127

Redemption and cancellation of general partner OP Units

( 487 ) ( 12,178 ) — — ( 12,178 )

Redemption of limited partner OP Units and other

258 8,018 ( 258 ) ( 6,293 ) 1,725

Distributions declared ($ 1.250 per common unit)

— ( 260,593 ) — ( 5,180 ) ( 265,773 )

Net income — 30,154 — 538 30,692

Other comprehensive income — 4,239 — 77 4,316

1 unchanged sentence

Issuance of general partner OP Units, net

1,675 50,020 — — 50,020

Issuance of limited partner OP Units

— — 47 1,378 1,378

Issuance of limited partner OP Units in connection with acquisitions

Share-based award transactions, net

263 8,916 — — 8,916

Redemption and cancellation of general partner OP Units

( 174 ) ( 5,192 ) — — ( 5,192 )

Redemption of limited partner OP Units and other

361 9,019 ( 361 ) ( 9,019 ) —

Distributions declared ($ 1.270 per common unit)

Other comprehensive income

— ( 277,626 ) — ( 4,853 ) ( 282,479 )

— 52,618 — 890 53,508

Other comprehensive loss — ( 21,525 ) — ( 351 ) ( 21,876 )

Balance as of December 31, 2020 218,578 $ 3,174,509 3,520 $ 60,410 $ 3,234,919

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Year Ended December 31,

2020 2019 2018

Cash flows from operating activities:

Net income $ 53,508 $ 30,758 $ 217,626

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

283,039 280,969 271,441

Share-based compensation expense 8,916 10,127 9,755

Impairment — — 8,887

Income from unconsolidated joint venture ( 1,612 ) ( 1,882 ) ( 1,735 )

Distributions from unconsolidated joint venture 3,240 3,030 2,665

Loss (gain) on sale of real estate, net

(Gain) loss on sale of real estate, net ( 9,590 ) 154 ( 165,977 )

Loss (gain) on extinguishment of debt, net 27,726 21,646 ( 242 )

Change in fair value of derivative financial instruments

Changes in operating assets and liabilities:

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Investments in real estate ( 185,286 ) ( 553,298 ) ( 17,389 )

Investment in unconsolidated joint venture

Development of real estate ( 77,077 ) ( 28,066 ) ( 34,270 )

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Debt extinguishment costs ( 25,939 ) ( 18,383 ) ( 1,909 )

Security deposits

Proceeds from issuance of general partner units

Issuance of limited partner units

Repurchase and cancellation of general partner units

Proceeds from issuance of general partner OP units 50,020 323,393 72,814

Issuance of limited partner OP units 1,378 — 411

Repurchase and cancellation of general partner OP units ( 5,192 ) ( 12,178 ) ( 70,319 )

Distributions paid to general partner ( 275,816 ) ( 256,117 ) ( 252,651 )

Distributions paid to limited partners and redeemable noncontrolling interests

( 4,712 ) ( 8,758 ) ( 5,278 )

Sale of noncontrolling interest — 1,234 —

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and Healthcare Trust of America Holdings, LP, collectively.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Organization and Description of Business

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Additionally, from time to time we consider, on an opportunistic basis, significant portfolio acquisitions that we believe fit our core business and we expect to enhance our existing portfolio.

COVID-19 Pandemic

On March 11, 2020, the novel coronavirus disease ("COVID-19") was declared a pandemic by the World Health Organization.

As the virus continued to spread throughout the United States and other countries across the world, Federal, state and local governments took various actions including the issuance of "stay-at-home" orders, social distancing guidelines and ordering the temporary closure of non-essential businesses to limit the spread of COVID-19.

While many businesses have reopened and vaccinations are being distributed to limited groups of the general population based on need, the economic uncertainty created by the COVID-19 pandemic and the potential for new strains of SARS-CoV-2 or entirely new types of viruses and/or global propagation of communicable disease continue to present risks to the Company and the future results of our operations.

Should current and planned measures, including further development and delivery of vaccines and other measures intended to reduce or eliminate the spread of COVID-19, past and/or proposed economic stimulus, and other laws, acts and orders proposed or enacted by these various governmental agencies ultimately not be successful or limited in their efficacy, our business and the broader real estate industry may experience significant adverse consequences.

These consequences include loss of revenues, increased expenses, difficulty in maintaining an active workforce, and constraints on our ability to secure capital or financing, among other factors.

Summary of Significant Accounting Policies

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Reclassifications

Certain prior year amounts related to the presentation of interest expense on the accompanying consolidated statements of operations have been reclassified to conform to the current year presentation.

Certain prior year amounts related to the presentation of derivative financial instruments - cash flow hedges on the accompanying consolidated balance sheets have been reclassified to conform to the current year presentation.

Principles of Consolidation

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Holders of OP Units are considered to be noncontrolling interest holders in HTALP and their ownership interests are reflected as equity on the accompanying consolidated balance sheets.

Further, a portion of the earnings and losses of HTALP are allocated to noncontrolling interest holders based on their respective ownership percentages.

Further, a portion of the earnings and losses

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

of HTALP are allocated to noncontrolling interest holders based on their respective ownership percentages.

Upon conversion of OP Units to common stock, any difference between the fair value of the common stock issued and the carrying value of the OP Units converted to common stock is recorded as a component of equity.

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and (ii) the obligation to absorb losses or the right to receive benefits of the VIE that could be significant to the entity.

The HTALP operating partnership and our other joint

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

venture arrangements are VIEs because the limited partners in those partnerships, although entitled to vote on certain matters, do not possess kick-out rights or substantive participating rights.

The HTALP operating partnership and our other joint venture arrangements are VIEs because the limited partners in those partnerships, although entitled to vote on certain matters, do not possess kick-out rights or substantive participating rights.

Additionally, we determined that we are the primary beneficiary of our VIEs.

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The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the accompanying consolidated balance sheets to the combined amounts shown on the accompanying consolidated statements of cash flows (in thousands):

2020 2019 2018

Cash and cash equivalents $ 115,407 $ 32,713 $ 126,221

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Differences between rental income recognized and amounts contractually due under the lease agreements are recorded as straight-line rent receivables.

If we determine that collectibility of future minimum lease payments is not probable, the straight-line rent receivable balance is written off and recognized as a decrease in revenue in that period.

Tenant reimbursement revenue, which is comprised of additional amounts recoverable from tenants for real estate taxes, common area maintenance and other certain operating expenses are recognized as revenue on a gross basis in the period in which the related recoverable expenses are incurred.

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Rental income is reported net of amortization of inducements.

Effective January 1, 2018, with the adoption of Topic 606 - Revenue from Contracts with Customers and corresponding amendments, the revenue recognition process is now based on a five-step model to account for revenue arising from contracts with customers and supersedes most of the existing revenue recognition guidance.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

with customers and supersedes most of the existing revenue recognition guidance.

Topic 606 requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.

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The other revenue stream identified as impacting Topic 606 is concentrated in the recognition of real estate sales.

Tenant Receivables and Allowance for Uncollectible Accounts

Tenant receivables, including straight-line rent receivables, are carried net of the allowances for uncollectible amounts.

An allowance is maintained for estimated losses resulting from the inability of certain tenants to meet the contractual obligations under their leases.

Our determination of the adequacy of these allowances is based primarily upon evaluations of historical loss experience, the tenant’s financial condition, security deposits, letters of credit, lease guarantees and current economic conditions and other relevant factors.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Investments in Real Estate

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The amounts recorded for above or below market debt are included in debt in our accompanying consolidated balance sheets and are amortized to interest expense over the remaining term of the assumed debt.

The value recorded for interest rate swaps is based upon a discounted cash flow analysis on the expected cash flows, taking into account interest rate curves and the remaining term.

See derivative financial instruments below for further discussion.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

The value recorded for interest rate swaps is based upon a discounted cash flow analysis on the expected cash flows, taking into account interest rate curves and the remaining term.

See derivative financial instruments below for further discussion.

The cost of operating properties includes the cost of land and buildings and related improvements.

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Depreciation expense of buildings and improvements for the years ended December 31, 2020, 2019 and 2018, was $ 235.8 million, $ 219.2 million and $ 202.8 million, respectively.

As a lessor, we lease space in our MOBs primarily to medical enterprises for terms ranging from three to 7 years in length.

As a lessor, we lease space in our MOBs primarily to medical enterprises for terms ranging from three to seven years in length.

The assets underlying these leases consist of buildings and associated land which are included as real estate investments on our accompanying consolidated balance sheets.

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Refer to Note 7 - Leases in the accompanying notes to the consolidated financial statements for more detail relating to our leases.

Through the duration of the COVID-19 pandemic, many lessors may elect to provide rent deferrals and other lease concessions to lessees.

While the lease modification guidance in Accounting Standards Codification (“ASC”) Topic 842 ("Topic 842") addresses routine changes to lease terms resulting from negotiations between the lessee and the lessor, this guidance did not contemplate concessions getting rapidly executed to address the sudden liquidity constraints of some lessees arising from the COVID-19 pandemic.

In April 2020, the Financial Accounting Standards Board (“FASB”) staff issued a question and answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of the COVID-19 pandemic.

Under existing lease guidance, we would have to determine, on a lease by lease basis, if a lease concession was the result of a new arrangement reached with the tenant (treated within the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework).

The Lease Modification Q&A allows us, if certain criteria have been met, to bypass the lease by lease analysis, and instead elect to either apply the lease modification accounting framework or not, with such election applied consistently to leases with similar characteristics and similar circumstances.

In conformity with this guidance, we have elected to apply such relief and will use the election so as not to perform a lease by lease analysis where conditions warrant.

The Lease Modification Q&A had no material impact on our consolidated financial statements as of and for the year ended December 31, 2020, however, its future impact to us is dependent upon the extent of lease concessions granted to tenants as a result of the COVID-19 pandemic in future periods and the elections made by us at the time of entering into any such concessions.

For the year ended December 31, 2020, changes to our leases as a result of COVID-19 have been in two categories.

Leases are categorized based upon the impact of the modification on its cash flows.

One category is rent deferrals for which the guidance above was utilized, which provided relief from requiring a lease by lease analysis pursuant to Topic 842.

These deferrals are generally for up to three months of rent with a payback period from three to twelve months once the deferral period has ended.

Deferrals do not have an impact on cash flows over the lease term, rather, payments are made in different periods while the cash flows for the entirety of the lease term are the same.

However, we have continued to recognize revenue and straight line revenue for amounts subject to deferral agreements in accordance with Topic 842.

In total, we have approved deferral plans that total approximately $ 11.1 million, of which approximately $ 7.3 million have been repaid through December 31, 2020.

The second category is early renewals, where the Company renewed lease arrangements prior to their contractual expirations, providing concession at the commencement of the lease in exchange for additional term, on average approximately three years.

This category is treated as a modification under Topic 842, with the existing balance of cumulative difference between rental income and payment amounts (existing straight line rent receivable) being recast over the new term, factoring in any changes attributable to the new lease arrangement and for which we performed a lease by lease analysis.

Cash flows are impacted over the long term as customary free rent, at an average of three months in conjunction with these agreements, and is offset by substantively more term and/or increased rental rates.

Subsequent to December 31, 2020, the Company has entered into minimal new deferral arrangements or early renewal leases with substantive amounts of free rent or other forms of concession at the onset of the lease.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

We capitalize interest, direct and indirect project costs associated with the initial construction up to the time the property is substantially complete and ready for its intended use.

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The fair value is generally based on discounted cash flow analyses, which involve management’s best estimate of market participants’ holding period, market comparables, future occupancy levels, rental rates, capitalization rates, lease-up periods and capital requirements.

As of December 31, 2020, there were no assets classified as held for sale.

As of December 31, 2019, we had assets held for sale of $ 4.0 million which are included in receivables and other assets, net in the accompanying consolidated balance sheet.

We did not classify any assets as held for sale as of December 31, 2018 .

Recoverability of Real Estate Investments

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In performing the analysis we consider executed sales agreements or management’s best estimate of market comparables, future occupancy levels, rental rates, capitalization rates, lease-up periods and capital requirements.

For the year ended December 31, 2019 , we recorded no impairment charges.

During the years ended December 31, 2018 and 2017 , we recorded impairment charges of $ 8.9 million and $ 13.9 million , respectively.

For the years ended December 31, 2020 and 2019, we recorded no impairment charges.

During the year ended December 31, 2018, we recorded impairment charges of $ 8.9 million.

Real Estate Notes Receivable

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For the years ended December 31, 2020, 2019 and 2018, there were no impairment losses.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Credit Losses

The Company adopted Topic 326 - Financial Instruments - Credit Losses as of January 1, 2020.

See "Recently Issued or Adopted Accounting Pronouncements" below for further information.

Pursuant to the guidance, we adopted a policy to book current expected credit losses at the inception of loans qualifying for treatment under Topic 326.

During the year ended December 31, 2020, we financed as the lender, a one-year , $ 6 million loan to which we held a first trust deed in the underlying property as collateral.

In October 2020, the note receivable was satisfied in connection with the acquisition of the underlying property.

Accordingly, no credit losses were recorded for the year ended December 31, 2020 and we have no remaining instruments in scope of Topic 326.

Unconsolidated Joint Ventures

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As of December 31, 2020 and 2019, we had a 50 % interest in one such investment with a carrying value and maximum exposure to risk of $ 64.4 million and $ 65.9 million, respectively, which is recorded in investment in unconsolidated joint venture in the accompanying consolidated balance sheets.

We record our share of net income in income from unconsolidated joint venture in the accompanying consolidated statements of operations.

We record our share of net income in income from unconsolidated joint venture in the accompanying consolidated statements

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

of operations.

For the years ended December 31, 2020, 2019, and 2018, we recognized income of $ 1.6 million, $ 1.9 million, and $ 1.7 million, respectively.

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An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Level 2 — Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.) and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs).

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We use fair value measurements to record fair value of certain assets and to estimate fair value of financial instruments not recorded at fair value but required to be disclosed at fair value.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Receivables and Other Assets

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As of December 31, 2019, all redeemable noncontrolling interests have either converted their interest to OP Units or received cash proceeds due to the last exercisable put option that lapsed on June 30, 2019.

As of December 31, 2018 , we had redeemable noncontrolling interests of $ 6.5 million .

Refer to Note 11 - Redeemable Noncontrolling Interests in the accompanying notes to the consolidated financial statements for more detail relating to our redeemable noncontrolling interests.

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To continue to qualify as a REIT for federal income tax purposes, HTA must meet certain organizational and operational requirements, including a requirement to pay dividend distributions to its stockholders of at least 90% of its annual taxable income.

As a REIT, HTA is generally not subject to federal income tax on net income that it distributes to its stockholders, but it may be subject to certain state or local taxes on its income and property.

As a REIT, HTA is generally not subject to federal income tax on net income that it distributes to its stockholders, but it may be subject to certain state or local taxes and fees.

If HTA fails to qualify as a REIT in any taxable year, it will then be subject to U.S.

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Such an event could have a material adverse effect on its business, financial condition, results of operations and net cash available for dividend distributions to its stockholders.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

HTA conducts substantially all of its operations through HTALP.

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The tax basis exceeded the carrying amount of the net real estate assets reported in our accompanying consolidated balance sheet by approximately $ 645.8 million as of December 31, 2020, primarily due to the differences in depreciation and amortization.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Concentration of Credit Risk

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Recently Adopted Accounting Pronouncements

Topic 842, Leases

In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2016-02, codified as ASC 842 - Leases (Topic 842).

This new standard superseded ASC Topic 840 and states that companies will be required to recognize lease assets and lease liabilities on the balance sheet and disclose key information about leasing arrangements.

Topic 842 requires qualitative and quantitative disclosures to supplement the amounts recorded in the financial statements so that users can understand the nature of the entity’s leasing activities, including significant judgments and changes in judgments.

We adopted Topic 842 as of January 1, 2019 and elected to use the optional transition method, which allows us to recognize a cumulative-effect adjustment to the opening balance of retained earnings at January 1, 2019.

Using the optional transition method, the cumulative effect adjustment was immaterial and as such no adjustment was made to beginning retained earnings.

In addition, it was determined in our analysis that finance leases which we are the lessee were immaterial and as such were excluded from our disclosures.

In addition to electing the optional transition method above, we also elected the following practical expedients offered by the FASB which will allow us:

to not reassess:

(i) whether an expired or existing contract contains a lease arrangement;

(ii) lease classification related to expired or existing lease arrangements;

or (iii) whether costs incurred on expired or existing leases qualify as initial direct costs;

to not separate, as the lessor, certain non-lease components, such as common area maintenance from lease revenue if the (i) timing and pattern of revenue recognition are the same for the non-lease component, and (ii) related lease component and the combined single lease component would be classified as an operating lease;

to exclude land easements from assessment in determining whether they meet the definition of a lease up to the time of adoption;

to not record on our accompanying consolidated balance sheets, lease liabilities and ROU assets with lease terms of 12 months or less.

Lessee Impact

Leases for which we are the lessee, including ground leases and corporate leases, which are primarily for office space, have been recorded on our accompanying consolidated balance sheets as either finance or operating leases with lease liability obligations and corresponding ROU assets based on the present value of the minimum rental payments remaining as of the initial adoption date of January 1, 2019.

Lessor Impact

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Topic 842 modifies the treatment of initial direct costs, which historically under Topic 840 have been capitalized upon meeting criteria provided for in that applicable guidance.

These initial direct costs now under ASC 842 are eligible for capitalization only if they are incremental in nature, (i.e., would only be incurred if we enter into a new lease arrangement).

Under this guidance, only commissions paid and other incurred costs incremental to our leasing activity qualify as initial direct costs.

These costs, which were previously capitalized, have been classified as general and administrative expenses on our accompanying consolidated statements of operations.

For the year ended December 31, 2018 , we capitalized approximately $ 4.9 million of initial direct costs.

Additionally, as part of Topic 842, ASU 2018-20 states that (i) a lessor must analyze sales (and other similar) tax laws on a jurisdiction-by-jurisdiction basis to determine whether those taxes are lessor costs or lessee costs and (ii) a lessor shall exclude from variable payments, lessor costs (i.e., property taxes, insurance) paid by a lessee directly to a third party.

However, costs that are paid by a lessor directly to a third party and are reimbursed by a lessee are considered lessor costs that shall be accounted for by the lessor as variable payments.

As a result of the adoption of Topic 842, we no longer record income or expense when the lessee pays the property taxes directly to a third party.

For the year ended December 31, 2018 , we recognized approximately $ 13.9 million of tenant paid property taxes.

Except where stated above, the adoption of Topic 842 did not have a substantive impact on our results of operations and cash flows and no significant impact on any of our debt covenants.

ASU 2018-07, Compensation - Stock Compensation;

Improvements to Nonemployee Share-Based Payment Accounting

In June 2018, the FASB issued ASU 2018-07, which expands the scope of Topic 718.

The amendments specify that ASU 2018-07 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards.

ASU 2018-07 also clarifies that it does not apply to share-based payments used to effectively provide (i) financing to the issuer or (ii) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606.

We adopted ASU 2018-07 on January 1, 2019 (the effective date) and did not have any reclassifications or material impacts on our consolidated financial statements as a result of this adoption.

Recently Issued Accounting Pronouncements

ASU 2016-13, Financial Instruments Credit Losses;

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ASU 2019-05 provides an option to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost basis for comparability to any new financial assets that elect the fair value option.

We adopted ASU 2016-13, ASU 2018-19, ASU 2019-04 and ASU 2019-05 collectively as of January 1, 2020 (the effective date).

We expect no material impact to our consolidated financial statements and related notes based on our completed evaluation.

We adopted ASU 2016-13, ASU 2018-19, ASU 2019-04 and ASU 2019-05 collectively as of January 1, 2020.

The adoption did not have a material effect on our financial statements and related footnotes.

See the "Credit Losses" section above for further details.

ASU 2018-13, Fair Value Measurement;

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and (ii) for Level 3 fair value measurements in the table of significant input, disclose the range and weighted average of the significant unobservable inputs and the way it is calculated.

We adopted ASU 2018-13 as of January 1, 2020 (the effective date) and considered all level inputs.

We expect no material impact to our consolidated financial statements and related notes based on our completed evaluation.

We adopted ASU 2018-13 as of January 1, 2020 and as of December 31, 2020 there were no transfers between levels and no Level 3 inputs for the period.

Refer to Note 13 - Fair Value of Financial Instruments in the accompanying notes to the consolidated financial statements for more detail relating to our fair value disclosures.

Recently Issued Accounting Pronouncements

ASU 2020-04, Reference Rate Reform (Topic 848)

In March 2020, the FASB issued ASU 2020-04, which is intended to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting.

Reference rate reform is necessary due to the phase out of LIBOR at the end of 2021.

The ASU is optional and provides relief around modification and hedge accounting as it specifically arises from changing reference rates, in addition to optional expedients for cash flow hedges, which the Company has.

For information related to the Company's current cash flow hedges, refer to Note 9 - Derivative Financial Instruments and Hedging Activities.

The amendment is effective from March 12, 2020 through December 31, 2022.

The Company is evaluating how the transition away from LIBOR will affect the Company and if the guidance in this standard will be adopted, however, if adopted, we do not expect that this ASU will have a material impact on our financial statements.

HEALTHCARE TRUST OF AMERICA, INC.

5 unchanged sentences

Year Ended December 31,

2020 2019 2018

Land $ 15,242 $ 108,709 $ 1,895

Building and improvements 156,486 396,660 14,458

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Above market leases 1,215 3,487 —

Below market leasehold interests

Above market leasehold interests

ROU assets 1,527 — —

Net assets acquired 191,286 555,298 17,389

Other, net (1)

432 5,158 447

Aggregate purchase price $ 191,718 $ 560,456 $ 17,836

2 unchanged sentences

Year Ended December 31,

2020 2019 2018

Acquired intangible assets 10.2 5.7 5.8

1 unchanged sentence

Dispositions and Impairment

During the year ended December 31, 2019 , we completed the disposition of four MOBs, located in South Carolina and New Mexico for an aggregate gross sales price of $ 4.9 million , representing approximately 51,000 square feet of GLA, and generated net losses of approximately $ 0.2 million .

Additionally, subsequent to December 31, 2019 , we sold part of our interest in undeveloped land in Miami, FL for a gross sales price of $ 7.6 million which is estimated to result in a net gain of approximately $ 2.0 million .

As of December 31, 2019 , the value of the land sold, $ 4.0 million , was classified as held for sale in other assets.

During the year ended December 31, 2018 , we completed the disposition of 20 MOBs, primarily located in Greenville, South Carolina for an aggregate gross sales price of $ 308.6 million , representing approximately 1.2 million square feet of GLA, and generating net gains of approximately $ 166.0 million .

During the year ended December 31, 2020, we completed the disposition of one MOB, located in Kansas City for an aggregate gross sales price of $ 16.8 million, representing approximately 69,000 square feet of GLA, and generating net gains of approximately $ 7.6 million.

Additionally, during the year ended December 31, 2020, we sold part of our interest in undeveloped land in Miami, Florida for a gross sales price of $ 7.6 million which resulted in a net gain of approximately $ 2.0 million.

During the year ended December 31, 2019, we completed the disposition of four MOBs, located in South Carolina and New Mexico for an aggregate gross sales price of $ 4.9 million, representing approximately 51,000 square feet of GLA, and generating net losses of approximately $ 0.2 million.

During the year ended December 31, 2018, we completed the disposition of 20 MOBs primarily located in Greenville, South Carolina for an aggregate gross sales price of $ 308.6 million, representing approximately 1.2 million square feet of GLA, and generating net gains of $ 166.0 million.

These dispositions consisted of the following:

◦ In August 2018, we completed the Greenville Disposition, which consisted of 17 MOBs for an aggregate gross sales price of $ 294.3 million in two transactions, representing approximately 1.0 million square feet of GLA and included a single MOB which we classified as held for sale as of June 30, 2018.

Additionally, we completed the disposition of three MOBs located in Derry, New Hampshire, North Adams, Massachusetts and Memphis, TN for an aggregate gross sales price of $ 14.3 million , representing approximately 0.2 million square feet of GLA.

During the year ended December 31, 2017 , we completed dispositions of four MOBs located in Wisconsin, California and Texas for an aggregate gross sales price of $ 85.2 million , generating net gains of $ 37.8 million .

During the year ended December 31, 2019 , we recorded no impairment charges.

During the year ended December 31, 2018 , we recorded impairment charges of $ 8.9 million on six MOBs located in Tennessee, Texas and South Carolina.

During the year ended December 31, 2017 , we recorded impairment charges of $ 13.9 million related to two MOBs and a portfolio of MOBs located in Massachusetts, South Carolina and Texas.

◦ Additionally, we completed the disposition of three MOBs located in Derry, NH, North Adams, MA and Memphis, TN for an aggregate gross sales price of $ 14.3 million, representing approximately 0.2 million square feet of GLA.

During each of the years ended December 31, 2020 and 2019, we recorded no impairment charges after consideration of the impacts, on a qualitative and quantitative basis, of the ongoing COVID-19 pandemic.

As the COVID-19 pandemic continues to develop, we will monitor the performance of our buildings and other assets to determine whether any additional impairment indicators unique to the COVID-19 pandemic are present, including but not limited to, significant prolonged disruption in cash flows, tenant vacancies, or lease modifications, and that would indicate the recoverability of

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

recorded values of these assets may be at risk.

Accordingly, we will continue to apply the applicable accounting guidance in our consideration of our ongoing impairment analysis as conditions warrant.

During the year ended December 31, 2018, we recorded impairment charges of $ 8.9 million on six MOBs located in Tennessee, Texas and South Carolina.

Intangible Assets and Liabilities

Intangible assets and liabilities consisted of the following as of December 31, 2020 and 2019, respectively (in thousands, except weighted average remaining amortization terms):

December 31, 2019

December 31, 2018

Weighted Average Remaining

Amortization in Years

Weighted Average Remaining

December 31, 2020 December 31, 2019

Balance Weighted Average Remaining

Amortization in Years Balance Weighted Average Remaining

Amortization in Years

In place leases

$ 483,779 9.7 $ 481,173 9.5

Tenant relationships

144,842 10.0 146,893 9.7

Above market leases

Below market leasehold interests (1)

37,876 5.8 37,613 6.2

666,497 665,679

Accumulated amortization ( 427,937 ) ( 387,827 )

Total $ 238,560 9.6 $ 277,852 9.4

Below market leases $ 61,896 14.6 $ 65,966 13.9

Above market leasehold interests (1)

Accumulated amortization ( 29,357 ) ( 27,187 )

(1) As a result of the adoption of Topic 842 on January 1, 2019, the presentation of below and above market leasehold interests as of December 31, 2019 does not conform to the prior year presentation.

Total $ 32,539 14.6 $ 38,779 13.9

The following is a summary of the net intangible amortization for the years ended December 31, 2020, 2019 and 2018, respectively (in thousands):

Year Ended December 31,

2020 2019 2018

Amortization recorded against rental income related to above and (below) market leases

$ ( 4,056 ) $ ( 4,422 ) $ ( 913 )

Rental expense related to above and (below) market leasehold interests (1)

Amortization expense related to in place leases and tenant relationships

55,138 60,363 68,394

(1) As a result of the adoption of Topic 842 on January 1, 2019, the presentation of rental expense related to above and below market leasehold interests for the year ended December 31, 2019 does not conform to the prior year presentation.

As of December 31, 2020, the amortization of intangible assets and liabilities is as follows (in thousands):

Year Assets Liabilities

2021 $ 45,975 $ 5,210

2022 36,016 4,603

2023 29,427 3,795

2024 24,437 3,210

2025 20,940 2,681

Thereafter 81,765 13,040

Total $ 238,560 $ 32,539

HEALTHCARE TRUST OF AMERICA, INC.

3 unchanged sentences

Tenant receivables, net

$ 17,717 $ 11,801

Other receivables, net

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Deferred leasing costs, net

43,234 36,586

Straight-line rent receivables, net 128,070 107,800

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Held for sale assets — 3,984

(1) Amount primarily relates to an involuntary conversion at one of our properties in the amount of $3.7 million.

Pursuant to applicable accounting guidance, we deemed the receipt of funds from our insurance company probable and expect the funds to fully cover, less our immaterial deductible, the damages we experienced.

Total $ 251,728 $ 237,024

(1) Amount in 2019 primarily relates to an involuntary conversion at one of our properties.

In 2020, the damages were fully recovered from our insurance company less our deductible.

The following is a summary of the amortization of deferred leasing costs and financing costs for the years ended December 31, 2020, 2019 and 2018, respectively (in thousands):

Year Ended December 31, 2020

2020 2019 2018

Amortization expense related to deferred leasing costs

$ 8,755 $ 7,976 $ 6,252

Interest expense related to deferred financing costs 1,724 1,724 1,724

As of December 31, 2020, the amortization of deferred leasing costs and financing costs is as follows (in thousands):

2021 $ 10,066

Thereafter 12,425

Total $ 45,820

The majority of our lease expenses are derived from our ground leases and a few corporate leases, which are primarily for office space .

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As of December 31, 2020, we have no new ground leases or corporate leases that have not yet commenced.

As part of the adoption of Topic 842, a lease liability and a corresponding ROU asset was recorded on our accompanying consolidated balance sheets effective January 1, 2019.

The lease liability was calculated as the present value of the remaining lease payments using the lease term at lease commencement and an incremental borrowing rate.

In determining this calculation, we made the following assumptions and judgments:

During the year ended December 31, 2020, we commenced four new ground leases as part of building acquisitions made during the year.

Two of the ground leases were prepaid at the time of property acquisition and the other two were analyzed and classified as finance leases.

Additionally, two ground leases previously classified as finance leases were terminated, as we acquired the underlying land through purchase options.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

only material ground leases and corporate leases exceeding one year in duration were included in our lease population.

Office equipment and other non-essential leases were excluded from this population due to immateriality;

a series of incremental borrowing rates were determined based on observed prices and credit spreads of our unsecured senior debt as of December 31, 2018 after applying treasury or other similar index rates as of January 1, 2019 to leases that correspond to the remaining lease terms, adjusted for the effects of collateral.

At adoption, the ROU asset was calculated as the sum of the lease liability, deferred rent of approximately $( 19.0 ) million , and the above and below market leasehold interest balances as of December 31, 2018 of approximately $ 66.5 million , which were previously recorded as other intangibles and intangible liabilities on our accompanying consolidated balance sheets.

In addition, in November 2019, the commencement date of the previously disclosed ground lease occurred.

Based on our analysis, we concluded that its classification was a finance lease.

Lessee - Lease Costs

Lease costs consisted of the following for the year ended December 31, 2019 (in thousands):

Year Ended December 31, 2019

Operating lease cost

Variable lease cost

Finance lease cost:

Amortization of right of use assets

Interest on lease liabilities

Total lease cost

Lessee - Lease Term and Discount Rates

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The following table summarizes the future minimum lease obligations of our operating and finance leases as of December 31, 2020 under Topic 842 (in thousands):

Operating leases

Finance leases

Year Operating leases Finance leases

2021 $ 10,730 $ 315

2022 10,926 315

2023 11,066 314

2024 10,412 314

2025 9,902 318

Thereafter 624,257 18,414

Total undiscounted lease payments $ 677,293 $ 19,990

Interest ( 478,926 ) ( 12,209 )

Present value of lease liabilities $ 198,367 $ 7,781

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Under the previous lease accounting standard, Topic 840, the following table summarizes the future minimum lease obligations of our operating leases as of December 31, 2018 (in thousands):

Lessor - Lease Revenues and Maturity of Future Minimum Rents

1 unchanged sentence

Leases also provide for additional rents based on certain operating expenses.

For the year ended December 31, 2019 , we recognized $ 686.2 million of rental and other lease-related income related to our operating leases of which $ 154.3 million were variable lease payments.

For the years ended December 31, 2020 and 2019, we recognized $ 732.5 million and $ 686.2 million, respectively, of rental and other lease-related income related to our operating leases, of which $ 169.1 million and $ 154.3 million, respectively, were variable lease payments.

The following table summarizes the future minimum rent contractually due under operating leases, excluding tenant reimbursements of certain costs, as of December 31, 2020 under Topic 842 (in thousands):

Under the previous lease accounting standard, Topic 840, the following table summarizes the future minimum rent contractually due under operating leases, excluding tenant reimbursements of certain costs, as of December 31, 2018 (in thousands):

A certain amount of our rental income is from tenants with leases which are subject to contingent rent provisions.

These contingent rents are subject to the tenant achieving periodic revenues in excess of specified levels.

For the years ended December 31, 2019 , 2018 and 2017 , the amount of contingent rent earned by us was not significant.

2021 $ 550,240

Thereafter 1,465,483

Total $ 3,725,383

HEALTHCARE TRUST OF AMERICA, INC.

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Fixed rate mortgages — 114,060

3,050,000 2,764,060

Deferred financing costs, net ( 19,157 ) ( 16,255 )

Net premium (discount) ( 3,844 ) 1,970

Total $ 3,026,999 $ 2,749,775

Unsecured Credit Agreement

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We also pay a facility fee ranging from 0.13 % to 0.30 % per annum on the aggregate commitments under the unsecured revolving credit facility.

As of December 31, 2019 , the margin associated with our borrowings was 1.00 % per annum and the facility fee was 0.20 % per annum.

Unsecured Term Loan due 2023

As of December 31, 2020, HTALP had no outstanding balance under the unsecured revolving credit facility.

The current margin associated with any future borrowings is 1.00 % per annum and the facility fee is 0.20 % per annum.

$ 300.0 Million Unsecured Term Loan due 2023

In 2017, we entered into the Unsecured Credit Agreement as noted above.

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$ 300.0 Million Unsecured Senior Notes due 2023

In September 2019, in connection with HTALP ’s issuance of $ 900.0 million of unsecured senior notes, all of the $ 300.0 million outstanding 2021 unsecured senior notes originally due to mature on July 15, 2021, including any accrued and unpaid interest and a make-whole provision, were redeemed in full, with net proceeds from the offering.

The make-whole fee of $ 7.4 million is recorded in loss on extinguishment of debt in the accompanying consolidated statements of operations.

$ 400.0 Million Unsecured Senior Notes due 2022

In September 2019, in connection with HTALP ’s issuance of $ 900.0 million of unsecured senior notes, all of the $ 400.0 million outstanding 2022 unsecured senior notes originally due to mature on July 1, 2022, including any accrued and unpaid interest and a make-whole provision, were redeemed in full, with net proceeds from the offering.

The make-whole fee of $ 10.9 million is recorded in loss on extinguishment of debt in the accompanying consolidated statements of operations.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

$ 300.0 Million Unsecured Senior Notes due 2023

As of December 31, 2019 , HTALP had $ 300.0 million of unsecured senior notes outstanding that are guaranteed by us.

These unsecured senior notes are registered under the Securities Act, bear interest at 3.70 % per annum and are payable semi-annually.

Additionally, these unsecured senior notes were offered at 99.19 % of the principal amount thereof, with an effective yield to maturity of 3.80 % per annum.

As of December 31, 2019 , HTALP had $ 300.0 million of these unsecured senior notes outstanding that mature on April 15, 2023.

In September 2020, in connection with HTALP's issuance of $ 800.0 million of unsecured senior notes due 2031 referenced below, all of the $ 300.0 million outstanding 2023 unsecured senior notes originally due to mature on April 15, 2023, including any accrued and unpaid interest and make-whole provision, were redeemed in full, with net proceeds from the offering.

The make-whole fee that was required per the terms of the indenture agreement upon our calling these notes of $ 24.7 million is recorded in loss on extinguishment of debt in the accompanying consolidated statements of operations.

$ 600.0 Million Unsecured Senior Notes due 2026

1 unchanged sentence

These unsecured senior notes are registered under the Securities Act, bear interest at 3.50 % per annum and are payable semi-annually.

Additionally, these unsecured senior notes were offered at 103.66 % and 99.72 % , respectively, of the principal amount thereof, with an effective yield to maturity of 2.89 % and 3.53 % , respectively, per annum.

Additionally, these unsecured senior notes were offered at 103.66 % and 99.72 %, respectively, of the principal amount thereof, with an effective yield to maturity of 2.89 % and 3.53 %,

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

respectively, per annum.

As of December 31, 2020, HTALP had $ 600.0 million of these unsecured senior notes outstanding that mature on August 1, 2026.

$ 500.0 Million Unsecured Senior Notes due 2027

In 2017, in connection with the $ 400.0 million unsecured senior notes due 2022 referenced above, HTALP issued $ 500.0 million of unsecured senior notes that are guaranteed by us.

In 2017, HTALP issued $ 500.0 million of unsecured senior notes that are guaranteed by HTA.

These unsecured senior notes are registered under the Securities Act, bear interest at 3.75 % per annum and are payable semi-annually.

6 unchanged sentences

As of December 31, 2020, HTALP had $ 650.0 million of these unsecured senior notes outstanding that mature on February 15, 2030.

$ 800.0 Million Unsecured Senior Notes due 2031

In September 2020, HTALP issued $ 800.0 million of unsecured senior notes that are guaranteed by HTA.

These unsecured senior notes are registered under the Securities Act, bear interest at 2.00 % per annum and are payable semi-annually.

Additionally, these unsecured notes were offered at 99.20 % of the principal amount thereof, with an effective yield to maturity of 2.09 % per annum.

We incurred financing costs of $ 6.8 million in relation to this transaction, which are being amortized through the maturity date.

As of December 31, 2020, HTALP had $ 800.0 million of these unsecured senior notes outstanding that mature on March 15, 2031.

Fixed Rate Mortgages

In 2017, we were required by the seller under the Duke acquisition to execute a promissory note (the “Promissory Note”), as the borrower, for a part of the purchase price, secured by a senior secured first lien, subject to customary non-recourse carve-outs, in the amount of $ 286.0 million .

The Promissory Note bears interest at 4.0 % per annum and is payable in three equal payments maturing on January 10, 2020 and is guaranteed by us.

As of December 31, 2019 , the outstanding balance was $ 95.0 million , which was paid on January 10, 2020.

During the year ended December 31, 2019 , we paid approximately $ 97.4 million of our fixed rate mortgages.

As of December 31, 2019 , HTALP and its subsidiaries had mortgages with interest rates ranging from 2.85 % to 4.00 % per annum and a weighted average interest rate of 3.93 % per annum.

During the year ended December 31, 2020, we repaid $ 114.1 million of our fixed rate mortgages.

As of December 31, 2020, HTALP and its subsidiaries had no fixed rate mortgages outstanding.

Future Debt Maturities

The following table summarizes the debt maturities and scheduled principal repayments of our indebtedness as of December 31, 2020 (in thousands):

Thereafter 2,550,000

Total $ 3,050,000

HEALTHCARE TRUST OF AMERICA, INC.

2 unchanged sentences

As of December 31, 2020, the future amortization of our deferred financing costs is as follows (in thousands):

Thereafter 6,478

Total $ 19,157

Debt Covenants

20 unchanged sentences

Such treasury locks are entered into to effectively fix the treasury component of an upcoming debt issuance.

As a result of our adoption of ASU 2017-12 as of January 1, 2018, the entire change in the fair value of derivatives designated and qualify as cash flow hedges are recorded in accumulated other comprehensive income (loss) in the accompanying consolidated balance sheets and are subsequently reclassified into earnings in the period in which the hedged forecasted transaction affects earnings.

During the year ended December 31, 2019 , such derivatives were used to hedge the variable cash flows associated with variable rate debt.

Additionally, as a result of the foregoing adoption of ASU 2017-12, we no longer disclose the ineffective portion of the change in fair value of our derivatives financial instruments designated as hedges.

Amounts reported in accumulated other comprehensive income (loss) in the accompanying consolidated balance sheets related to derivatives will be reclassified to interest expense as interest payments are made on our variable rate debt.

During the next twelve months, we estimate that an additional $ 6.6 million will be reclassified from other comprehensive income (loss) in the accompanying consolidated balance sheets as an increase to interest related to derivative financial instruments in the accompanying consolidated statements of operations.

As of December 31, 2020, we had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (in thousands, except number of instruments):

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

next twelve months, we estimate that an additional $ 1.2 million will be reclassified from other comprehensive income (loss) in the accompanying consolidated balance sheets as an increase to interest related to derivative financial instruments in the accompanying consolidated statements of operations.

In August 2018, we settled three of our five cash flow hedges utilizing net proceeds from the Greenville Disposition to do so.

See Note 4 - Dispositions and Impairment in the accompanying notes to the consolidated financial statements for more detail on the Greenville Disposition.

As of December 31, 2019 , we had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (in thousands, except number of instruments):

Cash Flow Hedges

December 31, 2019

Cash Flow Hedges December 31, 2020

Number of instruments 7

2 unchanged sentences

We had no offsetting derivatives as of December 31, 2020 .

Asset Derivatives

Liability Derivatives

Asset Derivatives Liability Derivatives

Fair Value at:

2 unchanged sentences

Balance Sheet

December 31, 2019

December 31, 2018

Balance Sheet

December 31, 2019

December 31, 2018

Interest rate swaps

Receivables and other assets

Derivative financial instruments

Location December 31, 2020 December 31, 2019 Balance Sheet

Location December 31, 2020 December 31, 2019

Interest rate swaps Receivables and other assets $ — $ 3,011 Derivative financial instruments $ 14,957 $ 29

The table below presents the gain or loss recognized on our derivative financial instruments designated as hedges as well as our classification in the accompanying consolidated statements of operations for the years ended December 31, 2020, 2019 and 2018, respectively (in thousands).

As a result of the foregoing adoption of ASU 2017-12, we no longer disclose the ineffective portion of the change in fair value of our derivative financial instruments designated as hedges.

Gain (Loss) Recognized in OCI on Derivative

Gain (Loss) Reclassified from Accumulated OCI into Income (1)

Year Ended December 31,

Derivatives Cash Flow Hedging Relationships:

Statement of Operations Location

Interest rate swaps

Interest related to derivative financial instruments

(1) For the year ended December 31, 2018, due to the settlement of three cash flow hedges that was a result of the prepayment of its associated debt, a forecasted amount of gain reclassified from accumulated OCI to income in the amount of approximately $0.6 million will not occur.

This reclassification was reported in loss on extinguishment of debt on the accompanying consolidated statements of operations.

Effect of Derivative Instruments Operations and Comprehensive (Loss) Income 2020 2019 2018

(Loss) gain recognized in OCI Change in unrealized losses on cash flow hedges $ ( 25,773 ) $ 5,910 $ 1,385

(Loss) gain reclassified from accumulated OCI into income Interest expense ( 3,897 ) 1,594 746

Non-Designated Hedges

7 unchanged sentences

Failure to comply with the covenant provisions would result in us being in default on any derivative instrument obligations covered by these agreements.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

As of December 31, 2019 , there is $ 29 thousand of the fair value of derivatives in a net liability position.

As of December 31, 2020, the fair value of derivatives in a net liability position, including accrued interest, but excluding any adjustment for nonperformance risk related to these agreements, was $ 15.3 million.

As of December 31, 2020, we have not posted any collateral related to these agreements and we were not in breach of any of the provisions of these agreements.

As such, there is no termination value as of December 31, 2019 .

If we had breached any of the provisions of these agreements, we could have been required to settle our obligations under these agreements.

2 unchanged sentences

However, we are not presently subject to any material litigation nor, to our knowledge, is any material litigation threatened against us, which if determined unfavorably to us, would have a material effect on our consolidated financial position, results of operations or cash flows.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Environmental Matters

9 unchanged sentences

The redemption price was based on the fair value of their interest at the time of option exercise.

As of December 31, 2019 , all redeemable noncontrolling interests have either converted their interest to OP Units or received cash proceeds.

As of September 30, 2019, all redeemable noncontrolling interests had either converted their interest to OP Units or received cash proceeds.

Since that time and through December 31, 2020, there has been no activity.

The following is summary of the activity of our redeemable noncontrolling interests as of December 31, 2020 and 2019, respectively (in thousands):

3 unchanged sentences

Fair value adjustment — ( 425 )

Redemptions — ( 3,441 )

Issuance of OP Units — ( 2,603 )

7 unchanged sentences

Common Stock Offerings

In June 2018, we settled a forward sale arrangement pursuant to a forward equity agreement that we entered into in October 2017, which included the sale of approximately 2.6 million shares of our common stock for net proceeds of approximately $ 73.8 million , adjusted for costs to borrow equating to a net price to us of $ 28.94 per share of common stock.

In December 2018, we entered into new equity distribution agreements with various sales agents with respect to our ATM offering program of common stock with an aggregate sales amount of up to $ 500.0 million.

2 unchanged sentences

During the year ended December 31, 2020, we issued approximately 1.7 million shares of our common stock under our ATM for net proceeds of approximately $ 50.0 million, adjusted for costs to borrow equating to a net price to us of $ 29.86 per share of common stock.

In the fourth quarter of 2019, we entered into three forward sale arrangements pursuant to forward equity agreements, with anticipated net proceeds of $ 306.2 million with maturity dates in late 2020, subject to adjustments as provided in the forward equity agreement.

Additionally, we have four outstanding forward sale arrangements pursuant to forward equity agreements, with anticipated net proceeds of $ 277.5 million, subject to adjustments as provided in the forward equity agreement.

All four of these forward sale arrangements mature in accordance with their applicable contract terms by the middle of 2021.

As of December 31, 2020, $ 570.6 million remained available for issuance by us under our current ATM.

1 unchanged sentence

Stock Repurchase Plan

In August 2018, our Board of Directors approved a stock repurchase plan authorizing us to purchase up to $ 300.0 million of our common stock from time to time prior to the expiration thereof on June 7, 2020 .

During the year ended December 31, 2019 , we repurchased 345,786 shares of our outstanding common stock thereunder, at an average price of $ 24.65 per share, pursuant to this stock repurchase plan.

During the year ended December 31, 2018 , we repurchased approximately 2.6 million shares of our outstanding common stock thereunder, at an average price of $ 26.12 per share, for an aggregate amount of approximately $ 67.2 million , pursuant to this stock repurchase plan.

As of December 31, 2019 , the remaining amount of common stock available for repurchase under the stock repurchase plan was approximately $ 224.3 million .

In September 2020, our Board of Directors approved a stock repurchase plan authorizing us to purchase up to $ 300.0 million of our common stock from time to time prior to the expiration thereof on September 22, 2023.

As of December 31, 2020, the remaining amount of common stock available for repurchase under the stock repurchase plan was $ 300.0 million.

During the year ended December 31, 2019, we repurchased approximately 345,786 shares of our outstanding common stock under the previous stock repurchase plan, at an average price of $ 24.65 per share, pursuant to this stock repurchase plan, which expired on August 1, 2020.

Common Stock Dividends

See our accompanying consolidated statements of equity and changes in partners’ capital for the dividends declared during the years ended December 31, 2020, 2019 and 2018.

On February 13, 2020 , our Board of Directors announced a quarterly dividend of $ 0.315 per share of common stock and per OP Unit to be paid on April 9, 2020 to stockholders of record of our common stock and holders of our OP Units on April 2, 2020 .

As of December 31, 2020 and 2019, declared but unpaid dividends totaling $ 71.4 million and $ 69.5 million, respectively, were included in accounts payable and accrued liabilities.

Incentive Plan

20 unchanged sentences

The following is a summary of our restricted common stock activity as of December 31, 2020 and 2019, respectively:

December 31, 2019

December 31, 2018

Restricted Common Stock

December 31, 2020 December 31, 2019

Restricted Common Stock Weighted

Average Grant

Date Fair Value

Restricted Common Stock

Date Fair Value Restricted Common Stock Weighted

Average Grant

1 unchanged sentence

Beginning balance 600,987 $ 28.04 624,349 $ 29.35

Granted 273,503 29.83 333,820 26.08

Vested ( 426,693 ) 28.93 ( 341,470 ) 28.51

Forfeited ( 11,398 ) 28.88 ( 15,712 ) 28.19

Ending balance 436,399 $ 28.27 600,987 $ 28.04

2 unchanged sentences

The table below presents the carrying amounts and fair values of our financial instruments on a recurring basis as of December 31, 2020 and 2019 (in thousands):

December 31, 2019

December 31, 2018

Carrying Amount

December 31, 2020 December 31, 2019

Carrying Amount Fair Value Carrying Amount Fair Value

Level 2 - Assets:

2 unchanged sentences

Derivative financial instruments $ 14,957 $ 14,957 $ 29 $ 29

Debt 3,026,999 3,258,573 2,749,775 2,826,983

The carrying amounts of cash and cash equivalents, tenant and other receivables, restricted cash, accounts payable, and accrued liabilities approximate fair value.

10 unchanged sentences

Per Share Data of HTA

In October 2017, we entered a forward sale arrangement pursuant to a forward equity agreement to sell approximately 2.6 million shares of our common stock through our ATM.

In June 2018, we settled our forward sale arrangement for proceeds of approximately $ 73.8 million , adjusted for costs to borrow equating to a net price to us of $ 28.94 per share of common stock.

To account for the forward equity agreement, we considered the accounting guidance governing financial instruments and derivatives and concluded that our forward equity agreement was not a liability as it did not embody obligations to repurchase our shares of common stock nor did it embody obligations to issue a variable number of shares for which the monetary value was predominately fixed, varying with something other than the fair value of the shares, or varying inversely in relation to our

Additionally, we have four outstanding forward sale arrangements pursuant to forward equity agreements, with anticipated net proceeds of $ 277.5 million, with an average share price of $ 29.46 , subject to adjustments as provided in the forward equity agreements.

All four of the arrangements mature by the middle of 2021.

We also evaluated whether the agreement met the derivatives and hedging guidance scope exception to be accounted for as an equity instrument and concluded that the agreement can be classified as an equity contract based on the following assessment:

(i) the agreement did not exercise contingencies were based on observable markets or indices besides those related

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

(i) the agreement did not exercise contingencies were based on observable markets or indices besides those related to the market for our own stock price and operations;

to the market for our own stock price and operations;

and (ii) none of the settlement provisions precluded the agreement from being indexed to our own common stock.

9 unchanged sentences

Year Ended December 31,

2020 2019 2018

$ 53,508 $ 30,758 $ 217,626

Net income attributable to noncontrolling interests ( 890 ) ( 604 ) ( 4,163 )

1 unchanged sentence

Weighted average shares outstanding - basic 218,078 205,720 206,065

Dilutive shares - OP Unit convertible into common stock

Dilutive effect of forward equity sales agreement

Dilutive shares - OP Units convertible into common stock 3,588 3,885 3,996

Adjusted weighted average shares outstanding - diluted 221,666 209,605 210,061

1 unchanged sentence

Net income attributable to common stockholders

$ 0.24 $ 0.15 $ 1.04

Earnings per common share - diluted

Net income attributable to common stockholders

$ 0.24 $ 0.14 $ 1.02

HEALTHCARE TRUST OF AMERICA, INC.

1 unchanged sentence

Per Unit Data of HTALP

In October 2017, we entered a forward sale arrangement pursuant to a forward equity agreement to sell approximately 2.6 million shares of our common stock through our ATM.

During the year ended December 31, 2019 , we issued approximately 11.1 million shares of our common stock through our ATM.

Refer to Note 14 - Per Share Data of HTA in the accompanying notes to the consolidated financial statements for a more detailed discussion related to our forward equity agreement settled in June 2018.

All four of the arrangements mature by the middle of 2021.

Refer to Note 14 - Per Share Data of HTA to our consolidated financial statements for a more detailed discussion related to our forward equity agreements executed in 2019 and March 2020.

The following is the reconciliation of the numerator and denominator used in basic and diluted earnings per unit of HTALP for the years ended December 31, 2020, 2019 and 2018, respectively (in thousands, except per unit data):

Year Ended December 31,

2020 2019 2018

$ 53,508 $ 30,758 $ 217,626

Net income attributable to noncontrolling interests

Net income attributable to common unitholders

— ( 66 ) ( 89 )

Net income attributable to common OP unitholders $ 53,508 $ 30,692 $ 217,537

Weighted average units outstanding - basic 221,666 209,605 210,061

Dilutive effect of forward equity sales agreement

Adjusted weighted average units outstanding - diluted

Dilutive units - OP Units convertible into common units — — —

Adjusted weighted average OP units outstanding - diluted 221,666 209,605 210,061

Earnings per common unit - basic:

Net income attributable to common unitholders

Net income attributable to common OP unitholders $ 0.24 $ 0.15 $ 1.04

Earnings per common unit - diluted:

Net income attributable to common unitholders

Net income attributable to common OP unitholders $ 0.24 $ 0.15 $ 1.04

Supplemental Cash Flow Information

1 unchanged sentence

Year Ended December 31,

2020 2019 2018

Supplemental Disclosure of Cash Flow Information:

Interest paid, net of capitalized interest $ 83,375 $ 94,668 $ 101,165

Income taxes paid

Cash paid for operating leases 12,465 11,842 —

Supplemental Disclosure of Noncash Investing and Financing Activities:

Accrued capital expenditures

Debt and interest rate swaps assumed and entered into in connection with an acquisition

Accrued capital and development expenditures $ 31,807 $ 6,381 $ 9,878

Extinguishment of finance ground lease from land acquisition 1,710 — —

Dividend distributions declared, but not paid

71,423 69,468 65,034

Issuance of OP Units in HTALP

2 unchanged sentences

Redemption of noncontrolling interest

9,019 7,527 5,195

ROU assets obtained in exchange for lease obligations

4,373 200,879 —

HEALTHCARE TRUST OF AMERICA, INC.

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Year Ended December 31,

2020 2019 2018

Ordinary income $ 0.6976 $ 0.6405 $ 0.6559

Return of capital 0.5582 0.6045 —

Capital gain 0.0092 — 0.5691

Total $ 1.2650 $ 1.2450 $ 1.2250

Selected Quarterly Financial Data of HTA (Unaudited)

2 unchanged sentences

Quarter Ended (1)

2020 March 31 June 30 September 30 December 31

Revenues $ 185,776 $ 178,845 $ 187,326 $ 187,018

Net income (loss) 18,208 13,725 ( 6,932 ) 28,507

2 unchanged sentences

Net income (loss) attributable to common stockholders

$ 0.08 $ 0.06 $ ( 0.03 ) $ 0.13

Earnings per common share - diluted:

Net income (loss) attributable to common stockholders

$ 0.08 $ 0.06 $ ( 0.03 ) $ 0.13

(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding.

Quarter Ended (1)

Net income attributable to common stockholders

2019 March 31 June 30 September 30 December 31

Revenues $ 168,966 $ 171,757 $ 175,004 $ 176,313

Net income (loss) 13,701 16,598 ( 8,577 ) 9,036

Net income (loss) attributable to common stockholders 13,440 16,259 ( 8,463 ) 8,918

Earnings per common share - basic:

Net income attributable to common stockholders

Net income (loss) attributable to common stockholders $ 0.07 $ 0.08 $ ( 0.04 ) $ 0.04

Earnings per common share - diluted:

Net income attributable to common stockholders

Net income (loss) attributable to common stockholders $ 0.06 $ 0.08 $ ( 0.04 ) $ 0.04

(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Selected Quarterly Financial Data of HTALP (Unaudited)

2 unchanged sentences

Quarter Ended (1)

2020 March 31 June 30 September 30 December 31

Revenues $ 185,776 $ 178,845 $ 187,326 $ 187,018

Net income (loss) 18,208 13,725 ( 6,932 ) 28,507

Net income (loss) attributable to common unitholders

Earnings per common unit - basic:

Net income (loss) attributable to common unitholders

Earnings per common unit - diluted:

Net income (loss) attributable to common unitholders

Net income (loss) attributable to common OP unitholders 18,208 13,725 ( 6,932 ) 28,507

Earnings per common OP unit - basic:

Net income (loss) attributable to common OP unitholders $ 0.08 $ 0.06 $ ( 0.03 ) $ 0.13

Earnings per common OP unit - diluted:

Net income (loss) attributable to common OP unitholders $ 0.08 $ 0.06 $ ( 0.03 ) $ 0.13

(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding.

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Quarter Ended (1)

Net income attributable to common unitholders

Earnings per common unit - basic:

Net income attributable to common unitholders

Earnings per common unit - diluted:

Net income attributable to common unitholders

2019 March 31 June 30 September 30 December 31

Revenues $ 168,966 $ 171,757 $ 175,004 $ 176,313

Net income (loss) 13,701 16,598 ( 8,577 ) 9,036

Net income (loss) attributable to common OP unitholders 13,673 16,560 ( 8,577 ) 9,036

Earnings per common OP unit - basic:

Net income (loss) attributable to common OP unitholders $ 0.07 $ 0.08 $ ( 0.04 ) $ 0.04

Earnings per common OP unit - diluted:

Net income (loss) attributable to common OP unitholders $ 0.07 $ 0.08 $ ( 0.04 ) $ 0.04

(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding.

2 unchanged sentences

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION

HEALTHCARE TRUST OF AMERICA, INC.

AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION — (Continued)

The following schedule presents our total real estate investments and accumulated depreciation for our portfolio as of December 31, 2020 (in thousands):

Initial Cost to Company

Acquisition (a)

Gross Amount at Which

Initial Cost to Company Cost

Acquisition (a) Gross Amount at Which

Carried at Close of Period

Encumbrances Land Buildings,

Improvements and

Fixtures Land Buildings,

Improvements and

Fixtures Total (c) Accumulated

Depreciation (f)

Date of Construction

Life on Which Building Depreciation in Income Statement is Computed (h)

Date of Construction Date

Acquired Life on Which Building Depreciation in Income Statement is Computed (h)

Operating Properties:

Alabaster, AL

Simon Williamson Clinic

Birmingham, AL

Phoenix Med Center

Thunderbird MOP

Desert Ridge MOB

Dignity Phoenix MOBs

Estrella Med Center

Sun City Boswell MOBs

Sun City Boswell West

Sun City Webb MP

Sun City West MOBs

Gateway Med Plaza

Tucson Academy MOP

Tucson Desert Life MOP

Dignity Mercy MOBs

Bakersfield, CA

5995 Plaza Drive

Dignity Glendale MOB

3rd Street MOB

Los Angeles, CA

Mission Medical Center MOBs

Mission Viejo, CA

Dignity Northridge MOBs

Northridge, CA

San Luis Obispo MOB

San Luis Obispo, CA

Santa Clarita, CA

Dignity Marian MOBs

Santa Maria, CA

SCL Health MOBs

Hampden Place MOB

Englewood, CO

Highlands Ranch MOP

Highlands Ranch, CO

Lone Tree Medical Office Buildings

Lone Tree, CO

Lincoln Medical Center

533 Cottage - Northwestern

Bloomfield, CT

Northwestern MOBs

Bloomfield, CT

406 Farmington

Farmington, CT

Shelby MOBs Alabaster, AL $ — $ — $ 25,095 $ 2,411 $ — $ 27,506 $ 27,506 $ ( 4,326 ) 1995-1998 2016 36

Simon Williamson Clinic Birmingham, AL — — 25,689 25 — 25,714 25,714 ( 3,841 ) 2007 2016 36

Jasper Jasper, AL — — 5,973 451 — 6,424 6,424 ( 1,350 ) 1979 2016 25

Phoenix Med Center Glendale, AZ — 453 2,768 824 453 3,592 4,045 ( 1,357 ) 1989 2011 39

Thunderbird MOP Glendale, AZ — 3,842 19,679 4,164 3,842 23,843 27,685 ( 11,198 ) 1976-1987 2007 39

Peoria MOB Peoria, AZ — 605 4,394 2,024 605 6,418 7,023 ( 1,845 ) 2000 2010 39

Baptist MC Phoenix, AZ — — 12,637 4,032 — 16,669 16,669 ( 6,001 ) 1973 2008 39

Desert Ridge MOB Phoenix, AZ — — 27,738 3,145 — 30,883 30,883 ( 9,154 ) 2004-2006 2011 39

Dignity Phoenix MOBs Phoenix, AZ — — 66,106 3,189 — 69,295 69,295 ( 10,009 ) 1984-1997 2017 20-39

Estrella Med Center Phoenix, AZ — — 24,703 3,242 — 27,945 27,945 ( 9,525 ) 2004 2010 39

Sun City Boswell MOBs Sun City, AZ — — 12,642 6,031 — 18,673 18,673 ( 7,812 ) 1971-2001 2009 39

Sun City Boswell West Sun City, AZ — — 6,610 2,859 — 9,469 9,469 ( 4,005 ) 1992 2009 39

Sun City Webb MP Sun City, AZ — — 16,188 4,717 — 20,905 20,905 ( 7,674 ) 1997-2004 2009 39

Sun City West MOBs Sun City, AZ — 744 13,466 3,276 744 16,742 17,486 ( 7,056 ) 1987-2002 2009 39

Gateway Med Plaza Tucson, AZ — — 14,005 933 — 14,938 14,938 ( 4,384 ) 2008 2010 39

Tucson Academy MOP Tucson, AZ — 1,193 6,107 1,697 1,193 7,804 8,997 ( 3,536 ) 1978 2008 39

Tucson Desert Life MOP Tucson, AZ — 1,309 17,572 5,862 1,309 23,434 24,743 ( 9,594 ) 1980 -1984 2007 39

Dignity Mercy MOBs Bakersfield, CA — — 15,207 241 — 15,448 15,448 ( 2,190 ) 1992 2017 35

5995 Plaza Drive Cypress, CA — 5,109 17,961 3,204 5,109 21,165 26,274 ( 7,115 ) 1986 2008 39

Dignity Glendale MOB Glendale, CA — — 7,244 235 — 7,479 7,479 ( 1,256 ) 1980 2017 30

3rd Street MOB Los Angeles, CA — 10,603 63,419 999 10,603 64,418 75,021 ( 3,171 ) 1990 2019 39

Mission Medical Center MOBs Mission Viejo, CA — 21,911 117,672 6,913 21,911 124,585 146,496 ( 14,237 ) 1972-1985 2016 39

Dignity Northridge MOBs Northridge, CA — — 21,467 952 — 22,419 22,419 ( 3,255 ) 1979-1994 2017 30-35

San Luis Obispo MOB San Luis Obispo, CA — — 11,900 2,006 — 13,906 13,906 ( 4,846 ) 2009 2010 39

Facey MOB Santa Clarita, CA — 6,452 5,586 19,622 6,452 25,208 31,660 ( 2,401 ) 2018 2017 39

Dignity Marian MOBs Santa Maria, CA — — 13,646 802 — 14,448 14,448 ( 2,496 ) 1994-1995 2017 17-38

SCL Health MOBs Denver, CO — 11,652 104,327 5,676 11,652 110,003 121,655 ( 11,186 ) 2015-2017 2017 39

Rampart MOB Denver, CO — 3,794 13,077 376 3,794 13,453 17,247 ( 662 ) 1983-1995 2019 39

Hampden Place MOB Englewood, CO — 3,032 12,553 641 3,032 13,194 16,226 ( 4,496 ) 2004 2009 39

Highlands Ranch MOP Highlands Ranch, CO — 2,240 10,426 9,155 2,240 19,581 21,821 ( 7,938 ) 1983-1985 2007 39

Lone Tree Medical Office Buildings Lone Tree, CO — 3,736 29,546 1,909 3,736 31,455 35,191 ( 6,509 ) 2004-2008 2014 38

Lincoln Medical Center Parker, CO — 5,142 28,638 2,035 5,142 30,673 35,815 ( 7,073 ) 2008 2013 39

80 Fisher Avon, CT — — 5,094 23 — 5,117 5,117 ( 1,186 ) 2008 2016 39

533 Cottage - Northwestern Bloomfield, CT — 726 3,964 ( 527 ) 726 3,437 4,163 ( 639 ) 1955 2016 35

Northwestern MOBs Bloomfield, CT — 1,369 6,287 550 1,369 6,837 8,206 ( 1,609 ) 1985 2016 35

406 Farmington Farmington, CT — 379 3,509 3 379 3,512 3,891 ( 572 ) 1988 2016 39

HEALTHCARE TRUST OF AMERICA, INC.

1 unchanged sentence

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION — (Continued)

Initial Cost to Company

Acquisition (a)

Gross Amount at Which

Initial Cost to Company Cost

Acquisition (a) Gross Amount at Which

Carried at Close of Period

Encumbrances Land Buildings,

Improvements and

Fixtures Land Buildings,

Improvements and

Fixtures Total (c) Accumulated

Depreciation (f)

Date of Construction

Life on Which Building Depreciation in Income Statement is Computed (h)

Glastonbury, CT

Manchester, CT

Saybrook MOBs

Middleton, CT

Yale Long Wharf

New Haven, CT

North Haven, CT

Evergreen MOBs

South Windsor, CT

Westport Center

Day Hill MOBs

Riverside MOB

Bradenton, FL

Clearwater, FL

Orlando Rehab Hospital

East FL Senior Jacksonville

Jacksonville, FL

King Street MOB

Jacksonville, FL

Central FL SC

Vista Pro Center MOP

Largo Medical Center

FL Family Medical Center

Lauderdale Lakes, FL

Northwest Medical Park

North Shore MOB

Sunset Professional and Kendall MOBs

Commons V MOB

Orlando Lake Underhill MOB

Florida Hospital MOBs

Orlando, Sebring and Tampa, FL

Orlando Oviedo MOB

Heart & Family Health MOB

East FL Senior Sunrise

Tallahassee Rehab Hospital

Tallahassee, FL

Tampa Medical Village MOB

FL Ortho Institute

Temple Terrace, FL

Wellington MAP III

Wellington, FL

Victor Farris MOB

West Palm Beach, FL

East FL Senior Winter Park

Winter Park, FL

Date of Construction Date

Acquired Life on Which Building Depreciation in Income Statement is Computed (h)

704 Hebron Glastonbury, CT $ — $ 2,223 $ 6,544 $ 49 2,223 6,593 8,816 $ ( 1,307 ) 2001 2016 37

Gateway MOBs Glastonbury, CT — 11,328 41,320 10,588 13,448 49,788 63,236 ( 8,456 ) 2007-2017 2016-2017 39

Hamden MOB Hamden, CT — 4,925 36,835 7 4,925 36,842 41,767 ( 1,211 ) 1970-1972 2019 39

Haynes MOBs Manchester, CT — 1,100 14,620 49 1,100 14,669 15,769 ( 2,255 ) 2007-2010 2016 39

Pomeroy MOBs Meriden, CT — 1,774 10,078 6 1,774 10,084 11,858 ( 2,059 ) 2009-2011 2016 39

Saybrook MOBs Middleton, CT — — 10,314 1,057 — 11,371 11,371 ( 2,411 ) 1989 2016 28

Yale Long Wharf New Haven, CT — 9,367 58,691 9,138 9,367 67,829 77,196 ( 14,586 ) 1977 2016 30

Devine MOBs North Haven, CT — 3,606 27,278 957 3,606 28,235 31,841 ( 4,727 ) 2006-2017 2016-2017 35

Evergreen MOBs South Windsor, CT — 5,565 25,839 314 5,833 25,885 31,718 ( 4,411 ) 2006-2011 2016 39

Westport Center Westport, CT — 3,311 13,296 269 3,311 13,565 16,876 ( 876 ) 1985 2019 39

Day Hill MOBs Windsor, CT — 3,980 7,055 222 3,980 7,277 11,257 ( 2,032 ) 1990-1999 2016 30

Riverside MOB Bradenton, FL — 2,230 7,689 224 2,230 7,913 10,143 ( 1,681 ) 1980 2016 25

Brandon MOP Brandon, FL — 901 6,946 480 901 7,426 8,327 ( 2,837 ) 1997 2008 39

McMullen MOB Clearwater, FL — 3,470 12,621 29 3,470 12,650 16,120 ( 3,162 ) 2009 2014 39

Orlando Rehab Hospital Edgewood, FL — 2,600 20,256 3,000 2,600 23,256 25,856 ( 7,653 ) 2007 2010 39

Palmetto MOB Hialeah, FL — — 15,512 6,231 — 21,743 21,743 ( 7,311 ) 1980 2013 39

Palmetto II Hialeah, FL — — 51,480 — — 51,480 51,480 — 1992 2020 39

East FL Senior Jacksonville Jacksonville, FL — 4,291 9,220 ( 1 ) 4,291 9,219 13,510 ( 4,187 ) 1985 2007 39

King Street MOB Jacksonville, FL — — 7,232 296 — 7,528 7,528 ( 2,625 ) 2007 2010 39

Jupiter MP Jupiter, FL — 1,204 11,778 1,404 1,204 13,182 14,386 ( 3,075 ) 1996-1997 2013 39

Central FL SC Lakeland, FL — 768 3,002 462 768 3,464 4,232 ( 1,369 ) 1995 2008 39

Vista Pro Center MOP Lakeland, FL — 1,082 3,587 401 1,082 3,988 5,070 ( 1,634 ) 1996-1999 2007-2008 39

Largo Medical Center Largo, FL — — 51,045 1,137 — 52,182 52,182 ( 10,935 ) 2009 2013 39

Largo MOP Largo, FL — 729 8,908 2,160 729 11,068 11,797 ( 4,509 ) 1975-1986 2008 39

FL Family Medical Center Lauderdale Lakes, FL — — 4,257 1,514 — 5,771 5,771 ( 2,496 ) 1978 2013 39

Northwest Medical Park Margate, FL — — 9,525 150 5 9,670 9,675 ( 2,335 ) 2009 2013 39

North Shore MOB Miami, FL — — 4,942 2,003 — 6,945 6,945 ( 2,830 ) 1978 2013 39

Sunset Professional and Kendall MOBs Miami, FL — 11,855 13,633 6,486 11,855 20,119 31,974 ( 6,803 ) 1954-2006 2014 27

Commons V MOB Naples, FL — 4,173 9,070 3,071 4,173 12,141 16,314 ( 4,451 ) 1990 2007 39

Orlando Lake Underhill MOB Orlando, FL — — 8,515 1,195 — 9,710 9,710 ( 3,401 ) 2000 2010 39

Florida Hospital MOBs Orlando, Sebring and Tampa, FL — — 151,647 4,088 — 155,735 155,735 ( 17,862 ) 2006-2012 2017 39

Orlando Oviedo MOB Oviedo, FL — — 5,711 974 — 6,685 6,685 ( 2,284 ) 1998 2010 39

Heart & Family Health MOB Port St.

Lucie, FL — 686 8,102 15 686 8,117 8,803 ( 1,969 ) 2008 2013 39

Lucie MC Port St.

Lucie, FL — — 6,127 50 — 6,177 6,177 ( 1,456 ) 2008 2013 39

East FL Senior Sunrise Sunrise, FL — 2,947 12,825 — 2,947 12,825 15,772 ( 5,358 ) 1989 2007 39

Tallahassee Rehab Hospital Tallahassee, FL — 7,142 18,691 2,400 7,142 21,091 28,233 ( 7,242 ) 2007 2010 39

Optimal MOBs Tampa, FL — 4,002 69,824 567 4,002 70,391 74,393 ( 8,778 ) 2005-2015 2017 39

Tampa Medical Village MOB Tampa, FL — 3,627 14,806 1,367 3,627 16,173 19,800 ( 2,286 ) 2003 2017 35

VA MOBs Tampa, FL — 17,802 80,154 910 17,802 81,064 98,866 ( 8,679 ) 2013 2017 39

FL Ortho Institute Temple Terrace, FL — 2,923 17,647 ( 1 ) 2,923 17,646 20,569 ( 5,497 ) 2001-2003 2010 39

Wellington MAP III Wellington, FL — — 10,511 347 — 10,858 10,858 ( 3,304 ) 2006 2010 39

Victor Farris MOB West Palm Beach, FL — — 23,052 11,773 — 34,825 34,825 ( 7,846 ) 1988 2013 39

East FL Senior Winter Park Winter Park, FL — 2,840 12,825 34 2,840 12,859 15,699 ( 5,628 ) 1988 2007 39

HEALTHCARE TRUST OF AMERICA, INC.

1 unchanged sentence

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION — (Continued)

Initial Cost to Company

Acquisition (a)

Gross Amount at Which

Initial Cost to Company Cost

Acquisition (a) Gross Amount at Which

Carried at Close of Period

Encumbrances Land Buildings,

Improvements and

Fixtures Land Buildings,

Improvements and

Fixtures Total (c) Accumulated

Depreciation (f)

Date of Construction

Life on Which Building Depreciation in Income Statement is Computed (h)

Camp Creek Med Center

North Atlanta MOBs

Camp Creek MOB

Augusta Rehab Hospital

Austell Medical Park

Harbin Clinic MOBs

Cedartown, Rome and Summerville, GA

Fayetteville, GA

Lawrenceville, GA

Marietta Health Park

WellStar Tower MOB

Peachtree City, GA

Overlook at Eagle's Landing

Stockbridge, GA

SouthCrest MOP

Stockbridge, GA

Cherokee Medical Center

Woodstock, GA

Kapolei Medical Park

Eagle Road MOB

Streeterville Center MOB

Rush Oak Park MOB

Brownsburg MOB

Brownsburg, IN

Crawfordsville, IN

Crawfordsville MOB

Crawfordsville, IN

Deaconess Clinic Downtown

Evansville, IN

Deaconess Clinic Westside

Evansville, IN

Fort Wayne, IN

Indianapolis, IN

Eagle Highlands MOP

Indianapolis, IN

Epler Parke MOP

Indianapolis, IN

Glendale Professional Plaza

Indianapolis, IN

MMP Eagle Highlands

Indianapolis, IN

Southpointe MOP

Indianapolis, IN

Deaconess Clinic Gateway

Community Health Pavilion

Noblesville, IN

Date of Construction Date

Acquired Life on Which Building Depreciation in Income Statement is Computed (h)

Camp Creek Med Center Atlanta, GA $ — $ 2,961 $ 19,688 $ 2,003 2,961 21,691 24,652 $ ( 7,662 ) 2006 - 2010 2010-2012 39

Camp Creek MOB Atlanta, GA — 328 12,539 — 328 12,539 12,867 ( 486 ) 2018 2019 39

North Atlanta MOBs Atlanta, GA — — 41,836 1,860 — 43,696 43,696 ( 5,023 ) 2011-2012 2017 39

Augusta Rehab Hospital Augusta, GA — 1,059 20,899 — 1,059 20,899 21,958 ( 6,210 ) 2007 2010 39

Austell Medical Park Austell, GA — 432 4,057 61 432 4,118 4,550 ( 1,202 ) 2007 2013 39

Harbin Clinic MOBs Cedartown, Rome and Summerville, GA — 7,097 112,155 1,669 7,097 113,824 120,921 ( 14,632 ) 1960-2010 2017 30-39

Decatur MP Decatur, GA — 3,166 6,862 1,418 3,166 8,280 11,446 ( 3,140 ) 1976 2008 39

Yorktown MC Fayetteville, GA — 2,802 12,502 4,211 2,802 16,713 19,515 ( 6,797 ) 1987 2007 39

Gwinett MOP Lawrenceville, GA — 1,290 7,246 4,779 1,290 12,025 13,315 ( 4,968 ) 1985 2007 39

Marietta Health Park Marietta, GA — 1,276 12,197 2,850 1,276 15,047 16,323 ( 5,601 ) 2000 2008 39

WellStar Tower MOB Marietta, GA — 748 13,528 269 748 13,797 14,545 ( 2,549 ) 2007 2015 39

Shakerag MC Peachtree City, GA — 743 3,290 1,391 743 4,681 5,424 ( 2,504 ) 1994 2007 39

Overlook at Eagle's Landing Stockbridge, GA — 638 6,685 620 638 7,305 7,943 ( 2,455 ) 2004 2010 39

SouthCrest MOP Stockbridge, GA — 4,260 14,636 2,976 4,260 17,612 21,872 ( 7,318 ) 2005 2008 39

Cherokee Medical Center Woodstock, GA — — 16,558 949 — 17,507 17,507 ( 3,540 ) 2001 2015 35

Honolulu MOB Honolulu, HI — — 27,336 3,078 — 30,414 30,414 ( 6,057 ) 1997 2014 35

Kapolei Medical Park Kapolei, HI — — 16,253 999 — 17,252 17,252 ( 3,932 ) 1999 2014 35

North Curtis Road Boise, ID — 382 5,995 24 382 6,019 6,401 ( 258 ) 1983 2020 39

Eagle Road MOB Meridian, ID — 666 9,636 5 666 9,641 10,307 ( 773 ) 2000 2019 39

Chicago MOBs Chicago, IL — 7,723 129,520 827 7,723 130,347 138,070 ( 13,094 ) 2006-2017 2017 38-39

Streeterville Center MOB Chicago, IL — 4,223 35,008 15 4,223 35,023 39,246 ( 1,863 ) 1968 2019 39

Rush Oak Park MOB Oak Park, IL — 1,096 38,550 — 1,096 38,550 39,646 ( 10,700 ) 2000 2012 38

Brownsburg MOB Brownsburg, IN — 431 639 562 431 1,201 1,632 ( 577 ) 1989 2008 39

Athens SC Crawfordsville, IN — 381 3,575 726 381 4,301 4,682 ( 1,829 ) 2000 2007 39

Crawfordsville MOB Crawfordsville, IN — 318 1,899 449 318 2,348 2,666 ( 1,009 ) 1997 2007 39

Deaconess Clinic Downtown Evansville, IN — 1,748 21,963 60 1,748 22,023 23,771 ( 7,982 ) 1952-1967 2010 39

Deaconess Clinic Westside Evansville, IN — 360 3,265 356 360 3,621 3,981 ( 1,296 ) 2005 2010 39

Dupont MOB Fort Wayne, IN — — 8,246 1,522 — 9,768 9,768 ( 2,017 ) 2004 2013 39

Wayne MOB Ft.

Wayne, IN — — 6,579 — — 6,579 6,579 ( 2,084 ) 2008 2009 39

Community MP Indianapolis, IN — 560 3,581 741 560 4,322 4,882 ( 1,732 ) 1995 2008 39

Eagle Highlands MOP Indianapolis, IN — 2,216 11,154 8,954 2,216 20,108 22,324 ( 9,874 ) 1988-1989 2008 39

Epler Parke MOP Indianapolis, IN — 1,556 6,928 2,810 1,556 9,738 11,294 ( 3,946 ) 2002-2003 2007-2008 39

Glendale Professional Plaza Indianapolis, IN — 570 2,739 2,075 570 4,814 5,384 ( 2,548 ) 1993 2008 39

MMP Eagle Highlands Indianapolis, IN — 1,044 13,548 3,687 1,044 17,235 18,279 ( 7,572 ) 1993 2008 39

MMP East Indianapolis, IN — 1,236 9,840 4,656 1,236 14,496 15,732 ( 7,543 ) 1996 2008 39

MMP North Indianapolis, IN — 1,518 15,460 5,882 1,427 21,438 22,865 ( 9,241 ) 1995 2008 39

MMP South Indianapolis, IN — 1,127 10,414 2,475 1,127 12,889 14,016 ( 5,800 ) 1994 2008 39

Southpointe MOP Indianapolis, IN — 2,190 7,548 2,751 2,190 10,299 12,489 ( 5,080 ) 1996 2007 39

Vincent MOB Indianapolis, IN — 2,964 23,352 189 2,964 23,541 26,505 ( 3,083 ) 2007 2017 35

Kokomo MOP Kokomo, IN — 1,779 9,614 3,117 1,779 12,731 14,510 ( 5,423 ) 1992-1994 2007 39

Deaconess Clinic Gateway Newburgh, IN — — 10,952 26 — 10,978 10,978 ( 3,532 ) 2006 2010 39

HEALTHCARE TRUST OF AMERICA, INC.

1 unchanged sentence

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION — (Continued)

Initial Cost to Company

Acquisition (a)

Gross Amount at Which

Initial Cost to Company Cost

Acquisition (a) Gross Amount at Which

Carried at Close of Period

Encumbrances Land Buildings,

Improvements and

Fixtures Land Buildings,

Improvements and

Fixtures Total (c) Accumulated

Depreciation (f)

Date of Construction

Life on Which Building Depreciation in Income Statement is Computed (h)

Zionsville MC

Zionsville, IN

KS Doctors MOB

Overland Park, KS

Nashoba Valley Med Center MOB

Tufts Medical Center

Elizabeth's Med Center

Pearl Street MOBs

Good Samaritan MOBs

Brockton , MA

Carney Hospital MOB

Dorchester, MA

Anne's Hospital MOB

Fall River, MA

Norwood Hospital MOB

Foxborough, MA

Holy Family Hospital MOB

Morton Hospital MOB

Johnston Professional Building

Baltimore, MD

Triad Tech Center

Baltimore, MD

John Providence MOB

Fort Road MOB

Gallery Professional Building

Chesterfield Rehab Hospital

Chesterfield, MO

BJC West County MOB

Creve Coeur, MO

Winghaven MOB

Des Peres MAP II

Baptist Memorial MOB

Medical Park of Cary

Tryon Office Center

Carolinas Health MOB

Charlotte, NC

Davidson , NC

Duke Fertility Center

Hock Plaza II

UNC Rex Holly Springs

Holly Springs, NC

Huntersville Office Park

Huntersville, NC

Medical Park MOBs

Mooresville, NC

3100 Blue Ridge

Raleigh Medical Center

Sandy Forks MOB

Date of Construction Date

Acquired Life on Which Building Depreciation in Income Statement is Computed (h)

Community Health Pavilion Noblesville, IN $ — $ 5,560 $ 28,988 $ 1,301 5,560 30,289 35,849 $ ( 6,830 ) 2009 2015 39

Zionsville MC Zionsville, IN — 655 2,877 1,120 664 3,988 4,652 ( 1,865 ) 1992 2008 39

Nashoba Valley Med Center MOB Ayer, MA — — 5,529 304 299 5,534 5,833 ( 1,695 ) 1976-2007 2012 31

670 Albany Boston, MA — — 104,365 171 — 104,536 104,536 ( 16,617 ) 2005 2015 39

Tufts Medical Center Boston, MA — 32,514 109,180 9,778 32,514 118,958 151,472 ( 27,839 ) 1924-2015 2014 35

Elizabeth's Med Center Brighton, MA — — 20,929 3,230 1,379 22,780 24,159 ( 6,693 ) 1965-2013 2012 31

Pearl Street MOBs Brockton, MA — 4,714 18,193 1,068 4,714 19,261 23,975 ( 3,415 ) 1966-2004 2016 39

Good Samaritan MOBs Brockton , MA — — 15,887 1,217 144 16,960 17,104 ( 4,850 ) 1980-2007 2012 31

Carney Hospital MOB Dorchester, MA — — 7,250 771 530 7,491 8,021 ( 2,186 ) 1978 2012 31

Anne's Hospital MOB Fall River, MA — — 9,304 130 40 9,394 9,434 ( 2,126 ) 2011 2012 31

Norwood Hospital MOB Foxborough, MA — — 9,489 427 2,295 7,621 9,916 ( 2,443 ) 1930-2000 2012 31

Holy Family Hospital MOB Methuen, MA — — 4,502 304 168 4,638 4,806 ( 1,671 ) 1988 2012 31

Morton Hospital MOB Taunton, MA — — 15,317 1,652 502 16,467 16,969 ( 7,333 ) 1988 2012 31

Stetson MOB Weymouth, MA — 3,362 15,555 4,061 3,362 19,616 22,978 ( 5,998 ) 1900-1986 2015 20

Johnston Professional Building Baltimore, MD — — 21,481 544 — 22,025 22,025 ( 4,602 ) 1993 2014 35

Triad Tech Center Baltimore, MD — — 26,548 — — 26,548 26,548 ( 7,779 ) 1989 2010 39

John Providence MOB Novi, MI — — 42,371 1,383 — 43,754 43,754 ( 13,151 ) 2007 2012 39

Fort Road MOB St.

Paul, MN — 1,571 5,786 1,810 1,571 7,596 9,167 ( 3,292 ) 1981 2008 39

Gallery Professional Building St.

Paul, MN — 1,157 5,009 3,652 1,157 8,661 9,818 ( 5,254 ) 1979 2007 39

Chesterfield Rehab Hospital Chesterfield, MO — 4,213 27,898 774 4,313 28,574 32,887 ( 10,652 ) 2007 2007 39

BJC West County MOB Creve Coeur, MO — 2,242 13,130 1,088 2,242 14,218 16,460 ( 5,344 ) 1978 2008 39

Winghaven MOB O'Fallon, MO — 1,455 9,708 1,779 1,455 11,487 12,942 ( 4,467 ) 2001 2008 39

Louis, MO — 304 1,554 ( 908 ) 304 646 950 ( 520 ) 2001 2008 39

Des Peres MAP II St.

Louis, MO — — 11,386 1,025 — 12,411 12,411 ( 4,413 ) 2007 2010 39

Baptist Memorial MOB Oxford, MS — — 26,263 7,563 — 33,826 33,826 ( 2,732 ) 2017 2017 39

Medical Park of Cary Cary, NC — 2,931 20,305 32,448 2,931 52,753 55,684 ( 8,703 ) 1994 2010 39

Rex Cary MOB Cary, NC — 1,449 18,226 484 1,449 18,710 20,159 ( 3,222 ) 2002 2015 39

Tryon Office Center Cary, NC — 2,200 14,956 1,111 2,200 16,067 18,267 ( 3,163 ) 2002-2006 2015 39

Carolinas Health MOB Charlotte, NC — — 75,198 120 — 75,318 75,318 ( 8,140 ) 2006 2017 39

Davidson MOB Davidson , NC — 1,188 8,556 7 1,188 8,563 9,751 ( 460 ) 2001 2019 39

Duke Fertility Center Durham, NC — 596 3,882 — 596 3,882 4,478 ( 557 ) 2006 2016 39

Hock Plaza II Durham, NC — 680 27,044 580 680 27,624 28,304 ( 3,648 ) 2006 2016 36

UNC Rex Holly Springs Holly Springs, NC — — 27,591 11,076 — 38,667 38,667 ( 3,277 ) 2011 2017 39

Huntersville Office Park Huntersville, NC — 5,376 67,125 98 5,376 67,223 72,599 ( 3,634 ) 1990-2001 2019 39

Rosedale MOB Huntersville, NC — 1,281 7,738 26 1,281 7,764 9,045 ( 434 ) 2005 2019 39

Medical Park MOBs Mooresville, NC — 1,771 13,266 7,753 2,041 20,749 22,790 ( 3,695 ) 2000-2005 2017 23

3100 Blue Ridge Raleigh, NC — 1,732 8,891 733 1,732 9,624 11,356 ( 2,604 ) 1985 2014 35

Raleigh Medical Center Raleigh, NC — 2,381 15,630 6,732 2,381 22,362 24,743 ( 8,277 ) 1989 2010 39

HEALTHCARE TRUST OF AMERICA, INC.

1 unchanged sentence

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION — (Continued)

Initial Cost to Company

Acquisition (a)

Gross Amount at Which

Initial Cost to Company Cost

Acquisition (a) Gross Amount at Which

Carried at Close of Period

Encumbrances Land Buildings,

Improvements and

Fixtures Land Buildings,

Improvements and

Fixtures Total (c) Accumulated

Depreciation (f)

Date of Construction

Life on Which Building Depreciation in Income Statement is Computed (h)

Sunset Ridge MOBs

Hackensack MOB

North Bergen, NJ

Mountain View MOB

Las Cruces, NM

Santa Fe 440 MOB

San Martin MAP

Las Vegas, NV

Madison Ave MOB

Patroon Creek HQ

Patroon Creek MOB

Washington Ave MOB

Capital Region Health Park

210 Westchester MOB

White Plains, NY

Westchester MOBs

White Plains, NY

Diley Ridge MOB

Canal Winchester, OH

Cincinnati, OH

Market Exchange MOP

Avon, OH, Germantown, TN, Indianapolis, IN and Springfield, MO

Hilliard II MOB

Park Place MOP

Kettering, OH

Liberty Falls MP

Parma Ridge MOB

Deaconess MOP

Oklahoma City, OK

Silverton Health MOB

Monroeville MOB

Monroeville, PA

2750 Monroe MOB

Norristown, PA

1740 South MOB

Philadelphia, PA

Main Line Bryn Mawr MOB

Philadelphia, PA

Federal North MOB

Pittsburgh, PA

Highmark Penn Ave

Pittsburgh, PA

WP Allegheny HQ MOB

Pittsburgh, PA

39 Broad Street

Charleston, SC

Cannon Park Place

Charleston, SC

Date of Construction Date

Acquired Life on Which Building Depreciation in Income Statement is Computed (h)

Sandy Forks MOB Raleigh, NC $ — $ 652 $ 7,263 $ 26 652 7,289 7,941 $ ( 702 ) 2016 2018 39

Sunset Ridge MOBs Raleigh, NC — 811 3,926 654 811 4,580 5,391 ( 458 ) 1999 2018 39

Piedmond MOB Statesville, NC — 1,024 13,911 — 1,024 13,911 14,935 ( 653 ) 1984 2020 39

Hackensack MOB North Bergen, NJ — — 31,658 602 — 32,260 32,260 ( 3,128 ) 2014 2017 39

Mountain View MOB Las Cruces, NM — — 41,553 2,968 — 44,521 44,521 ( 4,788 ) 2003 2017 39

Santa Fe 440 MOB Santa Fe, NM — 842 7,448 13 842 7,461 8,303 ( 2,424 ) 1978 2010 39

San Martin MAP Las Vegas, NV — — 14,777 4,247 — 19,024 19,024 ( 6,854 ) 2007 2010 39

Madison Ave MOB Albany, NY — 83 2,759 142 83 2,901 2,984 ( 986 ) 1964-2008 2010 39

Patroon Creek HQ Albany, NY — 1,870 29,453 6,038 1,870 35,491 37,361 ( 12,266 ) 2001 2010 39

Patroon Creek MOB Albany, NY — 1,439 27,639 670 1,439 28,309 29,748 ( 8,660 ) 2007 2010 39

Washington Ave MOB Albany, NY — 1,699 18,440 1,152 1,699 19,592 21,291 ( 6,711 ) 1998-2000 2010 39

Putnam MOB Carmel, NY — — 24,216 404 — 24,620 24,620 ( 6,880 ) 2000 2010 39

Capital Region Health Park Latham, NY — 2,305 37,494 4,509 2,305 42,003 44,308 ( 14,863 ) 2001 2010 39

ACP MOB New York, NY — 53,265 62,873 499 53,265 63,372 116,637 ( 2,041 ) 1920-1988 2019 39

210 Westchester MOB White Plains, NY — 8,628 18,408 — 8,628 18,408 27,036 ( 4,479 ) 1981 2014 31

Westchester MOBs White Plains, NY — 17,274 41,865 10,715 17,274 52,580 69,854 ( 13,978 ) 1967-1983 2014 29

Diley Ridge MOB Canal Winchester, OH — — 9,811 92 — 9,903 9,903 ( 1,855 ) 2010 2015 39

Good Sam MOB Cincinnati, OH — 1,825 9,966 24 1,825 9,990 11,815 ( 1,240 ) 2011 2017 39

Jewish MOB Cincinnati, OH — — 16,187 — — 16,187 16,187 ( 2,417 ) 1999 2017 35

TriHealth Cincinnati, OH — — 34,894 34 — 34,928 34,928 ( 3,469 ) 2016 2017 39

Olentangy Columbus, OH — 1,247 9,830 996 1,247 10,826 12,073 ( 768 ) 1985 2019 39

Market Exchange MOP Columbus, OH — 2,326 17,207 4,655 2,326 21,862 24,188 ( 8,365 ) 2001-2003 2007-2010 39

Polaris MOB Columbus, OH — 1,447 12,192 64 1,447 12,256 13,703 ( 1,921 ) 2012 2016 39

Gahanna MOB Gahanna, OH — 1,078 5,674 59 1,078 5,733 6,811 ( 1,061 ) 1997 2016 30

Kindred MOBs Avon, OH, Germantown, TN, Indianapolis, IN and Springfield, MO — 4,238 118,778 36 4,238 118,814 123,052 ( 12,734 ) 2013-2016 2017 39

Hilliard II MOB Hilliard, OH — 959 7,260 255 959 7,515 8,474 ( 1,262 ) 2014 2016 38

Hilliard MOB Hilliard, OH — 946 11,174 735 946 11,909 12,855 ( 2,498 ) 2013 2015 39

Park Place MOP Kettering, OH — 1,987 11,341 5,853 1,987 17,194 19,181 ( 7,389 ) 1998-2002 2007 39

Liberty Falls MP Liberty, OH — 842 5,640 1,145 842 6,785 7,627 ( 2,939 ) 2008 2008 39

Parma Ridge MOB Parma, OH — 372 3,636 1,175 372 4,811 5,183 ( 2,023 ) 1977 2008 39

Ann's MOB Westerville, OH — — 16,978 — — 16,978 16,978 ( 61 ) 2004 2020 39

Deaconess MOP Oklahoma City, OK — — 25,975 4,312 — 30,287 30,287 ( 11,394 ) 1991-1996 2008 39

Silverton Health MOB Woodburn, OR — 953 6,164 ( 52 ) 953 6,112 7,065 ( 943 ) 2001 2016 35

Monroeville MOB Monroeville, PA — 3,264 7,038 1,751 3,264 8,789 12,053 ( 3,627 ) 1985-1989 2013 39

2750 Monroe MOB Norristown, PA — 2,323 22,631 5,423 2,323 28,054 30,377 ( 12,076 ) 1985 2007 39

1740 South MOB Philadelphia, PA — 1,855 7,735 35 1,855 7,770 9,625 ( 453 ) 1986 2019 39

Main Line Bryn Mawr MOB Philadelphia, PA — — 46,967 4,331 — 51,298 51,298 ( 4,540 ) 2017 2017 39

Federal North MOB Pittsburgh, PA — 2,489 30,268 4,111 2,489 34,379 36,868 ( 9,818 ) 1999 2010 39

Highmark Penn Ave Pittsburgh, PA — 1,774 38,921 4,890 1,774 43,811 45,585 ( 13,936 ) 1907-1998 2012 39

WP Allegheny HQ MOB Pittsburgh, PA — 1,514 32,368 4,481 1,514 36,849 38,363 ( 10,557 ) 2002 2010 39

39 Broad Street Charleston, SC — 3,180 1,970 3,132 3,480 4,802 8,282 ( 1,010 ) 1891 2015 39

HEALTHCARE TRUST OF AMERICA, INC.

1 unchanged sentence

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION — (Continued)

Initial Cost to Company

Acquisition (a)

Gross Amount at Which

Initial Cost to Company Cost

Acquisition (a) Gross Amount at Which

Carried at Close of Period

Encumbrances Land Buildings,

Improvements and

Fixtures Land Buildings,

Improvements and

Fixtures Total (c) Accumulated

Depreciation (f)

Date of Construction

Life on Which Building Depreciation in Income Statement is Computed (h)

Tides Medical Arts Center

Charleston, SC

East Cooper Medical Arts Center

East Cooper Medical Center

MUSC University MOB

North Charleston, SC

Thomas DePaul MOB

Murfreesboro, TN

Mountain Empire MOBs

Rogersville, Kingsport and Bristol, TN & Norton and Pennington Gap, VA

Amarillo Hospital

Austin Heart MOB

Post Oak North MC

MatureWell MOB

Texas A&M Health Science Center

Dallas Rehab Hospital

Carrollton, TX

Cedar Hill MOB

Cedar Hill, TX

Cedar Park MOB

Cedar Park, TX

Corsicana MOB

Corsicana, TX

Dallas LTAC Hospital

Forest Park Pavilion

Forest Park Tower

Northpoint Medical

Dallas/Fort Woth, TX

Denton Med Rehab Hospital

Cliff Medical Plaza MOB

Providence Medical Plaza

Sierra Medical

Texas Health MOB

Fort Worth, TX

Forest Park Frisco MC

Greenville MOB

Greenville, TX

7900 Fannin MOB

Cypress Medical Building MOB

Cypress Station MOB

Park Plaza MOB

Triumph Hospital NW

Memorial Hermann MOBs

Date of Construction Date

Acquired Life on Which Building Depreciation in Income Statement is Computed (h)

Cannon Park Place Charleston, SC $ — $ 425 $ 8,651 $ 1,431 425 10,082 10,507 $ ( 3,547 ) 1998 2010 39

MUSC Elm MOB Charleston, SC — 1,172 4,361 178 1,172 4,539 5,711 ( 793 ) 2015 2016 39

Tides Medical Arts Center Charleston, SC — 3,763 19,787 937 3,763 20,724 24,487 ( 4,328 ) 2007 2014 39

East Cooper Medical Arts Center Mt.

Pleasant, SC — 2,470 6,289 286 2,470 6,575 9,045 ( 1,985 ) 2001 2014 32

East Cooper Medical Center Mt.

Pleasant, SC — 2,073 5,939 2,999 2,073 8,938 11,011 ( 2,860 ) 1992 2010 39

MUSC University MOB North Charleston, SC — 1,524 9,627 53 1,524 9,680 11,204 ( 2,159 ) 2006 2015 36

Thomas DePaul MOB Murfreesboro, TN — — 55,040 705 — 55,745 55,745 ( 5,972 ) 2008 2017 39

Mountain Empire MOBs Rogersville, Kingsport and Bristol, TN & Norton and Pennington Gap, VA — 1,296 36,523 11,045 1,278 47,586 48,864 ( 19,023 ) 1976-2006 2008-2011 39

Amarillo Hospital Amarillo, TX — 1,110 17,688 605 1,110 18,293 19,403 ( 6,093 ) 2007 2008 39

Austin Heart MOB Austin, TX — — 15,172 561 — 15,733 15,733 ( 3,585 ) 1999 2013 39

BS&W MOBs Austin, TX — — 300,952 2,355 — 303,307 303,307 ( 32,244 ) 2009-2016 2017 39

Post Oak North MC Austin, TX — 887 7,011 ( 61 ) 887 6,950 7,837 ( 1,649 ) 2007 2013 39

MatureWell MOB Bryan, TX — 1,307 11,078 — 1,307 11,078 12,385 ( 1,480 ) 2016 2017 39

Texas A&M Health Science Center Bryan, TX — — 32,494 278 — 32,772 32,772 ( 8,761 ) 2011 2013 39

Dallas Rehab Hospital Carrollton, TX — 1,919 16,341 — 1,919 16,341 18,260 ( 5,146 ) 2006 2010 39

Cedar Hill MOB Cedar Hill, TX — 778 4,830 1,817 778 6,647 7,425 ( 1,991 ) 2007 2008 39

Cedar Park MOB Cedar Park, TX — — 30,338 1,421 — 31,759 31,759 ( 3,287 ) 2007 2017 39

Corsicana MOB Corsicana, TX — — 6,781 624 — 7,405 7,405 ( 2,708 ) 2007 2009 39

Dallas LTAC Hospital Dallas, TX — 2,301 20,627 — 2,301 20,627 22,928 ( 6,435 ) 2007 2009 39

Forest Park Pavilion Dallas, TX — 9,670 11,152 2,016 9,670 13,168 22,838 ( 3,035 ) 2010 2012 39

Forest Park Tower Dallas, TX — 3,340 35,071 7,423 3,340 42,494 45,834 ( 10,061 ) 2011 2013 39

Northpoint Medical Dallas, TX — 2,388 14,621 760 2,388 15,381 17,769 ( 2,741 ) 2017 2017 20

Baylor MOBs Dallas/Fort Woth, TX — 9,956 122,852 6,625 9,956 129,477 139,433 ( 13,012 ) 2013-2017 2017 39

Denton Med Rehab Hospital Denton, TX — 2,000 11,704 — 2,000 11,704 13,704 ( 4,144 ) 2008 2009 39

Denton MOB Denton, TX — — 7,543 614 — 8,157 8,157 ( 2,482 ) 2000 2010 39

El Paso MOB El Paso, TX — 2,075 14,902 ( 4 ) 2,075 14,898 16,973 ( 936 ) 1994-2008 2019 39

Cliff Medical Plaza MOB El Paso, TX — 1,064 1,972 3,818 1,064 5,790 6,854 ( 2,406 ) 1977 2016 8

Providence Medical Plaza El Paso, TX — — 5,396 3,986 — 9,382 9,382 ( 2,369 ) 1981 2016 20

Sierra Medical El Paso, TX — — 2,998 1,079 — 4,077 4,077 ( 1,446 ) 1972 2016 15

Texas Tech MOB El Paso, TX — — 42,419 — — 42,419 42,419 — 2017 2020 39

Texas Health MOB Fort Worth, TX — — 38,429 187 — 38,616 38,616 ( 4,160 ) 2014 2017 39

Conifer Frisco, TX — 4,807 67,076 ( 3,163 ) 4,807 63,913 68,720 ( 6,112 ) 2014 2017 38

Forest Park Frisco MC Frisco, TX — 1,238 19,979 10,081 1,238 30,060 31,298 ( 8,684 ) 2012 2013 39

Greenville MOB Greenville, TX — 616 10,822 860 616 11,682 12,298 ( 4,122 ) 2007 2008 39

Gemini MOB Houston, TX — 4,619 17,450 131 4,619 17,581 22,200 ( 749 ) 1985-1986 2019 39

7900 Fannin MOB Houston, TX — — 34,764 2,379 — 37,143 37,143 ( 11,423 ) 2005 2010 39

Cypress Medical Building MOB Houston, TX — — 4,678 452 — 5,130 5,130 ( 1,285 ) 1984 2016 30

Cypress Station MOB Houston, TX — 1,345 8,312 ( 1,018 ) 1,345 7,294 8,639 ( 3,477 ) 1981 2008 39

HEALTHCARE TRUST OF AMERICA, INC.

1 unchanged sentence

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION — (Continued)

Initial Cost to Company

Acquisition (a)

Gross Amount at Which

Initial Cost to Company Cost

Acquisition (a) Gross Amount at Which

Carried at Close of Period

Encumbrances Land Buildings,

Improvements and

Fixtures Land Buildings,

Improvements and

Fixtures Total (c) Accumulated

Depreciation (f)

Date of Construction

Life on Which Building Depreciation in Income Statement is Computed (h)

Jourdanton MOB

Jourdanton, TX

Houston Methodist MOBs

Lone Star Endoscopy MOB

Seton Medical MOB

Lewisville MOB

Lewisville, TX

Longview Regional MOBs

Terrace Medical Building

Nacogdoches, TX

Towers Medical Plaza

Nacogdoches, TX

North Cypress MOBs

North Cypress/Houston, TX

Independence Medical Village

San Angelo MOB

San Angelo, TX

Mtn Plains Pecan Valley

San Antonio, TX

Sugar Land II MOB

Sugar Land, TX

Triumph Hospital SW

Sugar Land, TX

Mtn Plains Clear Lake

Texas Neurology MOB

Wichita Falls, TX

Renaissance MC

Bountiful, UT

Fair Oaks MOB

Aurora - Menomonee

Menomonee Falls, WI

Aurora - Milwaukee

Milwaukee, WI

Date of Construction Date

Acquired Life on Which Building Depreciation in Income Statement is Computed (h)

Park Plaza MOB Houston, TX $ — $ 5,719 $ 50,054 $ 7,475 5,719 57,529 63,248 $ ( 13,080 ) 1984 2016 24

Triumph Hospital NW Houston, TX — 1,377 14,531 240 1,377 14,771 16,148 ( 6,164 ) 1986 2007 39

Memorial Hermann MOBs Humble, TX — — 9,479 12,920 — 22,399 22,399 ( 2,283 ) 1993 2017 25-39

Jourdanton MOB Jourdanton, TX — — 17,804 2 — 17,806 17,806 ( 1,864 ) 2013 2017 39

Houston Methodist MOBs Katy, TX — — 43,078 3,246 — 46,324 46,324 ( 4,576 ) 2001-2006 2017 35-39

Lone Star Endoscopy MOB Keller, TX — 622 3,502 139 622 3,641 4,263 ( 1,315 ) 2006 2008 39

Seton Medical MOB Kyle, TX — — 30,102 2,321 — 32,423 32,423 ( 3,622 ) 2009 2017 39

Lewisville MOB Lewisville, TX — 452 3,841 6 452 3,847 4,299 ( 1,272 ) 2000 2010 39

Longview Regional MOBs Longview, TX — — 59,258 — — 59,258 59,258 ( 6,418 ) 2003-2015 2017 36-39

Terrace Medical Building Nacogdoches, TX — — 179 ( 7 ) — 172 172 ( 164 ) 1975 2016 5

Towers Medical Plaza Nacogdoches, TX — — 786 296 — 1,082 1,082 ( 565 ) 1981 2016 10

North Cypress MOBs North Cypress/Houston, TX — 7,841 121,215 2,217 7,841 123,432 131,273 ( 13,627 ) 2006-2015 2017 35-39

Pearland MOB Pearland, TX — 912 4,628 783 912 5,411 6,323 ( 2,091 ) 2003-2007 2010 39

Independence Medical Village Plano, TX — 4,229 17,874 22 4,229 17,896 22,125 ( 2,936 ) 2014 2016 39

San Angelo MOB San Angelo, TX — — 3,907 127 — 4,034 4,034 ( 1,607 ) 2007 2009 39

Mtn Plains Pecan Valley San Antonio, TX — 416 13,690 1,209 416 14,899 15,315 ( 5,431 ) 1998 2008 39

Sugar Land II MOB Sugar Land, TX — — 9,648 1,325 — 10,973 10,973 ( 4,232 ) 1999 2010 39

Triumph Hospital SW Sugar Land, TX — 1,670 14,018 ( 14 ) 1,656 14,018 15,674 ( 5,963 ) 1989 2007 39

Mtn Plains Clear Lake Webster, TX — 832 21,168 5,225 832 26,393 27,225 ( 7,832 ) 2006 2008 39

Texas Neurology MOB Wichita Falls, TX — 736 5,611 ( 1,771 ) 736 3,840 4,576 ( 1,940 ) 1957 2008 39

Wylie Medical Plaza Wylie, TX — 1,412 15,353 10 1,412 15,363 16,775 ( 545 ) 2013 2020 39

Renaissance MC Bountiful, UT — 3,701 24,442 575 3,701 25,017 28,718 ( 8,623 ) 2004 2008 39

Salt Lake Regional Medical Building Salt Lake City, UT — — 10,351 8 — 10,359 10,359 ( 221 ) 1989 2020 39

Faifax MOB Fairfax, VA — 2,404 14,074 6 2,404 14,080 16,484 ( 885 ) 1959 2019 39

Fair Oaks MOB Fairfax, VA — — 47,616 421 — 48,037 48,037 ( 4,846 ) 2009 2017 39

Aurora - Menomonee Menomonee Falls, WI — 1,055 14,998 — 1,055 14,998 16,053 ( 6,354 ) 1964 2009 39

Aurora - Milwaukee Milwaukee, WI — 350 5,508 — 350 5,508 5,858 ( 2,335 ) 1983 2009 39

Mary's MOBs Milwaukee, WI — — 87,825 544 — 88,369 88,369 ( 8,665 ) 1994-2007 2017 35-39

$ — $ 569,344 $ 5,981,581 $ 534,534 $ 577,650 $ 6,507,816 $ 7,085,466 $ ( 1,302,204 )

Undeveloped land:

Forest Park Pavilion III

The cost capitalized subsequent to acquisition is net of dispositions.

The above table excludes lease intangibles;

Coral Reef Miami, FL $ — $ 1,160 $ — $ — 1,160 — 1,160 $ — N/A 2017 N/A

Forest Park Pavilion III Dallas, TX — 7,014 — — 7,014 — 7,014 — N/A 2019 N/A

1737 N Loop Houston, TX — 10,445 — — 10,445 — 10,445 — N/A 2020 N/A

$ — $ 18,619 $ — $ — $ 18,619 $ — $ 18,619 $ —

Total $ — $ 587,963 $ 5,981,581 $ 534,534 $ 596,269 $ 6,507,816 $ 7,104,085 $ ( 1,302,204 )

(a) The cost capitalized subsequent to acquisition is net of dispositions.

(b) The above table excludes lease intangibles;

see notes (d) and (g).

2 unchanged sentences

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION — (Continued)

The changes in total real estate for the years ended December 31, 2019 , 2018 and 2017 are as follows (in thousands):

Year Ended December 31,

2020 2019 2018

Balance as of the beginning of the year $ 6,837,400 $ 6,269,023 $ 6,316,143

Acquisitions 171,728 505,424 16,353

Additions 121,777 90,859 126,379

Dispositions ( 26,820 ) ( 27,906 ) ( 180,965 )

Impairments — — ( 8,887 )

Balance as of the end of the year (d) $ 7,104,085 $ 6,837,400 $ 6,269,023

The balances as of December 31, 2019 , 2018 and 2017 exclude gross lease intangibles of $ 628.1 million , $ 599.9 million and $ 639.2 million , respectively.

The aggregate cost of our real estate for federal income tax purposes was $ 6.7 billion .

The changes in accumulated depreciation for the years ended December 31, 2019 , 2018 and 2017 are as follows (in thousands):

(d) The balances as of December 31, 2020, 2019 and 2018 exclude gross lease intangibles of $ 628.6 million, $ 628.1 million and $ 599.9 million, respectively.

(e) The aggregate cost of our real estate for federal income tax purposes was $ 6.8 billion.

(f) The changes in accumulated depreciation for the years ended December 31, 2020, 2019 and 2018 are as follows (in thousands):

Year Ended December 31,

2020 2019 2018

Balance as of the beginning of the year $ 1,085,048 $ 882,488 $ 734,783

Additions 236,271 217,566 202,837

Dispositions ( 19,115 ) ( 15,006 ) ( 55,132 )

Balance as of the end of the year (g) $ 1,302,204 $ 1,085,048 $ 882,488

The balances as of December 31, 2019 , 2018 and 2017 exclude accumulated amortization of lease intangibles of $ 362.8 million , $ 325.7 million and $ 286.9 million , respectively.

Tenant improvements are depreciated over the shorter of the lease term or useful life, ranging from one to 10 years, respectively.

(g) The balances as of December 31, 2020, 2019 and 2018 exclude accumulated amortization of lease intangibles of $ 400.5 million, $ 362.8 million and $ 325.7 million, respectively.

(h) Tenant improvements are depreciated over the shorter of the lease term or useful life, ranging from one to 10 years, respectively.

Furniture, fixtures and equipment are depreciated over five years .

2 unchanged sentences

SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE ASSETS

Interest Rate Final Maturity Date Payment Terms Prior Liens Face Amount of Mortgages Carrying Amount of Mortgages Principal Amount of Loans Subject to Delinquent Principal or Interest

First trust deed on medical real estate located in:

Texas 5.00 % 6/1/2021 (1) $ — $ 3,000 $ 555 $ —

Texas 7.00 % 3/13/2021 (2) — 6,000 — —

$ — $ 9,000 $ 555 $ —

(1) Interest only payments for twelve months commencing July 1, 2016 through and including June 1, 2017.

Thereafter, 48 monthly principal and interest payments of $ 69 thousand with one final, balloon payment on the maturity date for all unpaid principal and interest.

(2) Interest only payments for twelve months with one final, balloon payment on the maturity date for all unpaid principal and interest.

The loan was retired in October 2020 in connection with HTA’s acquisition of the underlying asset.

The following shows changes in the carrying amounts of mortgage loans on real estate assets during the years ended December 31, 2020, 2019 and 2018 (in thousands):

Year Ended December 31,

2020 2019 2018

Balance as of the beginning of the year $ 1,332 $ 2,070 $ 2,773

New mortgage loans 6,000 — —

Mortgage loan retired in connection with an acquisition ( 6,000 ) — —

Collection of mortgage loans ( 777 ) ( 738 ) ( 703 )

77 unchanged sentences

and Jefferies LLC (included as Exhibit 1.12 to our Current Report on Form 8-K filed on November 29, 2019 and incorporated herein by reference).

1.29 Underwriting Agreement, dated September 14, 2020, among Healthcare Trust of America Holdings, LP, Healthcare Trust of America, Inc., and Wells F argo Securities, LLC, Jefferies LLC, J.P.

Morgan Securities LLC, and U.S.

Bancorp Investments, Inc.

as representatives of the several underwriters named therein (included as Exhibit 1.1 to our Current Report on Form 8-K filed on September 15, 2020 and incorporated herein by reference).

3.1 Fifth Articles of Amendment and Restatement of Healthcare Trust of America, Inc., effective March 11, 2014 (included as Exhibit 3.1 to our Current Report on Form 8-K filed on March 11, 2014 and incorporated herein by reference).

1 unchanged sentence

3.3 Articles of Amendment of Healthcare Trust of America, Inc., effective December 15, 2014 (included as Exhibit 3.2 to our Current Report on Form 8-K filed on December 16, 2014 and incorporated herein by reference).

Second Amended and Restated Bylaws of Healthcare Trust of America, Inc., effective March 11, 2014 (included as Exhibit 3.2 to our Current Report on Form 8-K filed on March 11, 2014 and incorporated herein by reference).

3.4 Certificate of Limited Partnership of NNN Healthcare/Office REIT Holdings, L.P.

17 unchanged sentences

3.11 Articles Supplementary of Healthcare Trust of America, Inc., dated July 14, 2017 (included as Exhibit 3.1 to our Current Report on Form 8-K filed on July 14, 2017 and incorporated herein by reference).

Third Amended and Restated Bylaws of Healthcare Trust of America, Inc., dated April 23, 2018 (included as Exhibit 3.1 to our Current Report on Form 8-K filed on April 23, 2018 and incorporated herein by reference) .

3.12 Fourth Amended and Restated Bylaws of Healthcare Trust of America, Inc., dated April 27, 2020 (included as Exhibit 3.1 to our Current Report on Form 8-K filed on April 29, 2020 and incorporated herein by reference.

4.1 Indenture, dated as of March 28, 2013, among Healthcare Trust of America Holdings, LP, Healthcare Trust of America, Inc.

6 unchanged sentences

Bank National Association, as trustee, including the form of 3.100% Senior Notes due 2030 and the guarantee thereof (included as Exhibit 4.1 to our Current Report on Form 8-K filed on September 16, 2019 and incorporated by reference).

4.4 2031 Notes Indenture, dated as of September 28, 2020, among Healthcare Trust of America Holdings, LP, Healthcare Trust of America, Inc.

Bank National Association, as trustee, including the form of 2.000% Senior Notes due 2031 and the guarantee thereof (included as Exhibit 4.1 to our Current Report on Form 8-K filed on September 28, 2020 and incorporated herein by reference).

4.5* Description of Registrant's Securities.

8 unchanged sentences

5.9 Opinion of Venable LLP (included as Exhibit 5.1 to our Current Report on Form 8-K filed on November 29, 2019 and incorporated herein by reference).

5.10 Opinion of Venable LLP (included as Exhibit 5.1 to our Current Report on Form 8-K filed on September 28, 2020 and incorporated herein by reference).

5.11 Opinion of McDermott Will & Emery LLP (included as Exhibit 5.2 to our Current Report on Form 8-K filed on September 28, 2020 and incorporated herein by reference).

8.1 Opinion of O’Melveny & Myers LLP as to certain tax matters (included as Exhibit 8.1 to our Current Report on Form 8-K filed on May 8, 2017 and incorporated herein by reference).

1 unchanged sentence

8.3 Opinion of O’Melveny & Myers LLP as to certain tax matters (included as Exhibit 8.1 to our Current Report on Form 8-K filed on September 16, 2019 and incorporated herein by reference).

Form of Indemnification Agreement executed by H.

8.4 Opinion of McDermott Will & Emery LLP as to certain tax matters (included as Exhibit 8.1 to our Current Report on Form 8-K filed on September 28, 2020 and incorporated herein by reference).

10.1* Agreement Representing Indemnification Matters, dated February 22, 2021.

10.2 Form of Indemnification Agreement executed by Jay P.

Leupp (included as Exhibit 10.2 to our Annual Report on Form 10-K filed on February 18, 2020 and incorporated herein by reference).

10.3 Form of Indemnification Agreement executed by Vicki U.

71 unchanged sentences

10.38 Fifth Modification to the Credit Agreement, dated August 1, 2018, by and among Healthcare Trust of America Holdings, LP, Wells Fargo, National Association, and the lenders party thereto (included as Exhibit 10.1 to our Quarterly Report on Form 10-Q filed on August 3, 2018 and incorporated herein by reference).

10.39 Form of Indemnification Agreement executed by H.

Lee Cooper (included as Exhibit 10.1 to our Annual Report on Form 10- K filed on February 18, 2020 and incorpo rated herein by reference) .

10.40 Agreement Respecting Indemnification Matters, dated November 3, 2020 (included as Exhibit 10.1 to our Quarte rly R eport on Form 10-Q fi led on November 4, 2020 and incorpo rated herein by reference).

21.1* Subsidiaries.

13 unchanged sentences

23.14 Consent of Venable LLP (included as Exhibit 5.1 to our Current Report on Form 8-K filed on November 29, 2019 and incorporated herein by reference).

23.15 Consent of Venable LLP (included as Exhibit 5.1 to our Current Report on Form 8-K filed on September 28, 2020 and incorporated herein by reference).

23.16 Consents of McDermott Will & Emery LLP (included as Exhibit 5.2 and 8.1 to our current Report on Form 8-K filed on September 28, 2020 and incorporated herein by reference).

31.1* Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Healthcare Trust of America, Inc.

10 unchanged sentences

Section 1350, as created by Section 906 of the Sarbanes-Oxley Act of 2002 for Healthcare Trust of America Holdings, LP.

Inline XBRL Instance Document.

Inline XBRL Taxonomy Extension Schema Document.

Inline XBRL Taxonomy Extension Calculation Linkbase Document.

Inline XBRL Taxonomy Extension Definition Linkbase Document.

Inline XBRL Taxonomy Extension Label Linkbase Document.

Inline XBRL Taxonomy Extension Presentation Linkbase Document.

101.INS* Inline XBRL Instance Document.

101.SCH* Inline XBRL Taxonomy Extension Schema Document.

101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document.

101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document.

101.LAB* Inline XBRL Taxonomy Extension Label Linkbase Document.

101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document.

104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

4 unchanged sentences

Healthcare Trust of America, Inc.

Chief Executive Officer, President and Chairman

(Principal Executive Officer)

Peters Chief Executive Officer, President and Chairman

Peters (Principal Executive Officer)

February 24, 2021

/s/ Robert A.

Chief Financial Officer

(Principal Financial Officer and Principal Accounting Officer)

Milligan Chief Financial Officer

Milligan (Principal Financial Officer and Principal Accounting Officer)

February 24, 2021

Pursuant to the requirements of the Securities Exchange Act of 1934, this Annual Report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Chief Executive Officer, President and Chairman

(Principal Executive Officer)

Peters Chief Executive Officer, President and Chairman

Peters (Principal Executive Officer)

February 24, 2021

/s/ Robert A.

Chief Financial Officer

(Principal Financial Officer and Principal Accounting Officer)

Milligan Chief Financial Officer

Milligan (Principal Financial Officer and Principal Accounting Officer)

February 24, 2021

Bradley Blair, II

Lead Director

Bradley Blair, II Lead Director

Bradley Blair, II

February 24, 2021

February 18, 2020

Booth Director

February 24, 2021

/s/ Maurice J.

Lee Cooper Director

February 24, 2021

1 unchanged sentence

February 24, 2021

February 18, 2020

Foss Director

February 24, 2021

Leupp Director

February 24, 2021

Wescombe Director

February 24, 2021

3 unchanged sentences

its General Partner

Chief Executive Officer, President and Chairman

(Principal Executive Officer)

Peters Chief Executive Officer, President and Chairman

Peters (Principal Executive Officer)

February 24, 2021

/s/ Robert A.

Chief Financial Officer

(Principal Financial Officer and Principal Accounting Officer)

Milligan Chief Financial Officer

Milligan (Principal Financial Officer and Principal Accounting Officer)

February 24, 2021

Chief Executive Officer, President and Chairman

(Principal Executive Officer) of Healthcare Trust of America, Inc.,

February 18, 2020

general partner of Healthcare Trust of America Holdings, LP

Peters Chief Executive Officer, President and Chairman

Peters (Principal Executive Officer) of Healthcare Trust of America, Inc.,

February 24, 2021 general partner of Healthcare Trust of America Holdings, LP

/s/ Robert A.

Chief Financial Officer

(Principal Financial Officer and Principal Accounting Officer) of

February 18, 2020

Healthcare Trust of America, Inc., general partner of Healthcare Trust

Milligan Chief Financial Officer

Milligan (Principal Financial Officer and Principal Accounting Officer) of

February 24, 2021 Healthcare Trust of America, Inc., general partner of Healthcare Trust

of America Holdings, LP

Bradley Blair, II

Lead Director of Healthcare Trust of America, Inc., general partner of

Bradley Blair, II

Healthcare Trust of America Holdings, LP

February 18, 2020

Director of Healthcare Trust of America, Inc., general partner of

Healthcare Trust of America Holdings, LP

Bradley Blair, II Lead Director of Healthcare Trust of America, Inc., general partner of

Bradley Blair, II Healthcare Trust of America Holdings, LP

February 24, 2021

Director of Healthcare Trust of America, Inc., general partner of

Healthcare Trust of America Holdings, LP

Booth Director of Healthcare Trust of America, Inc., general partner of

Booth Healthcare Trust of America Holdings, LP

February 24, 2021

/s/ Maurice J.

Director of Healthcare Trust of America, Inc., general partner of

Healthcare Trust of America Holdings, LP

Lee Cooper Director of Healthcare Trust of America, Inc., general partner of

Lee Cooper Healthcare Trust of America Holdings, LP

February 24, 2021

/s/ Warren D.

Director of Healthcare Trust of America, Inc., general partner of

Healthcare Trust of America Holdings, LP

February 18, 2020

Director of Healthcare Trust of America, Inc., general partner of

Healthcare Trust of America Holdings, LP

Fix Director of Healthcare Trust of America, Inc., general partner of

Fix Healthcare Trust of America Holdings, LP

February 24, 2021

Director of Healthcare Trust of America, Inc., general partner of

Healthcare Trust of America Holdings, LP

Foss Director of Healthcare Trust of America, Inc., general partner of

Foss Healthcare Trust of America Holdings, LP

February 24, 2021

Director of Healthcare Trust of America, Inc., general partner of

Healthcare Trust of America Holdings, LP

Leupp Director of Healthcare Trust of America, Inc., general partner of

Leupp Healthcare Trust of America Holdings, LP

February 24, 2021

Director of Healthcare Trust of America, Inc., general partner of

Healthcare Trust of America Holdings, LP

Wescombe Director of Healthcare Trust of America, Inc., general partner of

Wescombe Healthcare Trust of America Holdings, LP

February 24, 2021

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures