##### Table of Contents



UNITED STATES
 SECURITIES AND EXCHANGE
    COMMISSION
 Washington, D.C.
    20549
   FORM 10-Q
   þ

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March 31,
    2011Oro

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from
    
    to   Commission File Number:
    000-53206
   Healthcare Trust of America,
    Inc.
 (Exact name of registrant as
    specified in its charter)
   Maryland(State or other jurisdiction of incorporation or
    organization)

20-4738467(I.R.S. Employer Identification No.)16435 N. Scottsdale Road, Suite 320,
    Scottsdale, Arizona(Address of principal executive offices)

85254(Zip Code)    (480) 998-3478 (Registrants
    telephone number, including area code)
  N/A (Former
    name, former address and former fiscal year, if changed since
    last report)
   þ o
   Regulation S-T
 o o
   Rule 12b-2
  Large accelerated filer

o



Accelerated filer

oNon-accelerated filer

þ

(Do not check if a smaller reporting company)

Smaller reporting company

o
   Indicate by
    check mark whether the registrant is a shell company (as defined
    in
    Rule 12b-2
    of the Exchange Act).
    o Yes þ No




---



##### 



Healthcare
    Trust of America, Inc.
    (A Maryland Corporation)
    TABLE OF CONTENTS
   
   PART I  FINANCIAL
    INFORMATIONItem 1.

Financial Statements


2Condensed Consolidated Balance Sheets as of
    March 31, 2011 (Unaudited) and December 31, 2010
    (Unaudited)


2Condensed Consolidated Statements of Operations
    for the Three Months Ended March 31, 2011 and 2010
    (Unaudited)


3Condensed Consolidated Statements of Equity for
    the Three Months Ended March 31, 2011 and 2010
    (Unaudited)


4Condensed Consolidated Statements of Cash Flows
    for the Three Months Ended March 31, 2011 and 2010
    (Unaudited)


5Notes to Condensed Consolidated Financial
    Statements (Unaudited)


6Item 2.

Managements Discussion and Analysis of
    Financial Condition and Results of Operations


33Item 3.

Quantitative and Qualitative Disclosures About
    Market Risk


47Item 4.

Controls and Procedures


48PART II  OTHER
    INFORMATIONItem 1.

Legal Proceedings


49Item 1A.

Risk Factors


49Item 2.

Unregistered Sales of Equity Securities and Use
    of Proceeds


50Item 3.

Defaults Upon Senior Securities


51Item 4.

Reserved


51Item 5.

Other Information


51Item 6.

Exhibits


51Signatures


52EX-10.2EX-31.1EX-31.2EX-32.1EX-32.2




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##### Table of Contents



PART I 
    FINANCIAL INFORMATION  Item 1.
    Financial
    Statements.  Healthcare
    Trust of America, Inc.CONDENSED CONSOLIDATED BALANCE
    SHEETS As of March 31, 2011 and
    December 31, 2010
    (Unaudited)
  March 31, 2011


December 31, 2010ASSETSReal estate investments, net:Operating properties, net

$
1,786,767,000


$
1,772,923,000Properties classified as held for sale, net


24,540,000



24,540,000Total real estate investments, net


1,811,307,000



1,797,463,000Real estate notes receivable, net


57,677,000



57,091,000Cash and cash equivalents


207,405,000



29,270,000Accounts and other receivables, net


15,221,000



16,385,000Restricted cash and escrow deposits


25,370,000



26,679,000Identified intangible assets, net


298,330,000



300,587,000Non-real estate assets of properties held for sale


3,768,000



3,768,000Other assets, net


44,992,000



40,552,000Total assets

$
2,464,070,000


$
2,271,795,000LIABILITIES AND EQUITYLiabilities:Mortgage and secured term loans payable, net

$
728,101,000


$
699,526,000Outstanding balance on unsecured revolving credit facility






7,000,000Accounts payable and accrued liabilities


44,555,000



43,033,000Derivative financial instruments  interest rate swaps


1,211,000



1,527,000Security deposits, prepaid rent and other liabilities


16,498,000



16,168,000Identified intangible liabilities, net


12,742,000



13,059,000Liabilities of properties held for sale


369,000



369,000Total liabilities


803,476,000



780,682,000Commitments and contingencies (Note 11)Redeemable noncontrolling interest of limited partners


3,889,000



3,867,000Equity:Stockholders equity:Preferred stock, $0.01 par value; 200,000,000 shares
    authorized; none issued and outstanding






Common stock, $0.01 par value; 1,000,000,000 shares
    authorized; 225,679,179 and 202,643,705 shares issued and
    outstanding as of March 31, 2011 and December 31,
    2010, respectively


2,251,000



2,026,000Additional paid-in capital


2,001,028,000



1,795,413,000Accumulated deficit


(346,574,000
)


(310,193,000
)Total stockholders equity


1,656,705,000



1,487,246,000Total liabilities and equity

$
2,464,070,000


$
2,271,795,000    2




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##### Table of Contents



Healthcare
    Trust of America, Inc.CONDENSED CONSOLIDATED STATEMENTS
    OF OPERATIONSFor the Three Months Ended March 31, 2011 and 2010
    (Unaudited)
  Three Months Ended March 31,2011


2010Revenues:Rental income

$
68,413,000


$
42,309,000Interest income from mortgage notes receivable and other income


1,649,000



2,639,000Total revenues


70,062,000



44,948,000Expenses:Rental expenses


23,772,000



14,585,000General and administrative expenses


7,308,000



3,605,000Acquisition expenses (Note 3)


1,062,000



3,224,000Depreciation and amortization


26,750,000



17,006,000Total expenses


58,892,000



38,420,000Income (loss) before other income (expense)


11,170,000



6,528,000Other income (expense):Interest expense (including amortization of deferred financing
    costs and debt discount):Interest expense related to mortgage loans payable, credit
    facility, and derivative financial instruments


(10,346,000
)


(8,876,000
)Net gain on change in fair value of derivative financial
    instruments


504,000



1,561,000Interest and dividend income


118,000



16,000Income (loss) from continuing operations


1,446,000



(771,000
)Discontinued operations:Income (loss) from discontinued operations


744,000



289,000Net income (loss)


2,190,000



(482,000
)Less: Net (income) loss attributable to noncontrolling interest
    of limited partners


(40,000
)


(64,000
)Net income (loss) attributable to controlling interest

$
2,150,000


$
(546,000
)Net income (loss) per share attributable to controlling
    interest on distributed and undistributed earnings 
    basic and diluted:Continuing operations

$
0.01


$
(0.00
)Discontinued operations

$
0.00


$
(0.00
)Net income (loss) per share attributable to controlling
    interest

$
0.01


$
(0.00
)Weighted average number of shares outstanding:Basic


214,797,450



145,335,661Diluted


214,996,502



145,335,661    3




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##### Table of Contents



Healthcare
    Trust of America, Inc.CONDENSED CONSOLIDATED STATEMENTS
    OF EQUITYFor the Three Months Ended March 31, 2011
    and 2010
    (Unaudited)
  Stockholders EquityCommon StockNumber of





Additional


Accumulated


TotalShares


Amount


Paid-In Capital


Deficit


EquityBALANCE  December 31, 2009


140,590,686


$
1,405,000


$
1,251,996,000


$
(182,084,000
)

$
1,071,317,000Issuance of common stock


10,560,001



106,000



103,830,000







103,936,000Offering costs










(12,898,000
)






(12,898,000
)Amortization of nonvested share based compensation










156,000







156,000Issuance of common stock under the DRIP


1,318,102



13,000



12,509,000







12,522,000Repurchase of common stock


(899,399
)


(9,000
)


(8,524,000
)






(8,533,000
)Distributions














(26,032,000
)


(26,032,000
)Adjustment to redeemable noncontrolling interests










(26,000
)


301,000



275,000Net loss attributable to controlling interest














(546,000
)


(546,000
)BALANCE  March 31, 2010


151,569,390


$
1,515,000


$
1,347,043,000


$
(208,361,000
)

$
1,140,197,000BALANCE  December 31, 2010


202,643,705


$
2,026,000


$
1,795,413,000


$
(310,193,000
)

$
1,487,246,000Issuance of common stock


21,713,365



214,000



209,996,000







210,210,000Offering costs










(15,002,000
)






(15,002,000
)Issuance of restricted common stock


286,000















Amortization of nonvested share based compensation










897,000







897,000Issuance of common stock under the DRIP


1,857,957



19,000



17,632,000







17,651,000Repurchase of common stock


(821,848
)


(8,000
)


(7,908,000
)






(7,916,000
)Distributions














(38,531,000
)


(38,531,000
)Net income attributable to controlling interest














2,150,000



2,150,000BALANCE  March 31, 2011


225,679,179


$
2,251,000


$
2,001,028,000


$
(346,574,000
)

$
1,656,705,000    4




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##### Table of Contents



Healthcare
    Trust of America, Inc.CONDENSED CONSOLIDATED STATEMENTS
    OF CASH FLOWSFor the Three Months Ended March 31, 2011
    and 2010
    (Unaudited)
  Three Months Ended March 31,2011


2010CASH FLOWS FROM OPERATING ACTIVITIESNet income (loss)

$
2,190,000


$
(482,000
)Adjustments to reconcile net loss to net cash provided by
    operating activities:Depreciation and amortization (including deferred financing
    costs, above/below market leases, debt discount, leasehold
    interests, deferred rent receivable, note receivable closing
    costs and discount and lease inducements)


23,998,000



19,880,000Stock based compensation, net of forfeitures


897,000



156,000Bad debt expense


337,000



59,000Change in fair value of derivative financial instruments


(504,000
)


(1,702,000
)Changes in operating assets and liabilities:Accounts and other receivables, net


866,000



(312,000
)Other assets


(2,872,000
)


(3,286,000
)Accounts payable and accrued liabilities


(21,000
)


844,000Accounts payable due to affiliates, net






(3,769,000
)Security deposits, prepaid rent and other liabilities


219,000



1,158,000Net cash provided by operating activities


25,110,000



12,546,000CASH FLOWS FROM INVESTING ACTIVITIESAcquisition of real estate operating properties


(29,733,000
)


(133,639,000
)Capital expenditures


(2,548,000
)


(4,828,000
)Restricted cash and escrow deposits


1,309,000



(16,994,000
)Real estate deposits paid


(500,000
)


(141,000
)Real estate deposits used


3,000,000



Net cash used in investing activities


(28,472,000
)


(155,602,000
)CASH FLOWS FROM FINANCING ACTIVITIESBorrowings on mortgage loans payable


125,500,000



13,000,000Purchase of noncontrolling interest






(3,900,000
)Payments on unsecured revolving credit facility


(7,000,000
)


Payments on mortgage loans payable


(103,496,000
)


(26,205,000
)Proceeds from issuance of common stock


210,210,000



104,608,000Deferred financing costs


(1,555,000
)


(994,000
)Security deposits


132,000



306,000Repurchase of common stock


(7,916,000
)


(8,533,000
)Payment of offering costs


(15,002,000
)


(12,898,000
)Distributions


(19,320,000
)


(12,838,000
)Distributions to noncontrolling interest limited partner


(56,000
)


(87,000
)Net cash provided by financing activities


181,497,000



52,459,000NET CHANGE IN CASH AND CASH EQUIVALENTS


178,135,000



(90,597,000
)CASH AND CASH EQUIVALENTS  Beginning of period


29,270,000



219,001,000CASH AND CASH EQUIVALENTS  End of period

$
207,405,000


$
128,404,000SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid for:Interest

$
10,984,000


$
9,418,000Income taxes

$
229,000


$
10,000SUPPLEMENTAL DISCLOSURE OF NONCASH ACTIVITIES:Investing activities:Accrued capital expenditures

$
2,789,000


$
2,628,000The following represents the significant increase in certain
    assets and liabilities in connection with our acquisitions of
    real estate investments:Mortgage loans payable, net

$
(6,657,000
)

$
(6,357,000
)Financing activities:Issuance of common stock under the DRIP

$
17,651,000


$
12,522,000Distributions declared but not paid including stock issued under
    the DRIP

$
13,839,000


$
9,227,000Accrued offering costs

$



$
1,384,000Adjustment to redeemable noncontrolling interests

$



$
(275,000
)    5




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##### Table of Contents



Healthcare
    Trust of America, Inc.NOTES TO CONDENSED CONSOLIDATED FINANCIAL
    STATEMENTS (Unaudited)
    As of and for the Three Months Ended March 31, 2011 and
    2010
  The use of the words we, us or
    our refers to Healthcare Trust of America, Inc. and
    its subsidiaries, including Healthcare Trust of America
    Holdings, LP, except where the context otherwise requires.
  1.
    Organization
    and Description of Business    day-to-day
          (480) 998-3478. (888) 801-0107.
 6




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  2.
    Summary
    of Significant Accounting Policies    Basis
    of Presentation
  Consolidation
    Interim
    Unaudited Financial Data
  Form 10-K.
  Use of
    Estimates
   7




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  Cash
    and Cash Equivalents
    Segment
    Disclosure
  Segment Reporting
  Recently
    Issued Accounting Pronouncements
    Fair
    Value Pronouncements
  2010-06, Fair Value Measurements and Disclosures (Topic 820) 2010-06, 820-10 2010-06 2010-06 2010-06 Compensation  Retirement Benefits 2010-06 2010-06 2010-06
  Business
    Combination Pronouncements
  2010-29, Disclosure of Supplementary Pro Forma Information for
    Business Combinations Business Combinations
 8




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  2010-29
  3.
    Real
    Estate Investments, Net, Assets Held for Sale, and Discontinued
    Operations  Investment
    in Operating Properties
    March 31, 2011


December 31, 2010Land

$
165,766,000


$
164,821,000Building and improvements


1,739,842,000



1,711,054,000Furniture and equipment


10,000



10,0001,905,618,000



1,875,885,000Less: accumulated depreciation


(118,851,000
)


(102,962,000
)Total

$
1,786,767,000


$
1,772,923,000     Assets
    Held for Sale and Discontinued Operations
  ASC 360-10-45-9, Property, Plant, and Equipment 
    Overall  Other Presentation Matters  Long
    Lived Assets Classified as Held for
 9




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
    Assets:
    Real Estate Investments, net
  March 31, 2011


December 31, 2010Land

$
2,302,000


$
2,302,000Building and improvements, net of accumulated depreciation of
    $2,161,000 as of March 31, 2011 and December 31, 2010


22,238,000



22,238,000Total real estate investments of properties held for sale,
    net

$
24,540,000


$
24,540,000     Assets:
    Identified Intangible Assets, net
  March 31, 2011


December 31, 2010In place leases, net of accumulated amortization of $824,000 as
    of March 31, 2011 and December 31, 2010

$
1,648,000


$
1,648,000Tenant relationships, net of accumulated amortization of
    $376,000 as of March 31, 2011 and December 31, 2010


2,120,000



2,120,000Total identified intangible assets of properties held for
    sale, net

$
3,768,000


$
3,768,000     Liabilities:
    Identified Intangible Liabilities, net
  March 31, 2011


December 31, 2010Below market leases, net of accumulated amortization of $184,000
    as of March 31, 2011 and December 31, 2010


369,000



369,000Total identified intangible liabilities of properties held
    for sale, net

$
369,000


$
369,000     ASC 205-20, Presentation of Financial Statements  Discontinued
    Operations,
 10




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
    Three Months Ended March 31,2011


2010Revenues:Rental income

$
830,000


$
805,000Expenses:Rental expenses


86,000



86,000Depreciation and amortization






305,000Total expenses


86,000



391,000Income before other income (expense)

$
744,000


$
414,000Other income (expense):Interest expense:Interest expense related to mortgage loan payables and credit
    facility






(266,000
)Gain (loss) on derivative financial instruments






141,000Income from discontinued operations

$
744,000


$
289,000Income from discontinued operations per common
    share  basic and diluted

$
0.00


$
0.00Weighted average number of shares outstandingBasic


214,797,450



145,335,661Diluted


214,996,502



145,335,661   Property
    Acquisitions during the three months ended March 31,
    2011
      MortgageDate

Ownership


Purchase


LoansProperty

Property Location

Acquired

Percentage


Price


Payable(1)Phoenix Portfolio  Paseo(2)

Phoenix, AZ

2/11/11


100
%

$
3,762,000


$
2,147,000Columbia Portfolio  Northern Berkshire(2)

North Adams, MA

2/16/11


100



9,182,000



4,434,000Holston Medical Portfolio

Bristol, TN

3/24/11


100



23,370,000



$
36,314,000


$
6,581,000     (1)
    
    Represents the amount of the mortgage loan payable assumed or
    newly placed on the property in connection with the acquisition
    or secured by the property subsequent to acquisition.(2)
    
    Represent purchases of additional medical office buildings
    during the three months ended March 31, 2011 that are
    within portfolios we had previously acquired. 11




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  4.
    Real
    Estate Notes Receivable, Net        Property NameLocation of Property

Property Type

Interest Rate


Maturity Date

March 31, 2011


December 31, 2010MacNeal Hospital Medical Office Building Berwyn, Illinois

Medical Office Building


5.95%
(1)

11/01/11

$
7,500,000


$
7,500,000MacNeal Hospital Medical Office Building Berwyn, Illinois

Medical Office Building


5.95
(1)

11/01/11


7,500,000



7,500,000St. Lukes Medical Office Building Phoenix, Arizona

Medical Office Building


5.85
(2)

11/01/11


3,750,000



3,750,000St. Lukes Medical Office Building Phoenix, Arizona

Medical Office Building


5.85
(2)

11/01/11


1,250,000



1,250,000Rush Presbyterian Medical Office Building Oak Park, Illinois

Medical Office Building


7.76
(3)

12/01/14


41,150,000



41,150,000Total real estate notes receivable










61,150,000



61,150,000Add: Notes receivable closing costs, net(4)










481,000



540,000Less: discount, net(4)










(3,954,000
)


(4,599,000
)Real estate notes receivable, net









$
57,677,000


$
57,091,000     (1)
    
    The effective interest rate associated with these notes as of
    March 31, 2011 is 7.93%.(2)
    
    The effective interest rate associated with these notes as of
    March 31, 2011 is 7.80%.(3)
    
    Represents an average contractual interest rate for the life of
    the note with an effective interest rate of 8.6%.(4)
    
    The closing costs and discount are amortized on a straight-line
    basis over the respective life, and impact the yield, of each
    note.   12




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  5.
    Identified
    Intangible Assets, Net    March 31, 2011


December 31, 2010In place leases, net of accumulated amortization of $47,883,000
    and $42,361,000 as of March 31, 2011 and December 31,
    2010, respectively (with a weighted average remaining life of
    152 months and 154 months as of March 31, 2011
    and December 31, 2010, respectively).

$
122,637,000


$
122,682,000Above market leases, net of accumulated amortization of
    $6,878,000 and $5,971,000 as of March 31, 2011 and
    December 31, 2010, respectively (with a weighted average
    remaining life of 88 months and 89 months as of
    March 31, 2011 and December 31, 2010,
    respectively).


17,057,000



17,943,000Tenant relationships, net of accumulated amortization of
    $28,250,000 and $23,561,000 as of March 31, 2011 and
    December 31, 2010, respectively (with a weighted average
    remaining life of 165 months and 168 months as of
    March 31, 2011 and December 31, 2010,
    respectively).


132,043,000



133,901,000Leasehold interests, net of accumulated amortization of $730,000
    and $526,000 as of March 31, 2011 and December 31,
    2010, respectively (with a weighted average remaining life of
    841 months and 855 months as of March 31, 2011
    and December 31, 2010, respectively).


26,593,000



26,061,000Total

$
298,330,000


$
300,587,000      13




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  6.
    Other
    Assets, Net    March 31, 2011


December 31, 2010Deferred financing costs, net of accumulated amortization of
    $3,968,000 and $5,015,000 as of March 31, 2011 and
    December 31, 2010, respectively

$
9,016,000


$
8,620,000Lease commissions, net of accumulated amortization of $1,351,000
    and $1,132,000 as of March 31, 2011 and December 31,
    2010, respectively


5,402,000



4,275,000Lease inducements, net of accumulated amortization of $582,000
    and $527,000 as of March 31, 2011 and December 31,
    2010, respectively


1,220,000



1,284,000Deferred rent receivable


21,186,000



17,422,000Prepaid expenses, deposits, and other assets


8,168,000



8,951,000Total

$
44,992,000


$
40,552,000     7.
    Mortgage
    Loans Payable, Net and Secured Real Estate Term Loan    12-month
 14




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
          Interest


Maturity


March 31,Property

Rate


Date


2011(a)


December 31, 2010(b)Fixed Rate Debt:Southpointe Office Parke and Epler Parke I


6.11
%


09/01/16


$
9,093,000


$
9,121,000Crawfordsville Medical Office Park and Athens Surgery Center


6.12



10/01/16



4,244,000



4,256,000The Gallery Professional Building


5.76



03/01/17



5,995,000



6,000,000Lenox Office Park, Building G


5.88



02/01/17



11,974,000



12,000,000Commons V Medical Office Building


5.54



06/11/17



9,635,000



9,672,000Yorktown Medical Center and Shakerag Medical Center


5.52



05/11/17



13,388,000



13,434,000Thunderbird Medical Plaza


5.67



06/11/17



13,692,000



13,740,000Gwinnett Professional Center


5.88



01/01/14



5,390,000



5,417,000Northmeadow Medical Center


5.99



12/01/14



7,504,000



7,545,000Medical Portfolio 2


5.91



07/01/13



13,970,000



14,024,000Renaissance Medical Centre


5.38



09/01/15



18,376,000



18,464,000Renaissance Medical Centre


12.75



09/01/15



1,238,000



1,240,000Medical Portfolio 4


5.50



06/01/19



6,340,000



6,404,000Medical Portfolio 4


6.18



06/01/19



1,626,000



1,625,000Marietta Health Park


5.11



11/01/15



7,200,000



7,200,000Hampden Place


5.98



01/01/12



8,470,000



8,551,000Greenville  Patewood


6.18



01/01/16



35,499,000



35,609,000Greenville  Greer


6.00



02/01/17



8,387,000



8,413,000Greenville  Memorial


6.00



02/01/17



4,440,000



4,454,000Greenville  MMC


6.25



06/01/20



22,675,000



22,743,000Sun City-Note B


6.54



09/01/14



14,751,000



14,819,000Sun City-Note C


6.50



09/01/14



4,375,000



4,412,000Sun City Note D


6.98



09/01/14



13,782,000



13,839,000King Street


5.88



03/05/17



6,369,000



6,429,000Wisconsin MOB II  Mequon


6.25



07/10/17



9,923,000



9,952,000Balfour Concord  Denton


7.95



08/10/12



4,558,000



4,592,000Pearland-Broadway


5.57



09/01/12



2,350,000



2,361,0007900 Fannin-Note A


7.30



01/01/21



21,726,000



21,783,0007900 Fannin-Note B


7.68



01/01/16



817,000



819,000Deaconess  Evansville


4.90



08/06/15



21,072,000



21,151,000Overlook


6.00



11/05/16



5,386,000



5,408,000 15




---



##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  Interest


Maturity


March 31,Property

Rate


Date


2011(a)


December 31, 2010(b)Triad


5.60



09/01/22



11,922,000



11,961,000Santa Fe  Building 1640


5.57



07/01/15



3,533,000



3,555,000Rendina  Wellington


5.97



12/01/16



8,277,000



8,296,000Rendina  Gateway


6.49



09/01/18



10,546,000



10,596,000Columbia  Patroon Creek Note A


6.10



06/01/16



23,027,000



23,123,000Columbia  Patroon Creek Note B


6.10



06/01/16



878,000



890,000Columbia  1092 Madison


6.25



02/01/18



1,995,000



2,006,000Columbia  FL Orthopaedic


5.45



07/10/13



6,981,000



7,041,000Columbia  Capital Region Health Park


6.51



07/10/12



22,120,000



22,309,000Columbia  Putnam


5.33



05/01/15



19,246,000



19,329,000Columbia  CDPHP


5.40



06/01/16



21,097,000



21,182,000Phoenix  Estrella


6.26



08/01/17



20,631,000



20,695,000Phoenix  MOB IV


6.01



06/11/17



4,338,000



4,355,000Phoenix  Paseo


6.32



10/11/16



2,141,000



Columbia  N. Berkshire


6.01



12/11/12



4,422,000



Total fixed rate debt










475,399,000



470,815,000Variable Rate Debt:Chesterfield Rehabilitation Center


1.89
(c)


12/30/11



21,780,000



22,000,000Park Place Office Park


1.79
(c)


12/31/10




(f)


10,943,000Highlands Ranch Medical Plaza


1.79
(c)


12/31/10




(e)


8,853,000Medical Portfolio 1


1.92
(c)


02/28/11




(e)


19,580,000Medical Portfolio 3


2.49
(c)


06/26/11



58,000,000
(d)


58,000,000SouthCrest Medical Plaza


2.44
(c)


06/30/11




(e)


12,870,000Wachovia Pool Loans


4.65
(c)


06/30/11




(e)


48,666,000Cypress Station Medical Office Building


1.99
(c)


09/01/11



7,010,000



7,043,000Decatur Medical Plaza


2.24
(c)


09/26/11



7,900,000



7,900,000Mountain Empire Portfolio


2.34
(c)


09/28/11



18,290,000



18,408,000Wells Fargo Secured Real Estate Term Loan


2.59
(c)


12/31/13



125,500,000



Sun City-Sun 1


1.74
(c)


12/31/14



1,833,000



2,000,000Sun City-Sun 2


1.74
(c)


12/31/14



9,431,000



9,480,000Total variable rate debt










249,744,000



225,743,000Total fixed and variable debt










725,143,000



696,558,000Add: Net premium










2,958,000



2,968,000Mortgage loans payable, net









$
728,101,000


$
699,526,000     (a)
    
    As of March 31, 2011, we had variable rate mortgage loans
    on 6 of our properties, as well as a secured real estate term
    loan secured by certain of our properties, with effective
    interest rates ranging from 1.74% to 2.59% per annum and a
    weighted average effective interest rate of 2.42% per annum.
    However, as of March 31, 2011, we had fixed rate interest
    rate swaps on our Decatur and Mountain Empire variable rate
    mortgage loans payable as well as on $75,000,000 of our secured
    real estate term loan, thereby effectively fixing our interest
    rates on those debt instruments at 5.16%, 5.87%, and 3.42%,
    respectively.(b)
    
    As of December 31, 2010, we had variable rate mortgage
    loans on 15 of our properties with effective interest rates
    ranging from 1.76% to 4.65% per annum and a weighted average
    effective interest rate of 2.72% per annum. However, as of
    December 31, 2010, we had fixed rate interest rate swaps
    and caps on our Medical Portfolio 1, Decatur, Mountain Empire,
    and Sun City-Sun 2 variable rate mortgage loans payable, thereby
    effectively fixing our interest rates on those mortgage loans
    payable at 5.23%, 5.16%, 5.87%, and 2.00%, respectively.(c)
    
    Represents the interest rate in effect as of March 31, 2011.(d)
    
    Represents a loan balance that was paid off on May 3, 2011,
    as discussed further in Note 19, Subsequent Events.(e)
    
    Represent bank loans, the aggregate principal balance of which
    as of December 31, 2010 was $89,969,000, which were
    refinanced using the proceeds of our $125,500,000 senior secured
    real estate term loan, as discussed above within this
    Note 7. We closed on this term loan with Wells Fargo Bank
    on February 1, 2011.(f)
    
    Represents a loan balance that we have paid off during the three
    months ended March 31, 2011. 16




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
     Year

Amount2011

$
119,211,0002012


48,748,0002013


153,391,0002014


50,121,0002015


80,567,000Thereafter


273,105,000Total

$
725,143,000   one-year
  8.
    Derivative
    Financial Instruments  Derivatives and Hedging
      Notional Amount

Index

Rate

Fair Value

Instrument

Maturity$
7,900,000


LIBOR


5.16



(131,000
)

Swap


09/26/1116,830,000


LIBOR


5.87



(1,080,000
)

Swap


09/28/1375,000,000


LIBOR


3.42



460,000


Swap


12/31/139,443,000


LIBOR


2.00



408,000


Cap


12/31/14     Notional Amount

Index

Rate

Fair Value

Instrument

Maturity$
19,507,000


LIBOR


5.23



(109,000
)

Swap


01/31/117,900,000


LIBOR


5.16



(185,000
)

Swap


09/26/1116,912,000


LIBOR


5.87



(1,233,000
)

Swap


09/28/1375,000,000


LIBOR


3.42



297,000


Swap


12/31/139,480,000


LIBOR


2.00



383,000


Cap


12/31/14  17




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
    Asset Derivatives

Liability DerivativesMarch 31, 2011

December 31, 2010

March 31, 2011

December 31, 2010Derivatives not designated as

Balance Sheet



Balance Sheet



Balance Sheet



Balance Sheethedging instruments:

Location

Fair Value

Location

Fair Value

Location

Fair Value

Location

Fair ValueInterest Rate Swaps

Other Assets

$
460,000


Other Assets

$
297,000


Derivative
    Financial
    Instruments

$
1,211,000


Derivative
    Financial
    Instruments

$
1,527,000Interest Rate Cap

Other Assets

$
408,000


Other Assets

$
383,000     Amount of Gain (Loss)RecognizedDerivatives not designated as

Location of Gain (Loss)

Three Months Endedhedging instruments:

Recognized

March 31, 2011

March 31, 2010Interest rate swaps

Gain (loss) on derivative instruments

$
479,000


$
1,756,000Interest rate cap

Gain (loss) on derivative instruments

$
25,000


$
(195,000
)     9.
    Revolving
    Credit Facility    loan-to-cost, loan-to-value
 18




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
      10.
    Identified
    Intangible Liabilities, Net    March 31, 2011


December 31, 2010Below market leases, net of accumulated amortization of
    $5,140,000 and $4,550,000 as of March 31, 2011 and
    December 31, 2010, respectively (with a weighted average
    remaining life of 215 months and 213 months as of
    March 31, 2011 and December 31, 2010,
    respectively).

$
8,982,000


$
9,271,000Below market leasehold interests, net of accumulated
    amortization of $66,000 and $40,000 as of March 31, 2011
    and December 31, 2010, respectively (with a weighted
    average remaining life of 736 months and 738 months as
    of March 31, 2011 and December 31, 2010,
    respectively).

$
3,760,000


$
3,788,000Total

$
12,742,000


$
13,059,000      19




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  11.
    Commitments
    and Contingencies  Litigation
    Environmental
    Matters
    Other
    Organizational and Offering Expenses
    Tax
    Status
     20




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  Other
    12.
    Related
    Party Transactions          13.
    Redeemable
    Noncontrolling Interest of Limited Partners   21




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  and/or
    Distinguishing Liabilities From
    Equity, Presentation in the Financial Statements of Redeemable
    Preferred Stock No. 2009-4, Accounting for Redeemable Equity Instruments
  Balance as of December 31, 2009

$
3,549,000Net income attributable to noncontrolling interest of limited
    partners


64,000Distributions


(87,000
)Valuation adjustment to noncontrolling interests


570,000Purchase of Chesterfield 20% interest


(3,900,000
)Balance as of March 31, 2010

$
196,000Balance as of December 31, 2010

$
3,867,000Net income attributable to noncontrolling interest of limited
    partners


40,000Distributions


(18,000
)Balance as of March 31, 2011

$
3,889,000      22




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  14.
    Stockholders
    Equity  Common
    Stock
  Form 10-K,
      Preferred
    Stock
    Distribution
    Reinvestment Plan
   23




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  Share
    Repurchase Plan
      Amended
    and Restated 2006 Incentive Plan and 2006 Independent Directors
    Compensation Plan
         24




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
              Restricted


WeightedCommon


Average GrantStock/Units


Date Fair ValueBalance  December 31, 2010


435,168


$
10.00Granted, net


286,000


$
10.00Vested


(25,000
)

$
10.00Forfeited






Balance  March 31, 2011


696,168


$
10.00Nonvested Shares Expected to vest 
    March 31, 2011


696,168


$
10.00  25




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  15.
    Fair
    Value of Financial Instruments  Fair Value Measurements and Disclosures
          Financial Instruments
    Financial
    Instruments Reported at Fair Value
  Cash and
    Cash Equivalents
    Derivative
    Financial Instruments
   26




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
        Assets
    and Liabilities at Fair Value
    Quoted Prices inActive Markets forIdentical Assets


Significant Other


Significantand Liabilities


Observable Inputs


Unobservable Inputs(Level 1 )


(Level 2)


(Level 3)


TotalAssetsMoney market funds

$
43,000


$



$



$
43,000Derivative financial instruments






868,000







868,000Total assets at fair value

$
43,000


$
868,000


$



$
911,000LiabilitiesDerivative financial instruments

$



$
(1,211,000
)

$



$
(1,211,000
)Total liabilities at fair value

$



$
(1,211,000
)

$



$
(1,211,000
)     Quoted Prices inActive Markets forIdentical Assets


Significant Other


Significantand Liabilities


Observable Inputs


Unobservable Inputs(Level 1 )


(Level 2)


(Level 3)


TotalAssetsMoney market funds

$
43,000


$



$



$
43,000Derivative financial instruments

$



$
680,000


$



$
680,000Total assets at fair value

$
43,000


$
680,000


$



$
723,000LiabilitiesDerivative financial instruments

$



$
(1,527,000
)

$



$
(1,527,000
)Total liabilities at fair value

$



$
(1,527,000
)

$



$
(1,527,000
)  27




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  Financial
    Instruments Disclosed at Fair Value
            16.
    Business
    Combinations       28




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
    Business Combinations, lease-up
  24-month
    
    An approximately 20,000 square foot medical office building
    located in Phoenix, Arizona, which was purchased on
    February 11, 2011 for $3,762,000. This acquisition
    represented the final building of three in our existing Phoenix
    portfolio; the other two buildings comprising this portfolio
    were purchased during the fourth quarter of 2010.
    An approximately 47,000 square foot building located in
    North Adams, Massachusetts, which was purchased on
    February 16, 2011 for $9,182,000. This building was the
    final building within a portfolio of nine medical office
    buildings located in Albany and Carmel, New York, North Adams,
    Massachusetts, and Temple Terrace, Florida; the other eight
    buildings comprising the portfolio were purchased during the
    fourth quarter of 2010.
    A two-building portfolio located in Bristol Tennessee, which was
    purchased on March 24, 2011 for an aggregate price of
    $23,370,000. The first building, an approximately
    40,000 square foot medical office building, was purchased
    for $5,925,000, and the second, an approximately
    81,000 square foot medical office building, was purchased
    for $17,445,000. Both buildings within this portfolio are
    located near the campus of Wellmont Health Systems Bristol
    Regional Medical Center.    Supplementary
    Pro-Forma Information
   29




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
      17.
    Concentration
    of Credit Risk          18.
    Per Share
    Data  Earnings Per Share,
   30




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
      Three Months Ended March 31,2011


2010Numerator:Income (loss) from continuing operations

$
1,446,000


$
(771,000
)(Income) loss attributable to noncontrolling interest of limited
    partners


(40,000
)


(64,000
)Income from continuing operations attributable to controlling
    interest


1,406,000



(835,000
)Income from discontinued operations


744,000



289,000Net income (loss) attributable to controlling interest


2,150,000



(546,000
)Denominator:Weighted average number of shares outstanding  basic


214,797,450



145,335,661Dilutive restricted stock(1)


199,052



Weighted average number of shares outstanding  diluted


214,996,502



145,335,661Basic earnings per common share:Continuing operations

$
0.01


$
0.00Discontinued operations

$
0.00


$
0.00Net income (loss) per share attributable to controlling interest

$
0.01


$
0.00Diluted earnings per common share:Continuing operations

$
0.01


$
0.00Discontinued operations

$
0.00


$
0.00Net income (loss) per share attributable to controlling interest

$
0.01


$
0.00     (1)
    
    For the three months ended March 31, 2010, restricted stock
    does not factor into the calculation for weighted average number
    of shares outstanding  diluted because, given our net
    loss position during that quarter, such restricted stock would
    have been antidilutive in nature.  19.
    Subsequent
    Events    Financing
     31




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##### Table of Contents



Healthcare
    Trust of America, Inc.
    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
    (Unaudited)(Continued)
  Share
    Repurchases
   32




---



##### Table of Contents



Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations.  The use of the words we, us or
    our refers to Healthcare Trust of America, Inc. and
    its subsidiaries, including Healthcare Trust of America
    Holdings, LP, except where the context otherwise requires.
  Form 10-Q, Form 10-K
  Forward-Looking
    Statements
    
    changes in economic conditions generally and the real estate and
    healthcare markets specifically;
    legislative and regulatory changes impacting the healthcare
    industry, including the implementation of the healthcare reform
    legislation enacted in 2010;
    legislative and regulatory changes impacting real estate
    investment trusts, or REITs, including their taxation;
    the success of strategic alternatives, including potential
    liquidity alternatives;
    the availability of cash flow from operating activities for
    distributions;
    the availability of debt and equity capital;
    changes in interest rates;
    competition in the real estate industry;
    the supply and demand for operating properties in our proposed
    market areas;
    changes in accounting principles generally accepted in the
    United States of America, or GAAP;
    factors that could affect our ability to qualify as a
    REIT; and
    the risk factors in our 2010 Annual Report on Form 10-K and this
    Quarterly Report on
    Form 10-Q.   33




---



##### Table of Contents



Form 10-K Form 10-Q
      Overview
    and Background
    Company
    Highlights
  
    During the three months ended March 31, 2011, we completed
    one new portfolio acquisition and expanded two of our existing
    portfolios through the purchase of additional medical office
    buildings within each for an aggregate purchase price of
    $36,314,000. These purchases consist of four buildings comprised
    of approximately 188,000 square feet of GLA, bringing our
    total portfolio value, based on purchase price, to
    $2,302,673,000 and our total portfolio GLA to
    11,107,000 square feet as of March 31, 2011. The
    weighted average occupancy rate associated with the purchases
    completed during the three months ended March 31, 2011 was
    91% as of March 31, 2011.
    Our acquisition and portfolio performance this quarter has
    resulted in net operating income, or NOI, growth of
    approximately 51% as compared to the three months ended
    March 31, 2010. In addition, we had quarter over quarter
    NOI growth of 19% compared to the fourth quarter of 2010. NOI is
    a non-GAAP financial measure. For a reconciliation of NOI to net
    income (loss), see Net Operating Income.
    The occupancy rate on our portfolio of properties remained
    consistent at 91% as of March 31, 2011.
    For the three months ended March 31, 2011, our funds from
    operations, or FFO, has increased by 73% to $28,836,000 from
    $16,714,000 for the three months ended March 31, 2010. FFO
    is a non-GAAP financial measure. For a reconciliation of FFO to
    net income (loss), see Funds from Operations and Modified
    Funds from Operations.
    For the three months ended March 31, 2011, our modified
    funds from operations, or MFFO, was $29,898,000. MFFO is a
    non-GAAP financial measure. For a reconciliation of MFFO to net
    income (loss), see Funds from Operations and Modified
    Funds from Operations below.
    On May 13, 2011, we successfully increased our unsecured
    revolving credit facility from an aggregate maximum principal of
    $275,000,000 to $575,000,000 as well as extended its maturity
    date from November 2013 to May 2014. We believe our strong cash
    position and leverage ratio of approximately 30% (both of which
    are further discussed below) in combination with our unsecured
    credit facility provides us the capacity to continue with our
    business plan of disciplined growth and stockholder value
    enhancement.
    We had cash on hand of $207,405,000 at March 31, 2011 and
    the leverage ratio of our mortgage and secured term loans
    payable debt to total assets was approximately 30%. 34




---



##### Table of Contents




    We closed a senior secured real estate term loan in the amount
    of $125,500,000 on February 1, 2011. We used the proceeds
    from this term loan to refinance a total of $89,969,000 of our
    2010 and 2011 debt maturities and to provide new financing on
    three of our existing properties. The interest rate associated
    with this loan, excluding the impact of interest rate swap
    instruments, is one-month LIBOR plus 2.35%, which currently
    equates to 2.60%. Including the impact of the interest rate swap
    discussed in Note 8, Derivative Financial Instruments, to
    our interim condensed consolidated financial statements, the
    weighted average rate associated with this term loan is
    approximately 3.09%. This reduced our cost of capital on these
    loans by more than 25% compared to the weighted average rate of
    4.18% (including the impact of interest rate swaps) we were
    previously paying on the refinanced debt.
    We received and accepted subscriptions of common stock of
    $215,649,000 in the first quarter of 2011 pursuant to our
    follow-on offering and closed this offering on February 28,
    2011, except for the DRIP.  Company
    Description
  day-to-day
         35




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##### Table of Contents



(480) 998-3478. (888) 801-0107.
  Critical
    Accounting Policies
  Form 10-K,
  Interim
    Unaudited Financial Data
  Form 10-K,
 36




---



##### Table of Contents



Recently
    Issued Accounting Pronouncements
    Acquisitions
    Completed During the Three Months Ended March 31,
    2011
    Status
    and Performance of Our Offerings
    Financing
  Unsecured
    Credit Facility
    Secured
    Real Estate Term Loan
  12-month
 37




---



##### Table of Contents



Factors
    Which May Influence Results of Operations
  Form 10-K,
  Rental
    Income
    Scheduled
    Lease Expirations
    Results
    of Operations
  Comparison
    of the Three Months Ended March 31, 2011 and
    2010
      Rental
    Income
   38




---



##### Table of Contents



Rental
    Expenses
    Three Months Ended March 31,2011


2010Real estate taxes

$
7,812,000


$
4,252,000Building maintenance


4,095,000



3,727,000Utilities


4,538,000



2,889,000Property management fees


925,000



658,000Administration


1,182,000



977,000Grounds maintenance


1,460,000



1,082,000Non-recoverable operating expenses


1,373,000



637,000Insurance


464,000



276,000Other


1,923,000



87,000Total rental expenses

$
23,772,000


$
14,585,000   General
    and Administrative Expenses
      
    An increase in the number of employees hired as of
    March 31, 2011 commensurate with the increased size of our
    portfolio and the associated increase in our level of operating
    activity. As of March 31, 2011, we had approximately
    51 employees, as compared to 40 employees as of
    March 31, 2010. The associated increases in salaries
    expense, restricted stock compensation expense, and corporate
    office overhead in order to accommodate our growing portfolio of
    properties and increased level of activity accounted for
    $2,129,000 of the overall
    year-over-year
    increase in general and administrative expense.
    A net increase in investor services expense of $433,000 for the
    three months ended March 31, 2011 as compared to the three
    months ended March 31, 2010, which was largely driven by an
    increase in the number of our stockholders period over period.
    An increase in bank charges, taxes, and legal and professional
    fees of approximately $569,000 for the three months ended
    March 31, 2011 as compared to the three months ended
    March 31, 2010, each of which was primarily related to the
    increased size of our portfolio of properties.
    An increase in bad debt expense of $278,000 for the three months
    ended March 31, 2011 as compared to the three months ended
    March 31, 2010, which was the result of the increase in the
    size of our portfolio and related accounts receivable balance as
    well as our continual review of our tenant receivable balances.  Acquisition-Related
    Expenses
   39




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##### Table of Contents



Depreciation
    and Amortization
    Interest
    Expense and Net Gain on Derivative Instruments
    Three Months Ended March 31,2011


2010Interest expense on our mortgage loans payable and derivative
    financial instruments

$
9,060,000


$
8,182,000Amortization of deferred financing fees associated with our
    mortgage loans payable


660,000



386,000Amortization of deferred financing fees associated with our
    credit facility


353,000



95,000Amortization of debt discount/premium


(85,000
)


159,000Unused credit facility fees


358,000



54,000Total interest expense


10,346,000



8,876,000Net gain on change in fair value of derivative financial
    instruments


(504,000
)


(1,561,000
)Total interest expense and net gain on derivative financial
    instruments

$
9,842,000


$
7,315,000      40




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##### Table of Contents



Interest
    and Dividend Income
    Liquidity
    and Capital Resources
            Other
    Liquidity Needs
   41




---



##### Table of Contents



Cash
    Flows
        Distributions
   42




---



##### Table of Contents



Financing
   43




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##### Table of Contents



Mortgage
    Loans Payable, Net and Secured Real Estate Term Loan
    Revolving
    Credit Facility
    REIT
    Requirements
    Commitments
    and Contingencies
    Debt
    Service Requirements
       44




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##### Table of Contents



Off-Balance
    Sheet Arrangements
    Inflation
    Funds
    from Operations and Modified Funds from Operations
        Acquisition-related expenses:
 45




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##### Table of Contents



Transition-related charges:
      Three Months Ended March 31,2011





20102011


Per Share


2010


Per ShareNet income (loss)

$
2,190,000


$
0.01


$
(482,000
)

$
Add:Depreciation and amortization  consolidated properties


26,750,000



0.12



17,311,000



0.12Less:Net income attributable to noncontrolling interest of limited
    partners


(40,000
)






(64,000
)


Depreciation and amortization related to noncontrolling interests


(64,000
)






(51,000
)


FFO attributable to controlling interest

$
28,836,000






$
16,714,000FFO per share  basic and diluted





$
0.13






$
0.12Add:Acquisition-related expenses


1,062,000



0.01



3,224,000



0.02Transition-related charges










195,000



MFFO attributable to controlling interest

$
29,898,000






$
20,133,000MFFO per share  basic and diluted





$
0.14






$
0.14Weighted average common shares outstanding:Basic


214,797,450



214,797,450



145,335,661



145,335,661Diluted


214,996,502



214,996,502



145,335,661



145,335,661    46




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##### Table of Contents



Net
    Operating Income
      Three Months Ended March 31,2011


2010Net income (loss)

$
2,190,000


$
(482,000
)Add:General and administrative expenses


7,308,000



3,605,000Acquisition-related expenses


1,062,000



3,224,000Depreciation and amortization


26,750,000



17,311,000Interest expense and net gain on derivative financial instruments


9,842,000



7,440,000Less:Interest and dividend income


(118,000
)


(16,000
)Net operating income

$
47,034,000


$
31,082,000   Subsequent
    Events
    Item 3.
    Quantitative
    and Qualitative Disclosures About Market Risk.  Form 10-K,
    Expected Maturity Date2011

2012

2013

2014

2015

Thereafter

Total

Fair ValueFixed rate debt  principal payments

$
5,797,000


$
47,835,000


$
26,964,000


$
49,928,000


$
71,770,000


$
273,105,000


$
475,399,000


$
503,159,000Weighted average interest rate on maturing debt (based on rates
    in effect as of March 31, 2011)  fixed


6.01
%


6.38
%


5.81
%


6.43
%


5.39
%


6.07
%


6.02
%


Variable rate debt  principal payments

$
113,414,000


$
913,000


$
126,427,000


$
193,000


$
8,797,000


$



$
249,744,000


$
249,217,000Weighted average interest rate on maturing debt (based on rates
    in effect as of March 31, 2011)  variable


2.30
%


1.74
%


2.59
%


1.74
%


1.74
%






2.42
%


  47




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##### Table of Contents



Item 4.
    Controls
    and Procedures.    Rules 13a-15(e) 15d-15(e)
   48




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##### Table of Contents



PART II 
    OTHER INFORMATION  Item 1.
    Legal
    Proceedings.    Item 1A.
    Risk
    Factors.  Form 10-K,
    We may
    not have sufficient cash available from operations to pay
    distributions, and, therefore, distributions may be paid,
    without limitation, with borrowed funds.
        Stockholders
    may be unable to sell their shares because their ability to have
    shares repurchased pursuant to our amended and restated share
    repurchase plan has been limited.
   49




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##### Table of Contents



Item 2.
    Unregistered
    Sales of Equity Securities and Use of Proceeds.  Use of
    Public Offering Proceeds
          Purchases
    of Equity Securities by the Issuer and Affiliated
    Purchasers
   50




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##### Table of Contents



Maximum ApproximateTotal Number of Shares

Dollar ValuePurchased as Part of

of Shares that MayPublicly

Yet be PurchasedTotal Number of

Average Price

Announced

Under thePeriod

Shares Purchased

Paid per Share

Plan or Program(1)

Plans or Programs(2)January 1, 2011 to January 31, 2011


819,103


$
9.63



819,103


$
February 1, 2011 to February 28, 2011


2,004


$
9.50



2,004


$
March 1, 2011 to March 31, 2011


741


$
9.44



741


$
     (1)
    
    Our board of directors adopted a share repurchase plan effective
    September 20, 2006. Our board of directors adopted, and we
    publicly announced, an amended share repurchase plan effective
    August 25, 2008. On November 24, 2010, we amended and
    restated our share repurchase plan again effective
    January 1, 2011. From inception through March 31,
    2011, we had repurchased 8,109,867 shares of our common
    stock pursuant to our share repurchase plan. Our share
    repurchase plan does not have an expiration date but may be
    suspended or terminated at our board of directors
    discretion.(2)
    
    Repurchases under our share repurchase plan are subject to the
    discretion of our board of directors. The plan provides that
    repurchases are subject to funds being available and are limited
    in any calendar year to 5.0% of the weighted average number of
    shares of our common stock outstanding during the prior calendar
    year. The plan also provides that we will fund a maximum of
    $10 million of share repurchase requests per quarter,
    subject to available funding, and that funding for repurchases
    will come exclusively from and will be limited to proceeds we
    receive from the sale of shares under our DRIP during such
    quarter.  Item 3.
    Defaults
    Upon Senior Securities.    Item 4.
    Reserved.  Item 5.
    Other
    Information.    Item 6.
    Exhibits.  Form 10-Q) Form 10-Q.
 51




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##### Table of Contents



SIGNATURES    Healthcare Trust of America, Inc.(Registrant)May 16, 2011

By:

/s/ Scott D. PetersDate



Scott D. PetersChief Executive Officer, President, and Chairman (Principal
    executive officer)May 16, 2011

By:

/s/ Kellie S. PruittDate



Kellie S. PruittChief Financial Officer 
    (Principal financial officer and 
    Principal accounting officer)  52




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##### Table of Contents



EXHIBIT INDEX
        Regulation S-K,
  Form 10-Q Regulation S-K).
  3
.1

Fourth Articles of Amendment and Restatement (included as
    Exhibit 3.1 to the Companys Current Report on
    Form 8-K
    filed December 22, 2010 and incorporated herein by
    reference).3
.2

Bylaws of NNN Healthcare/Office REIT, Inc. (included as
    Exhibit 3.2 to the Companys Registration Statement on
    Form S-11
    (Commission File.
    No. 333-133652)
    filed on April 28, 2006 and incorporated herein by
    reference).3
.3

Amendment to the Bylaws of Grubb & Ellis Healthcare
    REIT, Inc., effective April 21, 2009 (included as
    Exhibit 3.4 to Post-Effective Amendment No. 11 to the
    Companys Registration Statement on
    Form S-11
    (File
    No. 333-133652)
    filed on April 21, 2009 and incorporated herein by
    reference).3
.4

Amendment to the Bylaws of Grubb & Ellis Healthcare
    REIT, Inc., effective January 1, 2011 (included as
    Exhibit 3.2 to the Companys Current Report on
    Form 8-K
    filed August 27, 2009 and incorporated herein by reference).10
.1

Healthcare Trust of America, Inc. Amended and Restated 2006
    Incentive Plan, dated February 24, 2011 (included as
    Exhibit 10.1 to our Current Report on
    Form 8-K
    filed March 2, 2011 and incorporated herein by reference).10
.2*

Amendment to the Healthcare Trust of America, Inc. 2006
    Independent Directors Compensation Plan, as amended.31
.1*

Certification of Chief Executive Officer, pursuant to
    Section 302 of the Sarbanes-Oxley Act of 200231
.2*

Certification of Chief Accounting Officer, pursuant to
    Section 302 of the Sarbanes-Oxley Act of 200232
.1**

Certification of Chief Executive Officer, pursuant to
    18 U.S.C. Section 1350, as created by Section 906
    of the Sarbanes-Oxley Act of 200232
.2**

Certification of Chief Accounting Officer, pursuant to
    18 U.S.C. Section 1350, as created by Section 906
    of the Sarbanes-Oxley Act of 2002     *
    
    Filed herewith.**
    
    Furnished herewith.