Restoring the Trust

Elliott Sends Second Letter to Healthcare Trust of America’s Board
Highlighting Shareholder Feedback, Urging Sale

Letter to the Board

November 2, 2021

Dear Mr. Blair, Mr. Foss, and Members of the Board:

We write to you on behalf of Elliott Investment Management L.P. and affiliates (together “Elliott” or “we”). Elliott has a substantial investment in Healthcare Trust of America, Inc. (“HTA” or the “Company”), making us one of HTA’s largest investors.

We are writing to share publicly the feedback that we have received following the release of our October 11 letter to the Board — feedback we have shared privately with you — and to request more clarity regarding the Board’s process for evaluating strategic alternatives, including the active solicitation of bids for the Company. The Company’s upcoming third quarter earnings call presents a natural opportunity to announce a formal process, clarify the mandate of the Company’s previously announced financial advisor and legal counsel, and demonstrate that the Board is acting in good faith and being responsive to what shareholders clearly want. On that call, the Board must be prepared to answer the following key questions:

  1. Is the Company currently conducting a robust strategic review process, including the active solicitation of bids for the Company? If not, why not?
  2. What are the mandates of the Company’s previously announced financial and legal advisors? Do these mandates include a sale process involving the active solicitation of bids for the Company?

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