Scottsdale-based Healthcare Trust of America Inc. has announced  the pricing of its underwritten public offering of 5.2 million shares of its common stock at a price of $28.90 per share. 

HTA, a publicly traded real estate investment trust, will receive about $150 million of gross proceeds before deducting underwriting discounts and commissions, and estimated offering expenses. The company has granted the underwriters a 30-day option to purchase up to 780,000 additional shares of its common stock.

HTA intends to use net proceeds from the offering for general corporate purposes, including using it for working capital, funding a portion of pending real estate acquisitions and repayment of debt. 

The closing is expected to occur on or about April 11, subject to customary closing conditions.

Wells Fargo Securities and J.P. Morgan are acting as the joint book-running managers for the offering.

HTA  acquires, owns and operates medical office buildings. Over the last nine years, through the end of 2015, the company has invested $3.6 billion in medical office buildings and other healthcare assets comprising 15.5 million square feet across 28 states. It is listed on the New York Stock Exchange as HTA.