When Healthcare Trust of America (HTA) listed on the NYSE back in June 2012, it split its existing shares into four classes of equal size (here is my article on HTA when the company listed). The first class was eligible to trade at the listing, with the remaining shares coming "unlocked" and eligible to trade every six months thereafter.
This staged process has provided the company with time to introduce HTA to institutional investors and research analysts, demonstrate the strength and performance of its portfolio over four reporting periods, and access lower cost capital to grow in an accretive manner.
On its one year anniversary today, HTA is positioned well in the public...
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