Shareholders of Healthcare Trust of America will receive $35.08 a share, including a special dividend, in a transaction with an enterprise value of about $17.6 billion.
Total returns for the FTSE Nareit All Equity Index were down 7.93 percent in the first month of 2022.
Cell towers have become a lucrative investment opportunity for real estate investors looking for alternative property sectors.
Every property sector posted double-digit gains during a strong year of recovery.