{
  "docId": "019dd923-622c-750b-8b98-6c161919ee4d",
  "docSlug": "090aa5466284",
  "documentTitle": "Healthcare Trust of America, Inc. (HTA)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-06-07 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 15,
  "pageCount": 39,
  "prevPage": 14,
  "nextPage": 16,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Uses red boxes to highlight specific directors with problematic historical ties to the CEO.",
  "elementsJson": [
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  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-6c161919ee4d/15",
  "deckHref": "/decks/019dd923-622c-750b-8b98-6c161919ee4d",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-6c161919ee4d.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-6c161919ee4d#slide-15",
  "components": [
    {
      "bbox": {
        "h": 0.22,
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        "x": 0.79,
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      },
      "kind": "callout",
      "text": "W. Bradley Blair II, lead independent director, was the co-founder of Golf Trust of America which ended up liquidating after lease defaults. Scott Peters was the former CFO and director of Golf Trust of America",
      "attrs": null,
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      "kind": "callout",
      "text": "Gary T. Wescombe, independent director, is the chairman of G REIT Liquidating Trust (trust created to liquidate the properties of G REIT). Scott Peters was the former CEO and president of G REIT",
      "attrs": null,
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    {
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      "kind": "callout",
      "text": "We question the independence given the direct linkages to Scott Peter's past corporate failures.",
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      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
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      "kind": "paragraph",
      "text": "We question the independence given the direct linkages to Scott Peter's past corporate failures. In 2018 HTA implemented a retirement age of 78 (with a two year transitional period) for Board members. With DeWald and Fix the first two Directors to retire, we worry about the potential for greater influence by Blair and Wescombe",
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      "kind": "source-note",
      "text": "Source: Company filings",
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      "kind": "table",
      "text": "Table listing board members, their ages, titles, and connectivity to Scott Peters.",
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      "kind": "title",
      "text": "Board of Directors Are Also Connected To Past Failures of Scott Peters",
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  "metrics": [],
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  "frameworks": [
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      "name": "antagonist-introduction",
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      "matchId": "4d924d4e-8c26-4b27-a3f2-8388ed763a31",
      "evidence": "Highlights connections between board members and CEO's past failures to undermine credibility.",
      "confidence": 0.9
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  "arcBeats": [
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      "beatId": "b5cbe35a-6712-428e-8d85-c3b576ac795b",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Monster",
      "beatSlug": "overcoming-monster-the-monster",
      "evidence": "The sections on CEO Scott Peters and his relationships, as well as the tables and charts exposing contradictions in HTA's narrative, reveal the 'monster' of accounting irregularities.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Hook",
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  "loops": [
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      "name": "Tale Two Worlds",
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      "bestFor": "Competitive analysis, benchmarking, case for change",
      "matchId": "cde73ef4-cc5b-4311-b350-956b297f4f8c",
      "evidence": "The deck presents two worlds: the one HTA wants investors to believe, and the actual reality of its accounting practices and CEO's relationships.",
      "position": 0,
      "objective": "to contrast the narrative presented by HTA with the reality of its CEO's relationships and accounting practices",
      "structure": "Current State -> Desired State / Benchmark -> The Gap & Implication",
      "confidence": 0.7,
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  "locked": true
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