{
  "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": 16,
  "pageCount": 39,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 6,
  "notes": "The slide uses a callout box to synthesize the narrative of deep-seated conflicts between Thompson and Peters.",
  "elementsJson": [
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    "bullet_list",
    "callout_box"
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  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-6c161919ee4d/16",
  "deckHref": "/decks/019dd923-622c-750b-8b98-6c161919ee4d",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-6c161919ee4d.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-6c161919ee4d#slide-16",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.16,
        "x": 0.82,
        "y": 0.3
      },
      "kind": "callout",
      "text": "The non-arm's length transactions of Tony Thompsons' (wholly owned companies) with both Grubb & Ellis and Triple Net Properties illustrate the deep inner workings between Thompson and Peters",
      "attrs": null,
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      "bbox": {
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      },
      "kind": "callout",
      "text": "Tony Thompson, a man now barred by Finra and blasted by shareholders when involved with Strategic Realty Trust, was part of numerous agreements that were NOT arm's length transactions with Scott Peters' lead entities.",
      "attrs": null,
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      "bbox": {
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      "kind": "list",
      "text": "The following formation transactions were entered into in connection with the 144A offering in November 2006 and were not negotiated at arm's length: TNP Merger Sub, LLC... The Company entered into a contribution agreement with Mr. Thompson and Mr. Rogers... The Company entered into a contribution agreement with Mr. Thompson, Mr. Rogers and Mr. Hull...",
      "attrs": null,
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      "kind": "paragraph",
      "text": "Since the Company's inception in 1998, Mr. Thompson has routinely provided personal guarantees... Cunningham Lending Group LLC... The Company has made advances totaling $3.6 million and $3.3 million... In February 2005, the Company advanced approximately $91,000...",
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        "h": 0.02,
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        "x": 0.01,
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      },
      "kind": "source-note",
      "text": "Source: Grubb and Ellis S-4",
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      "bbox": {
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      "kind": "title",
      "text": "Evidence of Past Conflicted Related-Party Transactions With A FINRA Barred Member",
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  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "96caae23-99b1-4dc9-aa51-874394d24401",
      "evidence": "The slide explicitly links a barred individual to non-arm's length transactions to demonstrate governance failure.",
      "confidence": 0.9
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  ],
  "arcBeats": [
    {
      "to": 16,
      "from": 10,
      "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": [
    {
      "to": 16,
      "from": 10,
      "name": "Tale Two Worlds",
      "slug": "04-tale-two-worlds",
      "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,
      "description": "Show the gap between two states to drive urgency or highlight opportunity"
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  "locked": true
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