NEWPORT BEACH, CA. (May 14, 2012) - Griffin-American Healthcare REIT II, Inc. today announced operating results for the company's first quarter ended March 31, 2012."Griffin-American Healthcare REIT II acquired 16 buildings valued at $232.8 million, based on purchase price, during the first quarter of 2012, representing portfolio expansion of more than 53 percent during the quarter," said Danny Prosky (top right photo), president and chief operating officer.
"As a result of this expansion, important financial metrics, such as modified funds from operations and net operating income, experienced year-over-year growth of approximately 263 percent and 221 percent, respectively, as compared to the first quarter of 2011."
For a complete copy of the company’s news release, please contact:
Damon Elder
(949) 270-9207
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