NEWPORT BEACH, CA – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced today the acquisition of 14 medical office buildings in Florida, Texas, New Mexico, Hawaii, Indiana, Alabama, Illinois, Colorado and South Carolina by the REIT for an aggregate purchase price of $106.7 million.
The acquisitions were completed between May 22, 2012 and July 11, 2012. Currently, the portfolio of Griffin-American Healthcare REIT II totals 90 buildings valued at approximately $822 million, based on purchase price.
“We continue to identify attractive properties for the growing portfolio of Griffin-American Healthcare REIT II, which now owns properties in 25 states,” said Danny Prosky (top right photo), a principal of American Healthcare Investors and president and chief operating officer of the REIT.
“Most of these assets are either on the campus of, in close proximity to, or strongly affiliated with a major healthcare system, a characteristic we value when evaluating a potential acquisition on behalf of the REIT.”
For a complete copy of the company’s news release, please contact:
Damon Elder
Senior VP, Marketing & Communications
American Healthcare Investors
4000 MacArthur Boulevard
West Tower, Suite 200
Newport Beach, CA 92660
(949) 270-9207 direct
(714) 356-1460 cell
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