Wednesday, August 15, 2012

Griffin-American Healthcare REIT II Reports Second Quarter 2012 Results

  

 NEWPORT BEACH, CA– Griffin-American Healthcare REIT II, Inc. announced operating results for the company’s second quarter ended June 30, 2012. 

“Griffin-American Healthcare REIT II acquired 17 healthcare-related buildings for $144.5 million during the second quarter of 2012, representing portfolio expansion of more than 21 percent during the quarter, based on purchase price,” said Danny Prosky (top right photo), president and chief operating officer.

 “As a result of this growth, important financial metrics, such as modified funds from operations and net operating income, experienced year-over-year growth of approximately 188 percent and 148 percent, respectively, as compared to the second quarter of 2011.
 
“Including acquisitions completed subsequent to the close of the second quarter, the portfolio of Griffin-American Healthcare REIT II has nearly doubled in value since January 1, 2012, based on purchase price.”

For a complete copy of the company’s news release and statistics, please contact:

Damon Elder
(949) 270-9207

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