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| Bellaire Medical Center, Houston, TX |
NEWPORT BEACH, CA – American Healthcare Investors and
Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare
REIT II, Inc., announced the acquisition of Bellaire Medical Center in
Houston and a three-building portfolio of senior care facilities in
Massachusetts by the REIT for an aggregate purchase price of approximately
$47.6 million.
Currently, the
REIT’s portfolio totals 125 buildings valued at approximately $1.14 billion,
based on purchase price, diversified across 27 states. Since Jan. 1, 2012, the portfolio has grown
by approximately 160 percent, based on purchase price.
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| Danny Prosky |
As of Sept. 30, 2012, the Griffin-American Healthcare REIT
II property portfolio was 96.8 percent leased with a weighted average remaining
lease term of approximately 9.4 years and leverage (total debt divided by total
assets) of 32.8 percent.
“These latest
acquisitions further expand and diversify the portfolio of Griffin-American
Healthcare REIT II, which has nearly tripled in size since the start of 2012,
based on aggregate purchase price,” said Danny Prosky, a principal of
American Healthcare Investors and president and chief operating officer of the
REIT.
“Our portfolio represents a broad spectrum of clinical
healthcare real estate – medical office buildings, hospitals, skilled nursing facilities
and assisted living facilities.”
For a complete copy of the company’s new 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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