Tuesday, August 13, 2013

Griffin-American Healthcare REIT II Reports Second Quarter 2013 Results

Generic photo -- not a property owned by Griffin-American Healthcare REIT II
NEWPORT BEACH, CA (Aug. 13, 2013) – Griffin-American Healthcare REIT II, Inc. today announced operating results for the company’s second quarter ended June 30, 2013. 

Jeff Hanson
“During the second quarter, Griffin-American Healthcare REIT II continued its rapid growth with the acquisition of 21 healthcare-related buildings for more than $141 million,” said Jeff Hanson, chairman and chief executive officer.

 “As a result of our continued expansion, funds from operations grew 232 percent, modified funds from operations grew 134 percent and net operating income grew 106 percent compared to the second quarter 2012.

“Additionally, we anticipate completing the acquisition of the previously announced £298.5 million, or approximately $447.8 million, UK Senior Housing Portfolio during the third quarter, at which point Griffin-American Healthcare REIT II would add an international presence to an already extensive national footprint, creating one of the largest and best diversified healthcare REITs in the world in terms of geography, revenue sources and asset types. ”

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

Damon Elder
SVP, 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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