Tuesday, October 6, 2015

Griffin-American Healthcare REIT III Completes Acquisitions Totaling More Than $180 Million During the Third Quarter 2015

Danny Prosky
IRVINE, CA  - American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin- American Healthcare REIT III, Inc., announced the REIT completed the acquisition of nine healthcare buildings in five states, the United Kingdom and Isle of Man, as well as a collateralized debt instrument, for an aggregate purchase price of approximately $180 million during the third quarter of 2015. 

The acquisitions were comprised of six medical office buildings and three senior housing facilities.

“We continue to acquire accretive assets for the quickly growing portfolio of Griffin-American Healthcare REIT III,” said Danny Prosky, president, chief operating officer, interim chief financial officer and one of the largest stockholders of the REIT.

 “With these latest acquisitions, our portfolio is valued in excess of $1.1 billion, based on purchase price, and we have more than $1.0 billion in additional pending acquisitions that we expect to close in the coming months.”

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

Damon Elder                                                                         
 (949) 270-9207

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