Wednesday, May 18, 2016

Griffin-American Healthcare REIT III Reports First Quarter 2016 Results

Jeff Hanson
 IRVINE, CA - Griffin-American Healthcare REIT III, Inc. announced operating results for the company’s first quarter ended March 31, 2016.

“During the first quarter, Griffin-American Healthcare REIT III completed approximately $90 million in investments, growing its consolidated portfolio to approximately $2.5 billion1 in value, of which we own approximately $2.1 billion2,” said Jeff Hanson, chairman and chief executive officer.

“While we have largely completed the portfolio construction phase of our strategic plan, we are in the process of completing more than $300 million3 in additional pipeline acquisitions that will further expand our diversified portfolio in the coming months.”

President and chief operating officer Danny Prosky added, “Our portfolio is now essentially built-out and matured. We are very pleased with the continued growth in our financial performance and the prospects for the future of Griffin-American Healthcare REIT III as we transition into the next phase of our strategic plan.”

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

Damon Elder
(949) 270-9207

No comments: