Sunday, June 26, 2016

Griffin-American Healthcare REIT IV Enters Agreement to Acquire Rochester Hills Medical Office Building Near Detroit

Danny Prosky
DETROIT, MI – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced the REIT has entered into an agreement to acquire Rochester Hills Medical Office Building, an approximately 30,000-square-foot medical office building in the Detroit suburb of Rochester Hills, Michigan, from an unaffiliated third party.

The acquisition is subject to customary closing conditions and the satisfaction of other requirements as detailed in the agreement. 

“Strategically located in close proximity to two major hospitals, in an affluent community and anchored by the state’s largest health system, Rochester Hills Medical Office Building is an ideal acquisition for Griffin-American Healthcare REIT IV,” said Danny Prosky, a principal of American Healthcare Investors and president and chief operating officer of Griffin-American Healthcare REIT IV.

 “Excellent location and exceptional tenants are the keys to successful real estate investment, and we couldn’t be more pleased to move forward with the acquisition of Rochester Hills Medical Office Building.”

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

Damon Elder
SVP, Marketing & Communicatons
American Healthcare Investors, LLC
18191 Von Karman Ave., Third Floor
Irvine, California 92612

(949) 270-9207 direct
(714) 356-1460 mobile

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