 |
| Stefan Oh |
MADISON,
WI – American Healthcare Investors and Griffin Capital Company,
LLC, the co-sponsors of Griffin-American Healthcare
REIT IV, Inc., announced today the REIT has completed
the acquisition of the 254-bed, two-property Central Wisconsin Senior Care
Portfolio for approximately $22.6 million.
The
portfolio’s properties are located in the Madison suburbs of Waunakee and Sun
Prairie, Wisconsin.
Central
Wisconsin Senior Care Portfolio totals approximately 236,000 square feet of
skilled nursing, assisted living and independent living space.
Consulting
has operated 27 senior housing and skilled nursing facilities throughout the
Midwest and western United States.
 |
| William Mulligan |
“Additionally,
we believe this acquisition will provide Griffin-American Healthcare REIT IV
and our investors with greater value as our chosen operator, Integro Healthcare
Consulting, has an established history of enhancing both patient care and
financial performance at the facilities under their administration since their
founding more than 14 years ago.”
Central
Wisconsin Senior Care Portfolio was acquired from Waunakee Manor, a Limited
Partnership and Sun Prairie Associates Limited Partnership, unaffiliated third
parties represented by William Mulligan, Nicholas Glaisner and Ashley Wilkens
of Ziegler Investment Banking.
For
more information, please contact:
Lauren
Burgos
Spotlight
Marketing Communications, Inc.
265
S. Anita Drive, Suite 250
Orange,
California 92868
(949)
427-5172 ext. 704 direct
(408)
206-1106 cell
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