Done Deals: Mathieu Streiff Joins American Healthcare Investors as Principal

Wednesday, November 30, 2011

Mathieu Streiff Joins American Healthcare Investors as Principal

NEWPORT BEACH, CA– American Healthcare Investors, a commercial real estate investment firm that specializes in the acquisition and management of healthcare-related properties, announced today that Mathieu Streiff (top right photo) has joined the company as a principal.

“Matt offers a rare blend of sharp legal intellect with extensive real estate investment expertise and operational know-how,” said Jeff Hanson (middle left photo), principal of American Healthcare Investors. “His insight and experience will provide immeasurable value to our company and investors.”

Streiff previously served as executive vice president and general counsel of Grubb & Ellis Company, where he oversaw all legal matters for the company, including risk mitigation initiatives, corporate structuring and compliance, as well as legal strategy.

Prior to his appointment as general counsel, Streiff served as senior vice president of investment operations and chief real estate counsel for Grubb & Ellis’ investment management subsidiary.

In this role, he was responsible for all real estate-related legal matters, and directly oversaw the operations of the company’s public, private, and institutional investment vehicles, including acquisitions, dispositions, and structured finance functions across a diverse range of investment offerings.

Streiff previously served as an associate in the real estate department of Latham & Watkins LLP in New York, where he represented principals, developers and lenders in structuring commercial real estate transactions. Streiff earned a juris doctorate from Columbia University and a bachelor’s degree from the University of California, Berkeley.

“American Healthcare Investors represents a reunion of the senior executive team that launched Grubb & Ellis Healthcare REIT II, established its investment strategy, and is responsible for its industry-leading performance,” said Streiff.

“Our team has established itself as the premier manager of healthcare-focused non-traded REITs in the industry, a strong track record we are excited to further enhance as we maintain our singular focus on building stockholder value.”

American Healthcare Investors has established a joint venture with Griffin Capital Corporation and affiliates to advise and manage Grubb & Ellis Healthcare REIT II, a publicly registered non-traded real estate investment trust that currently owns a portfolio of healthcare properties valued in excess of $430 million and seeks to raise up to $3.0 billion in equity capital. The REIT will be renamed Griffin-American Healthcare REIT II in the coming weeks.

On Nov. 8, the independent members of the REIT’s board of directors announced that it had elected to replace Grubb & Ellis as sponsor with American Healthcare Investors and Griffin Capital as co-sponsors. It also appointed Griffin Capital Securities as replacement dealer-manager.

Hanson, Streiff and Danny Prosky (middle right photo), the third principal of American Healthcare Investors, have completed in excess of $15 billion in aggregate acquisition and disposition transactions during their careers in commercial real estate investment, $5.0 billion of which has been healthcare-related real estate transactions. Approximately $8.0 billion of the $15 billion was completed as a team while they led Grubb & Ellis’ investment management subsidiary for more than half a decade, from 2006 through 2011.