Tuesday, October 2, 2012

$1 Billion Milestone Reached by Griffin-American Healthcare REIT II



Danny Prosky
NEWPORT BEACH, CA – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced the acquisition of three Los Angeles-area hospitals and three medical office buildings located in Frisco,Texas and Jasper, Georgia by the REIT for an aggregate purchase price of approximately $108.7 million. 

 With the completion of these latest acquisitions, the REIT’s portfolio totals 121 buildings valued at approximately $1.1 billion, based on purchase price, diversified across 26 states. 

Since Jan. 1, 2012, the portfolio has grown by approximately 149 percent, based on purchase price, while maintaining leverage of approximately 27 percent (total debt divided by total assets), as of August 15, 2012, among the lowest in the non-traded REIT industry, according to independent research provided by Blue Vault Partners, LLC.

“Reaching the $1 billion mark in aggregate portfolio value, based on purchase price, is a key milestone for Griffin-American Healthcare REIT II,” said Danny Prosky, a principal of American Healthcare Investors and president and chief operating officer of the REIT.

  “Size and scale can be very important in terms of real estate portfolio operations, efficiency and potential enhanced value of the REIT as a whole.  The REIT has now grown to the size where it is one of the largest and most significant owners of healthcare-related real estate in the country.”

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

 Damon Elder
SVP, Marketing & Communications
American Healthcare Investors
(949) 270-9207 direct
(714) 356-1460 cell




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