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| Danny Prosky |
NEWPORT BEACH, CA– American Healthcare Investors and Griffin
Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II,
Inc., announced today the acquisition of five medical office buildings by the
REIT for an aggregate purchase price of approximately $47 million.
The acquired
buildings are located in Greeley, Colorado; Ruston, Louisiana; and Abilene,
Texas.
Currently, the REIT’s portfolio totals 148 buildings valued
at approximately $1.4 billion, based on purchase price, diversified across 27
states. Since Jan. 1, 2012, the
portfolio has grown by approximately 213 percent, based on purchase price.
As of Sept. 30, 2012, the Griffin-American Healthcare REIT
II property portfolio was 96.8 percent leased with a weighted average remaining
lease term of approximately 9.4 years and leverage (total debt divided by total
assets) of 32.8 percent.
“Since the beginning of 2012, our nationwide portfolio of
medical office buildings, hospitals, skilled nursing facilities and assisted
living facilities has more than tripled, based on aggregate acquisition price,”
said Danny Prosky, a principal of American Healthcare Investors and
president and chief operating officer of the REIT.
“With each
acquisition, Griffin-American Healthcare REIT II becomes more broadly
diversified as we execute our strategic plan to build a well-balanced portfolio
of clinical healthcare-related real estate.”
For a complete copy of the company’s news release, please
contact:
Damon Elder
Senior VP, Marketing & Communications
American Healthcare Investors
4000 MacArthur Boulevard
West Tower, Suite 200
Newport Beach, CA 92660
(949) 270-9207 direct
(714) 356-1460 cell
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