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| Jeff Hanson |
NEWPORT BEACH, CA– Griffin-American Healthcare REIT II, Inc.
today announced operating results for the company’s fourth quarter and year
ended Dec. 31, 2012.
“Griffin-American
Healthcare REIT II enjoyed another year of tremendous growth and impressive
accomplishments in 2012,” said Jeff Hanson, chairman and chief executive
officer.
“Not only did our
nationwide portfolio of healthcare-related real estate more than triple in size
based on aggregate purchase price compared to 2011, but as a result, important
financial metrics also grew exponentially.
“ Normalized modified funds from operations and net
operating income, for example, experienced growth of approximately 180 percent
and 148 percent, respectively, as compared to 2011 due to our significant
acquisition activity.
“ In addition, the company increased its investor
distribution rate twice during 2012, from an annualized $0.65 per share to an
annualized $0.66 per share in January and to an annualized $0.68 per share in
November.”
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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