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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 the acquisition of five medical office buildings by the REIT
for an aggregate purchase price of approximately $46 million.
The acquired
buildings are near Denver, Colorado; Atlanta, Georgia; Indianapolis, Indiana;
and Detroit, Michigan.
The REIT’s portfolio currently totals 153 buildings valued
at approximately $1.42 billion, based on purchase price, diversified across 28
states and all four clinical asset classes: medical office buildings, skilled
nursing facilities, hospitals and assisted living facilities.
Since Jan. 1, 2012, the portfolio has grown by approximately
223 percent, based on purchase price.
As of Dec. 31, 2012, the Griffin-American Healthcare REIT II property
portfolio was 96.6 percent leased with a weighted average remaining lease term
of approximately 9.5 years and leverage (total debt divided by total assets) of
32.9 percent.
“A key component of our acquisition strategy for
Griffin-American Healthcare REIT II is to purchase quality medical office
buildings that are located on or near thriving hospital campuses and that enjoy
strong affiliations with the nation’s best performing healthcare delivery
systems,” explained Danny Prosky, a principal of American Healthcare
Investors and president and chief operating officer of the REIT.
“Each of these
acquisitions meet these high standards and further strengthen our balanced
portfolio of clinical healthcare real estate assets.”
For a complete copy of the company’s news release, please
contact:
Damon Elder
SVP, Marketing & Communications
American Healthcare Investors
(949) 270-9207 direct
(949) 356-1460 cell
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