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| Generic photo -- not a property owned by Griffin-American Healthcare REIT II |
NEWPORT BEACH, CA (Aug. 13, 2013) – Griffin-American
Healthcare REIT II, Inc. today announced operating results for the company’s
second quarter ended June 30, 2013.
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| Jeff Hanson |
“During the second
quarter, Griffin-American Healthcare REIT II continued its rapid growth with
the acquisition of 21 healthcare-related buildings for more than $141 million,”
said Jeff Hanson, chairman and chief executive officer.
“As a result of our
continued expansion, funds from operations grew 232 percent, modified funds
from operations grew 134 percent and net operating income grew 106 percent
compared to the second quarter 2012.
“Additionally, we anticipate completing the acquisition of
the previously announced £298.5 million, or approximately $447.8 million, UK
Senior Housing Portfolio during the third quarter, at which point
Griffin-American Healthcare REIT II would add an international presence to an
already extensive national footprint, creating one of the largest and best
diversified healthcare REITs in the world in terms of geography, revenue
sources and asset types. ”
For a complete
copy of the company’s news release, please contact:
Damon Elder
SVP, 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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