Griffin-American Healthcare REIT II Completes $541 Million in December Acquisitions, Totaling $1.5 Billion in 2013

Jeff Hanson

IRVINE, CA (Jan. 7, 2014) – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced today the completion of multiple acquisitions during December 2013 totaling approximately $541.3 million.

 In total, the REIT completed approximately $1.5 billion in acquisitions during the year, and now owns a diverse portfolio of healthcare real estate valued at approximately $2.8 billion, based on aggregate purchase price, located throughout the United States and the United Kingdom.

 “We launched Griffin-American Healthcare REIT II in 2009 with the strategic goal of building a diverse, institutional-quality portfolio of clinical healthcare real estate assets,” said Jeff Hanson, chairman and chief executive officer of Griffin-American Healthcare REIT II. 

“Today, less than four years since we acquired our first property, we own a significant and well-diversified portfolio that is positioned for additional growth in 2014 and beyond.”

Dan Protsky

Dan Prosky, president and chief operating officer, added, “Our rapid portfolio growth has been accompanied by superior performance, as we have established consistent operating metrics that compare favorably with those of our publicly traded healthcare REIT peers.”

Griffin-American Healthcare REIT II’s most recent acquisitions, completed between Dec. 12, 2013 and Dec. 23, 2013, include:

• Central Indiana Medical Office Building Portfolio II – Indianapolis, Indiana
• Kennestone East Medical Office Building Portfolio – Marietta, Georgia
• Dux Medical Office Building Portfolio – Indiana, Michigan, Ohio and Texas
• Midwest Continuing Care Retirement Community Portfolio – Colorado Springs, Colorado; Lincolnwood, Illinois; and Cincinnati, Ohio
• 155 Crystal Run NY Medical Office Building – Middletown, New York
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• Griffin-American Healthcare REIT II financed the acquisitions using cash on hand and $68 million in borrowings under its unsecured line of credit with Bank of America, N.A.

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

Damon Elder                                                                                       

(949) 270-9207

delder@ahinvestors.com