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| Dan Prosky |
Kansas City, MO – American Healthcare Investors and Griffin
Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III,
Inc., announced the REIT has entered into an agreement to acquire Lee’s
Summit Medical Office Building, an approximately 39,000-square-foot,
multi-tenant medical office building in the affluent Kansas City suburb of
Lee’s Summit, Missouri.
The acquisition is subject to customary closing conditions
and the satisfaction of other requirements as detailed in the agreement.
Located at 301
Northeast Mulberry, Lee’s Summit Medical Office Building is 89 percent
leased to multiple tenants, including Diagnostic Imaging Centers, Saint Luke’s
East Hospital and Ostetrix Medical Group. Built in 2007, the Class A building
is less than half-a-mile away from the 141-bed Saint Luke’s East Hospital and
within 10 miles of three other area hospitals.
“Lee’s Summit
Medical Office Building is a modern facility with desirable tenancy and a
premier location in a growing and affluent metro region,” said Dan Prosky,
a principal of American Healthcare Investors and president and chief operating
officer of Griffin-American Healthcare REIT III.
“With the local hospital
as a significant tenant, this building will be an excellent addition to the
quickly growing portfolio of Griffin-American Healthcare REIT III.”
For a complete
copy of the company’s news release, please contact:
Damon Elder
(949) 270-9207
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