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| Danny Prosky |
IRVINE, CA - American Healthcare Investors and Griffin
Capital Corporation, the co-sponsors of Griffin- American Healthcare REIT III,
Inc., announced the REIT completed the acquisition of nine healthcare buildings
in five states, the United Kingdom and Isle of Man, as well as a collateralized
debt instrument, for an aggregate purchase price of approximately $180 million
during the third quarter of 2015.
The acquisitions were
comprised of six medical office buildings and three senior housing facilities.
“We continue to acquire
accretive assets for the quickly growing portfolio of Griffin-American Healthcare
REIT III,” said Danny Prosky,
president, chief operating officer, interim chief financial officer and one of
the largest stockholders of the REIT.
“With these latest acquisitions, our portfolio
is valued in excess of $1.1 billion, based on purchase price, and we have more
than $1.0 billion in additional pending acquisitions that we expect to close in
the coming months.”
For a complete copy of the company’s news release,
please contact:
Damon Elder
(949) 270-9207
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