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| Jeff Hanson |
IRVINE, CA - Griffin-American
Healthcare REIT III, Inc. announced operating results for the company’s first
quarter ended March 31, 2016.
“During the first quarter,
Griffin-American Healthcare REIT III completed approximately $90 million in
investments, growing its consolidated portfolio to approximately $2.5 billion1
in value, of which we own approximately $2.1 billion2,” said Jeff Hanson, chairman and chief
executive officer.
“While we have largely
completed the portfolio construction phase of our strategic plan, we are in the
process of completing more than $300 million3 in additional pipeline
acquisitions that will further expand our diversified portfolio in the coming
months.”
President and chief
operating officer Danny Prosky
added, “Our portfolio is now essentially built-out and matured. We are very
pleased with the continued growth in our financial performance and the
prospects for the future of Griffin-American Healthcare REIT III as we
transition into the next phase of our strategic plan.”
For a complete copy of the company’s news release,
please contact:
Damon Elder
(949) 270-9207
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