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| Danny Prosky |
DETROIT, MI – American
Healthcare Investors and Griffin Capital Corporation, the co-sponsors of
Griffin-American Healthcare REIT IV, Inc., announced the REIT has entered into
an agreement to acquire Rochester Hills
Medical Office Building, an approximately 30,000-square-foot medical office
building in the Detroit suburb of Rochester Hills, Michigan, from an
unaffiliated third party.
The acquisition is subject
to customary closing conditions and the satisfaction of other requirements as
detailed in the agreement.
“Strategically located in
close proximity to two major hospitals, in an affluent community and anchored
by the state’s largest health system, Rochester Hills Medical Office Building
is an ideal acquisition for Griffin-American Healthcare REIT IV,” said Danny Prosky, a principal of American
Healthcare Investors and president and chief operating officer of
Griffin-American Healthcare REIT IV.
“Excellent location and exceptional tenants
are the keys to successful real estate investment, and we couldn’t be more
pleased to move forward with the acquisition of Rochester Hills Medical Office
Building.”
For a
complete copy of the company’s news release, please contact:
Damon Elder
SVP, Marketing &
Communicatons
American Healthcare
Investors, LLC
18191 Von Karman Ave.,
Third Floor
Irvine, California 92612
(949) 270-9207 direct
(714) 356-1460 mobile
delder@ahinvestors.com
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