 |
| Stefan Oh |
SAN FRANCISCO, CA –
American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors
of Griffin-American Healthcare REIT IV, Inc., announced the REIT has completed
the acquisition of the first of two tranches of the total 327-unit,
eight-facility Northern California Senior Housing Portfolio, with properties
acquired in the first tranche located in the Northern California communities of
Belmont, Fairfield, Menlo Park and Sacramento.
The second tranche,
comprised of senior housing facilities in Napa and Sonoma, California, is
expected to close later this year, but is subject to customary closing
conditions and the satisfaction of other requirements as detailed in the
respective acquisition agreements, and therefore, no assurances can be given
that the second tranche will close within this timeframe or at all.
"The addition of the
initial tranche of Northern California Senior Housing Portfolio further
diversifies the growing Griffin-American Healthcare REIT IV portfolio both
geographically and from an asset mix perspective,” said Stefan Oh, executive vice president of acquisitions for American
Healthcare Investors and Griffin-American Healthcare REIT IV.
“It also strengthens our relationship with
Colonial Oaks, which also leases a senior housing portfolio in Lafayette,
Louisiana owned by the REIT.”
For a complete copy of the company’s new release,
please contact:
Damon Elder
Spotlight Marketing
Communications
(949) 427-5172 ext. 702
No comments:
Post a Comment