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| Stefan Oh |
BRIDGEPORT, CO — American
Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of
Griffin-American Healthcare REIT IV, Inc., announced the REIT has acquired Fairfield County Medical Office Building
Portfolio, comprised of two medical office buildings located in the Bridgeport,
Connecticut suburbs of Stratford and Trumbull.
The approximately
80,000-square-foot Fairfield County Medical Office Building Portfolio is
currently 94.6 percent leased to 15 tenants with an average remaining lease
term of more than seven years.
The portfolio is anchored by affiliates of
Advanced Radiology Consultants, which occupy an aggregate of approximately 29
percent of the leasable space and have recently executed new agreements to
extend their leases to 2029.
Both buildings are located
in the midst of thriving medical corridors along the “Gold Coast” of southern
Connecticut and include tenancy by Northeast Medical Group, Inc. and St.
Vincent’s Multispecialty Group, Inc., subsidiaries of Yale New Haven Health and
Ascension Health, respectively, which are two of the region’s strongest health
systems.
Additionally, the 383-bed
Bridgeport Hospital, owned and operated by Yale New Haven Health, is located
approximately two miles from the Stratford building.
“Fairfield County Medical
Office Building Portfolio is located in a prosperous region of the country with
a significant demand for healthcare services,” said Stefan Oh, executive vice president of acquisitions for American
Healthcare Investors and Griffin-American Healthcare REIT IV.
For more information on
this press release, please contact
Contact: Damon Elder
Spotlight Marketing
Communications
(949) 427-5172 ext. 702
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