Tuesday, October 10, 2017

Griffin-American Healthcare REIT IV Acquires Connecticut Medical Office Building Portfolio


 
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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