Griffin-American Healthcare REIT IV Enters Agreement to Acquire Portfolio of Skilled Nursing Facilities in Missouri for $88.2 Million

Stefan Oh

ST. LOUIS, MO – American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced the REIT has entered into an agreement to acquire a portfolio of skilled nursing facilities located throughout the state of Missouri for $88.2 million.

The acquisition is subject to customary closing conditions and the satisfaction of other requirements as detailed in the agreement, and therefore, no assurance can be given regarding the closing of this acquisition.

 Missouri Skilled Nursing Facility Portfolio is comprised of eight properties totaling 1,112 licensed beds and approximately 384,000 square feet.

The portfolio will be 100 percent leased under a 15-year absolute net lease with two 10-year renewal options and with annual rent escalators tied to the consumer price index with a floor of 2 percent and a cap of 3 percent.

 “This portfolio of skilled nursing facilities adds greater diversification to the Griffin-American Healthcare REIT IV portfolio in terms of geography, asset class and revenue,” said Stefan Oh, executive vice president of acquisitions for American Healthcare Investors and Griffin-American Healthcare REIT IV.

“This potential acquisition is especially attractive as the portfolio is comprised of well-performing skilled nursing facilities in desirable locations that are subject to a long-term absolute net lease.”

For more information, please contact:

Damon Elder
Spotlight Marketing Communications
(949) 427-5172 ext. 702
damon@spotlightmarcom.com