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| Dan Prosky |
ATLANTA, GA – American Healthcare Investors and Griffin
Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III,
Inc., announced today that the REIT has acquired DeKalb Professional Center,
an approximately 19,000-square-foot medical office building in the Atlanta
suburb of Lithonia.
Located at 5461
Hillandale Drive, DeKalb Professional Center is in the midst of a thriving
medical corridor approximately one mile from DeKalb Medical Hillandale, a
100-bed acute care hospital.
Built in 2008, the medical office building is 81 percent
leased to four tenants, including RMS Lifeline and The Emory Clinic, which
combine to lease approximately 60 percent of the building’s rentable space
through 2018. In total, the weighted
average remaining lease term for the building is more than six-and-a-half
years.
“DeKalb Professional Center was built in 2008 and is a
modern medical office building located in close proximity to a premier hospital
in a thriving community,” said Dan Prosky, a principal of American
Healthcare Investors and president and chief operating officer of
Griffin-American Healthcare REIT III.
DeKalb Professional
Center was acquired from McWhirter Realty Partners, LLC, an unaffiliated third
party represented by CBRE’s Lee Asher and Chris Bodnar. Griffin-American Healthcare REIT III
financed the acquisition using cash on hand.
For a complete copy of the company’s news release, please
contact:
Damon Elder
(949) 270-9207
