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| Danny Prosky |
IRVINE, CA (Jan. 16, 2015) – American Healthcare Investors
and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare
REIT III, Inc., announced today that the REIT recently completed the
acquisition of 19 healthcare properties for an aggregate purchase price of
approximately $340 million.
The acquisitions were comprised of 17 medical
office buildings, an acute care hospital and a senior housing facility.
“These latest acquisitions represent high-quality assets
leased by very strong tenants and operators with whom we look forward to
sharing mutually rewarding business partnerships,” said Danny Prosky,
president, chief operating officer and one of the largest stockholders of the
REIT.
“They also add tremendous
diversification to our rapidly growing portfolio.”
Additionally, the REIT has announced that it has executed
letters of intent and/or purchase and sale agreements to acquire 31 additional
healthcare properties for an aggregate purchase price of approximately $530
million. These pending acquisitions are subject to customary closing conditions
and the satisfaction of other requirements as detailed in the agreements.
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| Jeff Hanson |
“We couldn’t be more pleased with the rate at which we’re
achieving size and scale in an institutional-grade portfolio while continuing
to demonstrate the discipline that our stockholders have grown to expect from
us,” said Jeff Hanson, chairman, chief executive officer and one of the
largest stockholders of the REIT.
“We
began acquiring properties in June 2014 and are on the cusp of owning a
portfolio valued at nearly $1.0 billion (based on aggregate acquisition price,
including pending acquisitions).”
For a complete copy of the company’s news release, please
contact:
Damon Elder
(949) 270-9207
