ATLANTA-Grubb & Ellis Healthcare REIT has agreed to acquire Southern Skilled Nursing Facility Portfolio for $166.5 million. The portfolio includes 10 skilled nursing facilities in Alabama, Georgia, Louisiana and Tennessee. Grubb expects the deal to close in the next 30 to 60 days.

The Southeastern Skilled Nursing Facility Portfolio spans nearly 460,000 square feet and 1,364 beds. The facilities range in size from 20,000 square feet to 82,000 square feet, with an average size of 46,000 square feet. Built between 1969 and 1999, the 10 buildings are master leased through 2026 by Wellington Healthcare Services LP.

Danny Prosky, president and COO of Grubb & Ellis Healthcare REIT, called the acquisition an ideal one for his firm. “Upon completion, this major acquisition will be accretive to our bottom line and will support our investor distribution,” Prosky said in a statement. “Additionally, the facilities are strategically clustered in states with attractive demographics and will be fully occupied for the next 15 years by a highly respected and successful operator.”