G&E Healthcare REIT II Transitions Co-Sponsors

SANTA ANA, CA-The independent members of the board of directors of Grubb & Ellis Healthcare REIT II Inc. revealed that they have elected to transition the existing advisory and dealer-manager arrangements from Grubb & Ellis Co. and its affiliates in favor of co-sponsorship by Newport Beach, CA-based American Healthcare Investors LLC and Los Angeles-based Griffin Capital Corp.

Pursuant to the terms of the existing agreements, Grubb & Ellis will continue its advisory and dealer-manager responsibilities during a 60-day transition period, according to a prepared statement. American Healthcare Investors is a real estate investment management company formed and majority owned and controlled by Jeff Hanson, chairman and CEO of the REIT, and one of its largest individual investors; and Danny Prosky, the REIT’s president, COO and a member of the board of directors.