Five MOBs Change Hands for $52M-Plus

NEWPORT BEACH, CA-Those who follow @GlobeStcom on Twitter may have seen a post teasing the announcement yesterday, but GlobeSt.com has exclusively learned that American Healthcare Investors LLC and Griffin Capital Corp., the co-sponsors of Griffin-American Healthcare REIT II Inc., have acquired five medical office buildings in California, Arizona and Texas on behalf of the publicly registered non-traded real estate investment trust for an aggregate purchase price of $52.5 million. 

Totaling approximately 223,000 square feet, the MOBs are located in Chula Vista, CA, Amarillo and Houston, TX, and Tempe, AZ. “Each of these medical office buildings are either affiliated with a leading healthcare delivery system, or located on the campus of a regional medical center or within an established medical corridor,” says Danny Prosky, a principal of American Healthcare Investors and president and chief operating officer of the REIT.  “In addition, these assets are all high quality properties with a weighted average occupancy of 97%.”