NEWPORT BEACH, CA—American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., have acquired five medical office buildings by the REIT for an aggregate purchase price of approximately $47 million. The acquired buildings are located in Greeley, Colorado; Ruston, Louisiana; and Abilene, Texas.

Currently, the REIT's portfolio totals 148 buildings valued at approximately $1.4 billion, based on purchase price, diversified across 27 states. Since Jan. 1, 2012, the portfolio has grown by approximately 213 percent, based on purchase price. As of Sept. 30, 2012, the Griffin-American Healthcare REIT II property portfolio was 96.8 percent leased with a weighted average remaining lease term of approximately 9.4 years and leverage (total debt divided by total assets) of 32.8 percent.

“Since the beginning of 2012, our nationwide portfolio of medical office buildings, hospitals, skilled nursing facilities and assisted living facilities has more than tripled, based on aggregate acquisition price,” said Danny Prosky, a principal of American Healthcare Investors and president and chief operating officer of the REIT. “With each acquisition, Griffin-American Healthcare REIT II becomes more broadly diversified as we execute our strategic plan to build a well-balanced portfolio of clinical healthcare-related real estate.”