NEWPORT BEACH, CA-Griffin-American Healthcare REIT II, Inc. recently disclosed its operating results for the quarter ended June 30.

“During the second quarter, Griffin-American Healthcare REIT II continued its rapid growth with the acquisition of 21 healthcare-related buildings for more than $141 million,” said Jeff Hanson, chairman and chief executive officer. “As a result of our continued expansion, funds from operations grew 232%, modified funds from operations grew 134% and net operating income grew 106% compared to the second quarter 2012. Additionally, we anticipate completing the acquisition of the previously announced £298.5 million, or approximately $447.8 million, UK Senior Housing Portfolio during the third quarter, at which point Griffin-American Healthcare REIT II would add an international presence to an already extensive national footprint, creating one of the largest and best diversified healthcare REITs in the world in terms of geography, revenue sources and asset types. ”

The UK Senior Housing Portfolio is expected to close during the third quarter of 2013, although closing is subject to receipt of regulatory approvals and other customary closing conditions and there can be no assurance that the acquisition will close or, if it does, when the closing will occur.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.