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Griffin-American REIT Buys Big in Q1

IRVINE, CA—The jointly-sponsored REIT acquired 18 healthcare properties in 11 states with a total value of more than $350 million.

By David Phillips | Updated on April 02, 2015

IRVINE, CA—American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., say that the REIT completed the acquisition of 18 healthcare properties in 11 states in the first quarter of the year.

Along with a collateralized debt instrument, the Q1 activity has an aggregate purchase price of $353.7 million. The acquisitions were comprised of 14 medical office buildings, three senior housing facilities, a surgical hospital and the aforementioned collateralized debt instrument.

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