IRVINE, CA—American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., say the REIT completed the acquisition of 18 healthcare properties in eight states for an aggregate purchase price of $311.3 million during the second quarter of 2015. The acquisitions were comprised of six medical office buildings and 12 senior housing facilities.
"Griffin-American Healthcare REIT III continues to source and acquire accretive assets for its rapidly growing portfolio," said Danny Prosky, president, chief operating officer and one of the largest stockholders of the REIT. "We have invested more than $900 million over the past three quarters, building a diverse portfolio of real estate and real estate-related assets valued in excess of $940 million, based on aggregate purchase price, with a pipeline of pending acquisitions we expect to close
in the coming months."
REIT III's Second Quarter 2015 acquisitions include:
Paoli Medical Plaza - Paoli, PA
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
