Griffin-American REIT Invests $300M-Plus

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: