Griffin-American Healthcare Invests More Than $180M During Q3

IRVINE, CA—Griffin-American Healthcare REIT III, Inc., has completed the acquisition of nine healthcare buildings in five states, the UK and Isle of Man, as well as a collateralized debt instrument, for an aggregate purchase price of approximately $180 million during the third quarter. The acquisitions were comprised of six medical office buildings and three senior housing facilities.

“We continue to acquire accretive assets for the quickly growing portfolio of Griffin-American Healthcare REIT III,” said Danny Prosky, president, chief operating officer, interim chief financial officer and one of the largest stockholders of the REIT. “With these latest acquisitions, our portfolio is valued in excess of $1.1 billion, based on purchase price, and we have more than $1.0 billion in additional pending acquisitions that we expect to close in the coming months.”