Companies & People: Big finish to 2012 for Griffin-American

 

The 77,000 square foot Physician’s Office Pavilion at WakeMed North in Raleigh, N.C., was one of the recent acquisitions by Griffin-American Healthcare REIT II. (Photo courtesy of Griffin-American)

Unlisted healthcare REIT acquired 14 properties in December, including nine MOBs

By John B. Mugford

Even though there is a supposed lack of healthcare real estate facilities on the market, Griffin-American Healthcare REIT II Inc. has certainly found plenty of properties to meet its needs recently.

One of the most prolific buyers of healthcare real estate in 2012, the unlisted real estate investment trust (REIT) closed the year with a bang, acquiring 14 healthcare-related properties during December, including nine medical office buildings (MOBs).

According to the company’s website and data from real estate research firm Real Capital Analytics (RCA) Inc., Griffin-American, which is sponsored by American Healthcare Investors and Griffin Capital Corp., paid a total of

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