One of the assets acquired by Griffin-American Healthcare REIT III during the first quarter was the 31,070 square foot Keller (Texas) Medical Plaza. The MOB, which was acquired from Caddis Partners, was 94 percent leased at the time of the sale. (Photo courtesy of Caddis)
Non-traded healthcare real estate trust says it has about $509 million more in the pipeline
By Murray W. Wolf
Griffin-American Healthcare REIT III Inc. acquired $353.7 million worth of healthcare real estate (HRE) during the first quarter (Q1) and has about $509 million of additional transactions in the pipeline.
That’s according to American Healthcare Investors and Griffin Capital Corp., the co-sponsors of the Irvine, Calif.-based healthcare real estate investment trust (REIT).
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