AMID CHANGING SPONSORS, FIRM ALSO REBUFFED A RECENT ACQUISITION OFFER
By John Mugford
Danny Prosky
It was an offer that surprised and was not taken seriously by officials with Grubb & Ellis Healthcare REIT II, soon to be known as Griffin-American Healthcare Trust Inc., a non-listed healthcare real estate investment trust (REIT).
In early December, the board of the REIT rejected an unsolicited acquisition offer from a significantly smaller and competing non-listed healthcare REIT, New York-based ARC Healthcare Trust Inc.
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