IN JUST TWO YEARS SINCE INCEPTION, REIT’S TOTAL PORTFOLIO HITS $715 MILLION
By John Mugford.
Among the MOBs recently acquired by Griffin-American Healthcare REIT II was this building in Amarillo, Texas, that is 100 percent occupied by Amarillo
Heart Group LLP.
Photo courtesy of The Sanders Trust
Griffin-American Healthcare REIT II went on a bit of a buying spree in recent weeks, making three separate acquisitions with five medical office buildings (MOBs) for a total price of $52.5 million. The transactions closed in the first quarter (Q1).
The unlisted real estate investment trust (REIT), which is based in Newport Beach, Calif., and co-sponsored by American Healthcare Investors and Griffin Capital Corp., acquired buildings in Chula Vista Calif., Texas, and Tempe, Ariz.
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