BUILDINGS LOCATED IN KNOXVILLE, ON CAMPUS OF FUTURE PROTON FACILITY
By John Mugford
One of the two buildings at the Provision Health Alliance campus in Knoxville, Tenn., that Griffin-American Healthcare REIT II recently acquired.
Photo courtesy of FPR Medical
Prolific healthcare real estate investor Griffin-American Healthcare REIT II Inc., an unlisted real estate investment trust (REIT), recently acquired two medical office buildings (MOBs) on the campus of a future proton beam therapy facility in Knoxville, Tenn.
The Newport Beach, Calif.-based REIT, which is co-sponsored by American Healthcare Investors and Griffin Capital Corp., paid $51.2 million for the two-building complex, which has a total of 167,082 square feet. That works out to about $306 per square foot (PSF).
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