Transaction: Griffin-American Healthcare REIT pays $35.5 million for two MOBs in Chicago area

HINSDALE, Ill. ­– Griffin-American Healthcare REIT II Inc. recently closed on the acquisition of a two-building, 169,078 square foot MOB portfolio in Hinsdale, a Chicago suburb near Downers Grove.

The unlisted Newport Beach, Calif.-based REIT paid $35.5 million for the facilities, according to information from New York-based Real Capital Analytics (RCA) Inc. That price equates to about $210 PSF.

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