Industry Pulse: Northstar is Likely Buyer of G-A HC REIT

This medical office building in Bessemmer, Ala., is part of the Griffin-American portfolio. Photo courtesy of G-A Healthcare REIT II

This medical office building in Bessemmer, Ala., is part of the Griffin-American portfolio. Photo courtesy of G-A Healthcare REIT II

Potential $4 billion transaction is expected to close by Q4

Just before press time, Healthcare Real Estate Insights™ learned that NorthStar Realty Finance Corp. (NYSE: NRF), whose healthcare activities are led by James F. “Jay” Flaherty, the former CEO of HCP Inc. (NYSE: HCP), plans to acquire Irving, Calif.-based Griffin-American Healthcare REIT II, an unlisted REIT that has for months been considered a prime acquisition target.

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