On Wednesday, Griffin-American Healthcare REIT II completed its previously announced merger with New York-based real estate investment trust (REIT) NorthStar Realty Finance Corp. (NYSE: NRF), a transaction valued at $4 billion. The announcement was made by Griffin Capital Corporation and American Healthcare Investors, both co-sponsors of Griffin-American Healthcare REIT II, which first announced in August […]
American Healthcare Investors
American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced the acquisition of a three-building portfolio of senior care facilities in Massachusetts by the REIT for $24.35 million. The Massachusetts portfolio is comprised of skilled nursing and assisted living facilities in Boston and Dalton, totaling 201 beds and approximately […]
Ventas Selling 5.2 Million Shares to Citigroup to Build Working Capital Healthcare real estate investment trust Ventas Inc. (NYSE:VTR) said on Thursday it had agreed to sell 5.2 million shares to Citigroup (NYSE:C), with plans to use the proceeds to repay debt and build working capital. When the market closed on Thursday, the REIT’s shares […]
American Healthcare Investors, LLC has been launched as a joint venture with Griffin Capital Corporation and affiliates to advise and manage Grubb & Ellis Healthcare Trust, a publicly registered non-traded real estate investment trust (REIT), its founders announced on Nov. 22. Jeff Hanson and Danny Prosky are the cofounders of American Healthcare Investors, which will […]
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