Four companies are bidding to buy Griffin-American Healthcare REIT II Inc., in a deal that could value the company at nearly $3.7 billion, according to a report from the Wall Street Journal. The bidders include some of the heaviest hitters in senior housing: Ventas Inc., Health Care REIT Inc., American Realty Capital Healthcare Trust, and […]
Griffin-American Healthcare REIT II
Nontraded real estate investment trusts have made a splash in the senior housing and healthcare real estate market in the last few months, with some investors pointing to their impact as 2014’s biggest deal driver. Similar to REITs that trade on public exchanges, nontraded REITs also invest in real estate and must also distribute at […]
Griffin-American Healthcare REIT II has acquired four continuing care retirement communities located in the Midwest from West Loop Holdings, LLC in a RIDEA-structured deal. The purchase price was about $300 million, according to unnamed sources close to the deal. The involved parties did not disclose the purchase price in documents filed with the Securities and […]
Wall Street’s self-regulator, the Financial Industry Regulatory Authority, is planning some rule changes for non-traded real estate investment trusts, reports the Wall Street Journal. Those changes include requiring this segment of the REIT market to improve disclosures on fees, along with a faster timeline for reporting changes to property values in their portfolios. “The move […]
Similar to 2011 and 2012, the senior housing industry was no stranger to mergers and acquisitions in 2013, with transactions ranging in size from one or two properties to chunks of high-profile portfolios and even entire companies. We’ve gathered the top 10 U.S.-based transactions that were announced or closed throughout the past year, starting with […]
Griffin-American Healthcare REIT II, Inc. announced Thursday the completion of its $472.2 million (£298.5 million) acquisition of a 44-property senior housing portfolio located throughout the United Kingdom. The transaction was announced in July for $447.8 million, but a change in dollar-to-pound conversion rates increased the cost at closing by $24.4 million even though the purchase price of the […]
NHI Acquires Assisted Living Community for $15.3 Million National Health Investors (NYSE:NHI) announced on Monday the $15.3 million acquisition of an assisted living community in Marysville, Ohio that will be leased to Emeritus Senior Living (NYSE:ESC). The Inn at Halcyon Village is a 76-unit assisted living and memory care community built in 2009. The lease […]
Griffin-American Healthcare REIT II announced today it will expand its international presence through a $450 million investment in a 44-property United Kingdom-based senior housing portfolio. The Newport Beach, Calif.-based REIT currently owns 59 assisted living and skilled nursing communities stateside as well as medical office buildings and hospitals. The expansion into the U.K. includes properties […]
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 […]
Griffin-American Healthcare REIT II, Inc., announced on Wednesday the acquisition of a 13-property portfolio of senior care communities along with seven medical office buildings (MOBs) located in Illinois, Texas, Tennessee, and Georgia for a total of approximately $103 million. “We seek to acquire properties that provide multiple levels of diversification to Griffin-American Healthcare REIT II,” […]
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