Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Washington and Idaho. Read the full story on Skilled Nursing […]
Griffin-American Healthcare REIT
Washington Nursing Facility Sells for $6.6 Million Shoreline Health and Rehab, a 106-bed skilled nursing facility in Shoreline, Wash., recently sold for $6.625 million, a purchase price driven, in part, by its $3 million renovation in 2012, according to Evans Senior Investments, which facilitated the sale. “Although well-managed from an expense perspective, the facility historically […]
Griffin-American Healthcare REIT II (formerly Grubb & Ellis Healthcare REIT II) recently acquired three medical office buildings across three Southeastern states for $25.1 million. The buildings have an aggregate 117,000 square feet and all have high occupancy; each one is located either on or near a regional medical campus. “We believe the aging of America […]
Griffin-American Health Care REIT II (formerly known as Grubb & Ellis) announced this week it has acquired 10 skilled nursing facilities and an additional medical office building for a total of $174.3 million. The properties span five southern states and comprise a total of 1,364 beds added to the healthcare REIT’s portfolio. The skilled nursing […]
Griffin-American Healthcare REIT II, formerly known as Grubb & Ellis Healthcare REIT II, announced on Jan. 9 that it has successfully transitioned its advisory and dealer manager agreements from Grubb & Ellis Company and its affiliates to co-sponsorship by American Healthcare Investors and Griffin Capital Corporation. The U.S. Securities and Exchange Commission’s declaration of the […]
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