Senior Housing Investments & Transactions: Fortis Files for Receivership

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 […]

NorthStar Realty, Griffin-American Healthcare REIT II Close $4 Billion Merger

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 […]

REIT Adds Three Senior Care Properties to Portfolio for $24.4 Million

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 […]

Grubb & Ellis Out, American Healthcare Investors In as REIT Sponsor

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 […]