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 […]

Senior Housing Investments & Transactions: Griffin-American Healthcare REIT III

Griffin-American Healthcare REIT III Completes $244 Million in Acquisitions American Healthcare Investors, LLC and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced the real estate investment trust completed the acquisition of seven integrated senior health campuses and three medical office buildings for the aggregate purchase price of $178.6 million during the […]

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 […]