Grubb & Ellis Healthcare REIT bought its five-propertyportfolio, called Medical Portfolio 4, from affiliated entities ofthe Dallas-based Cirrus Group LLC. The acquisition includes medicaloffice buildings in Arizona, Ohio and Texas.

In the case of Strategic Storage Trust, the REIT bought twoself-storage facilities in Mississippi and Florida for a combinedvalue of $10.76 million from U-Stor-It LP, paying approximatelytwo-thirds of the total in cash. Strategic Storage, launchedearlier this year, is a $1 billion nontraded REIT targetingproperties in the self-storage industry.

The Medical Portfolio 4 that Grubb & Ellis Healthcare REITacquired is "a geographically diverse group of healthcarefacilities that strengthen the Grubb & Ellis Healthcare REITportfolio," according to Danny Prosky, executive vice president ofacquisitions for the REIT. Prosky notes that each property ofMedical Portfolio 4 is on a medical campus or close to one, which"adds to the attractiveness of each of these properties and thevalue they present to our REIT."

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