HUMBLE, TX-Grubb & Ellis Healthcare REIT II Inc. hasacquired Humble Surgical Hospital for $13.1 million. The30,000-square-foot surgical hospital, located in this Houstonsuburb, represents the REIT’s fifth hospital buy this year.

Grubb & Ellis Healthcare REIT bought the single-storyfacility from Humble REP LLC, a joint venture partnership comprisedof PinPoint Commercial, a Houston-based healthcare developer, andthe physician group that operates the surgical hospital. The classA facility, which opened in August 2010, is fully leased to HumbleSurgical Hospital LLC for a period of 15 years under an absolutenet lease.

“We’ve seen a lot of deals like this where the developerneeds to take the money and reinvest in core business,” says DannyProsky, president and COO of Grubb & Ellis Healthcare REIT II.“The sources of our acquisitions have been verydeveloper-heavy.”