ATLANTA—The sponsors of Griffin-American Healthcare REITIII, American Healthcare Investors andGriffin Capital Corp., report that the REIT hasreached its minimum offering and has reached agreement to acquirethree Atlanta-area medical office buildings for an aggregatepurchase price of $12.1 million.

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American Healthcare and Griffin Capital report that the REITreached its minimum offering of $2 million in subscriptions. Thethree new medical office building acquisitions include the16,315-square-foot Country Club Medical OfficeBuilding in Stockbridge, GA, the 37,500-square-footAcworth Medical Complex in Acworth, GA, and thenearly 19,000-square-foot DeKalb ProfessionalCenter in Lithonia, GA.

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“Each of these medical office buildings is located near, orclosely affiliated with, a large hospital system in the heart of athriving community with growing demand for healthcare services,”says Dan Prosky, a principal of AmericanHealthcare Investors and president and chief operating officer ofGriffin-American Healthcare REIT III. “These are among the keytraits we seek when evaluating an asset for acquisition, and makethese three Atlanta-area medical office buildings idealacquisitions for Griffin-American Healthcare REIT III.”

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.