IRVINE, CA—Griffin-American Healthcare REIT IIhas reported a strong first quarter with $105 million inacquisitions, portfolio growth to $2.9 billion based on purchaseprice, FFO growth of 115%, modified funds from operations up 94%,NOI increasing 88% and net income up 83%. Executives for the REITconsider the first-quarter results to be very successful.

“During the first quarter, Griffin-American Healthcare REIT IIbuilt on the tremendous success it enjoyed in 2013, during which weconcluded our capital formation with more than $2.8 billion intotal equity raised and expanded our nearly $3-billion portfolio(based on aggregate acquisition price) internationally with theacquisition of a premier portfolio of senior housing in the UnitedKingdom,” says Jeff Hanson, chairmanand CEO for the REIT.

President and COO Dan Prosky adds, “We continueto enjoy accretive growth and to add significant value toGriffin-American Healthcare REIT II. We have matured to become oneof the largest healthcare REITs in the country and continue toperform exceptionally well, with occupancy in excess of 95%,average remaining lease term of more than nine years—both excludingproperties operated utilizing a RIDEA structure—and exceptionallylow debt of just 15.7% as a percentage of aggregate portfoliopurchase price.”