Cornerstone Cos. Inc. “ Indianapolis has a diversified economy being both the state capital and financial hub of our state,” Taggart Birge, chief executive officer of the company, tells GlobeSt.com. “ Importantly, the asset is located on the northside of Indianapolis with excellent demographics and US 31 has just completed a $100,000,000 plus renovation that will allow the northern counties, and its population base, to reach our site in 5 minutes or less. It used to take 20 minutes before the infrastructure improvements. The asset was acquired well below replacement value which also ensures our ability to provide competitive leases in a healthcare market with pressure on reimbursement rates. ” Griffin-American Healthcare REIT III, Inc. American Healthcare Investors Griffin Capital Corp.NOT FOR REPRINT
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