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CHARLOTTESVILLE, VA-Santa Ana, CA-based Grubb & Ellis Healthcare REIT II has expanded into the Mid-Atlantic with a $45-million acquisition of a skilled nursing portfolio located throughout Virginia. The non-traded REIT, which formed about a year ago and began making acquisitions this March, acquired the seven-building, 230,000-square-foot, 563-bed portfolio from a regional developer/investor, Danny Prosky, president and COO of Grubb & Ellis Healthcare REIT II, tells GlobeSt.com.

The portfolio was built between 1989 and 200 and is operated by Laurel Healthcare and Kissito Healthcare under long-term absolute net leases. “The properties are performing well and we like the tenant and operators,” Prosky says. “The pricing was attractive and we have long-term net leases accretive to dividends.”

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