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Griffin-American Reports 400% NOI In 2011

NEWPORT BEACH, CA-The REIT’s healthcare assets more than double in 2011 as compared to 2010.

By Carrie Rossenfeld | Updated on March 26, 2012

NEWPORT BEACH, CA-Griffin-American Healthcare REIT II has released its fourth-quarter and year-end 2011 results, showing exponential growth from healthcare-related assets. The REIT’s portfolio of healthcare real estate more than doubled compared to 2010, resulting in important financial metrics such as modified funds from operations and net operating income experiencing 500% and 400% growth, respectively, as compared to 2010, according to Danny Prosky, the REIT’s president and COO.

“Griffin-American Healthcare REIT II continued to perform exceptionally well during 2011, as our results clearly demonstrate,” says Prosky.

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