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NEWPORT BEACH, CA-Griffin-American Healthcare REIT II Inc. has just grown its portfolio by six assets in a deal valued at $108.7 million. According to a company statement, that pushes the value of the REIT’s portfolio to $1.1 billion in 121 buildings across 26 states.

The latest additions include East Los Angeles Doctors Hospital, Memorial Hospital of Gardena and Coast Plaza Hospital in Norwalk, CA. These acute-care facilities, all part of the Los Angeles Hospital Portfolio purchased from Avanti Hospitals, consist of 416 beds and total 296,000 square feet of clinical space. Kevin Roy of Healthcare Finance Partners did the deal. Griffin-American financed the acquisition using $86.5 million from its unsecured line of credit with Bank of America, N.A. and paid the remaining in cash.

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