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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.