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While it was highly publicized that Grubb & Ellis Co.'s brokerage division had suffered ills during the recession, and several brokers and teams moved on to other firms, its investment-management division and the REITs it co-sponsored and advised could have been unfortunate casualties. Instead, the senior executives that had been in charge of managing Grubb & Ellis Healthcare REIT II started American Healthcare Investors to co-sponsor the REIT and renamed it Griffin-American Healthcare REIT II shortly before Grubb filed for bankruptcy. The team has now been together for approximately six years and has collectively acquired and managed $3.5 billion worth of healthcare properties on behalf of thousands of investors.

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