IRVINE, CA—In recent months, there has been plenty ofspeculation concerning the future of Irvine, CA-basedGriffin-American Healthcare REIT II, an unlistedREIT. Would the company, one of the most prolific buyers ofhealthcare real estate in recent years, go public or be acquired bya publicly listed company?
While there is still nothing to report about G-A REIT II, theREIT's sponsors, American Healthcare Investors and GriffinCapital Corp., are moving forward with another vehiclewith which to acquire healthcare facilities:Griffin-American Healthcare REIT III.
The SEC declared the new REIT effective in late February afterit reached the minimum offering of $2 million in subscriptions –shares sell for $10 apiece.
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