KANSAS CITY—As reported in GlobeSt.com, AmericanHealthcare Investors and Griffin CapitalCorp., recently decided to create another channel toacquire healthcare facilities: Griffin-American HealthcareREIT III. And much as the sponsors did when launching thesecond REIT, they have started out by buying smallerfacilities.
The new REIT, for example, has just entered into an agreement toacquire Lee's Summit Medical Office Building, aroughly 39,000-square-foot, multi-tenant medical office building inthe affluent Kansas City suburb of Lee's Summit, MO.
It also recently closed on the acquisition of the 37,000-square-footAcworth Medical Complex in Acworth, GA. The trustpaid about $6.5 million, or $176-per-square-foot, for thatproperty. And, according to Real CapitalAnalytics, it recently entered purchase agreements for two other Georgiafacilities: the 14,882-square-foot Country ClubMOB in Stockbridge for $2.8 million, and the18,786-square-foot DeKalb Professional Center inLithonia for $2.8 million.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
