Griffin-American Healthcare Acquires Trio of Medical Office Buildings
PALM BEACH, FL—The demand for medical office buildings in the Southeast remains strong. Griffin-American Healthcare REIT II —formerly known as Grubb & Ellis Healthcare REIT II—just snapped up a trio of medical office buildings across three Southeastern states for $25.1 million.

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by Amy Fontinelle Real estate investment trusts (REITs) are a relatively small investment category; there were just 123 equity REITs in the FTSE NAREIT index, which comprises all the REITs traded on the NYSE and NASDAQ exchanges in the fourth quarter of 2011. However, even though the REIT investment universe is small, it contains many ...

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Invesment trust acquires medical office buildings
Griffin-American Healthcare REIT II said it has acquired three medical office buildings in South Carolina, Georgia and Florida for a purchase price of $25.1 million.