August 13, 2018

Griffin Capital Essential Asset REIT Closes $125 Million Perpetual Preferred Private Offering Shares Purchased by Korean Trust

“After several months of relationship building, we could not be more pleased to have completed the first leg of this equity transaction,” said Kevin A. Shields, Chairman and Chief Executive Officer of the REIT. “It was a pleasure to work closely with Hana Financial and the teams at both NH and Shinhan and we hope this is the first in a series of transactions we can accomplish together.” Read More

Griffin-American Healthcare REIT IV Acquires 53-Unit Assisted Living Facility Near St. Louis

August 06, 2018

The acquisition was completed pursuant to a joint venture with an affiliate of Meridian Senior Living, LLC, which will manage the portfolio on a day-to-day basis. Griffin-American Healthcare REIT IV owns approximately 98 percent of the joint venture and acts as its managing member. The facility was acquired under a RIDEA structure, which allows for the joint venture partners to participate in both the rental and operational cash flow of the property. Read More

Griffin-American Healthcare REIT IV Acquires Medical Office Building Near Seattle

July 31, 2018

“Edmonds Medical Office Building is strategically located within a thriving medical corridor in Greater Seattle and is fully leased to multiple tenants, including some of the largest health systems in the region," said Stefan Oh, executive vice president of acquisitions for American Healthcare Investors and Griffin-American Healthcare REIT IV. “Additionally, the building is in close proximity to one of the area’s busiest hospitals and enjoys a healthy average remaining lease term of approximately eight years. Considering all of these factors, we believe Edmonds Medical Office Building is an exceptional addition to the Griffin-American Healthcare REIT IV portfolio.” Read More

Griffin Capital Essential Asset REIT II Expands Credit Facility to $750 Million

July 11, 2018

“We are pleased to complete this refinancing as it extends the maturity, lowers financing costs and provides us with ongoing flexibility and access to more than $200 million of undrawn borrowing capacity as of the closing date, soundly positioning us for continued growth,” explained Javier Bitar, chief financial officer of the REIT. “We appreciate the support of the premier financial institutions that have elected to partner with us in this credit facility and the confidence they have expressed in our business model and the strength of our financial position.” Read More

Griffin Capital Essential Asset REIT II Reports Increase in NAV

July 10, 2018

The steady growth in the NAV was largely attributable to the robust fundamentals inherent in the REIT’s underlying real estate portfolio including a weighted average remaining lease duration of approximately 10 years, fortified by cash flow that is over 82% attributable to tenants with an investment grade credit rating and contractual annual rental rate increases of over 2%. Read More

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