32,000-SQUARE-FOOT HEALTHCARE FACILITY ACQUIRED IN ATHENS, GA.

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ATHENS, GA. — Grubb & Ellis Healthcare REIT II has acquired Athens Long-Term Acute Care Hospital, which is located at 775 Sunset Dr. in Athens. Built in 2008, the single-tenant property offers 32,000 square feet of Class A medical office space. The property is leased by Landmark Real Estate Holdings, which is leased through 2025. Creative Health Capital represented the seller, White Oaks Real Estate Investments of Georgia, in the transaction. Grubb & Ellis Healthcare REIT II financed the acquisition using $12.3 million in borrowings under its line of credit with Bank of America and cash proceeds received from its offering.

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