TEXAS MEDICAL PROPERTIES SELL IN $106.7M PORTFOLIO DEAL

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TEXAS — Griffin-American Healthcare REIT II, co-sponsored by American Healthcare Investors and Griffin Capital Corp., has acquired 14 medical office buildings for a purchase price of $106.7 million. The properties in the 474,000-square-foot portfolio are located in Florida, Texas, New Mexico, Hawaii, Indiana, Alabama, Illinois, Colorado and South Carolina. The Texas properties include the 85,000-square-foot, 91 percent leased Rockwall Medical Center in Rockwall; the 43,000-square-foot, fully leased San Angelo Community Medical Center I and II in San Angelo; the 20,000-square-foot, fully leased Schertz Medical Building in Schertz; and a 32,000-square-foot, fully leased medical office building in Texarkana.

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