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LAFAYETTE, LA. — Grubb & Ellis Healthcare Reit II has purchased the 26,000-square-foot, 32-bed Lafayette Physical Rehabilitation Hospital, located at 307 Polly Ln. in Lafayette, from HFG Lafayette for $12.1 million. The buyer financed the acquisition using $12 million in borrowings under its line of credit with KeyBank National Association and cash proceeds received from its offering. Mike Coiro and Bill Bennett of Baltimore-based Capital Hospital Finance Group represented the seller in the transaction.