Griffin-American Healthcare REIT IV Announces Offering Close Date

Griffin-American Healthcare REIT IV Inc., a publicly registered non-traded real estate investment trust sponsored by Griffin Capital Company and American Healthcare Investors, plans to close its initial public offering early next year.

Griffin-American Healthcare REIT IV Inc., a publicly registered non-traded real estate investment trust sponsored by Griffin Capital Company and American Healthcare Investors, plans to close its initial public offering on February 16, 2019 and does not intend to conduct a follow-on offering.

In other news, the company recently purchased Southfield Medical Office Building, located in the Detroit suburb of Southfield, Michigan, for $16.2 million

Griffin-American Healthcare REIT IV invests in medical office buildings, hospitals, skilled nursing facilities, senior housing and other healthcare-related facilities. The REIT commenced its initial public offering in February 2016 had raised $463 million in investor equity as of the first quarter of 2018. The company’s portfolio is comprised of 45 medical office buildings and senior housing facilities purchased for approximately $536.1 million.

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