American Healthcare Investors and Griffin Capital Co., the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced that the REIT has acquired a portfolio of skilled nursing facilities located throughout the state of Missouri for $88.2 million.
The portfolio of skilled nursing facilities was acquired from affiliates of Reliant Care Management Group.
Missouri Skilled Nursing Facility Portfolio is comprised of eight facilities totaling 1,112 licensed beds and totals approximately 385,000 square feet. The portfolio is 100 percent master leased to an entity affiliated with Reliant Care Management Group.
Griffin-American Healthcare REIT IV also recently acquired Glendale Medical Office Building, an approximately 43,000-square-foot medical office building located in the Milwaukee suburb of Glendale, Wis., for $7.6 million.
