Griffin-American Healthcare REIT IV, a publicly registered nontraded REIT co-sponsored by American Healthcare Investors and Griffin Capital Company, has filed its second quarter 2020 financials, according to a SEC filing dated Aug. 19.
“More than 50 percent of our medical office building tenants have been deemed ‘non-essential’ during the COVID-19 pandemic, resulting in unprecedented pressure on their revenue streams,” said Jeff Hanson, chairman and CEO of Griffin-American Healthcare REIT IV, in a letter to its shareholders, which outlined its second quarter results . “Additionally, both our senior housing and skilled nursing facilities have encountered significant downward pressure on revenues, as the pandemic has disrupted the admission of new residents to our senior housing properties and dramatically reduced the number of patients that require post-acute stays in our skilled nursing facilities following the temporary halts to elective surgical procedures imposed
