{"id":1004035646,"date":"2012-01-09T05:32:11","date_gmt":"2012-01-09T13:32:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004035611"},"modified":"2022-12-07T00:16:48","modified_gmt":"2022-12-07T08:16:48","slug":"american-healthcare-griffin-capital-complete-transfer-of-grubb-healthcare-reit","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/american-healthcare-griffin-capital-complete-transfer-of-grubb-healthcare-reit\/","title":{"rendered":"American Healthcare, Griffin Capital Complete Transfer of Grubb Healthcare REIT"},"content":{"rendered":"

January 9, 2012<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em><\/p>\n

Following on the heels of the New York Stock Exchange\u2019s de-listing of Grubb & Ellis Co.\u2019s stock<\/a> for falling below a threshold of $15 million in average global market capitalization over a consecutive 30-day trading period, the company has finalized the transfer of the dealer and advisory agreements of its REIT \u2013 formerly the Grubb & Ellis Healthcare REIT II \u2013 to a co-sponsorship between American Healthcare Investors L.L.C. and Griffin Capital Corp.<\/p>\n

The new vehicle, called Griffin-American Healthcare REIT II, was declared post-effective by the Securities and Exchange Commission as of Jan. 6, 2012.<\/p>\n

As Commercial Property Executive <\/em>previously reported, the REIT has been in talks to transition to Griffin-American since at least November of last year, and has still been making acquisitions in the meantime \u2013 most recently picking up an eight-property medical-office portfolio for $112 million<\/a>.<\/p>\n

The REIT\u2019s leadership structure will remain unchanged, led by chairman & CEO Jeff Hanson and president & COO Danny Prosky since its inception. \u201cWith the successful conclusion of our transition, we are completely focused on the expansion of our portfolio of clinical healthcare real estate and positioning the company for a successful liquidity event for our stockholders in the future,\u201d Prosky said.<\/p>\n

On Nov. 7, 2011, Los Angeles-based Griffin Capital Corporation was selected, along with American Healthcare Investors, to serve as co-sponsor of Grubb & Ellis Healthcare REIT II by the independent members of its board of directors.\u00a0 Griffin Capital Securities was selected to serve as the dealer manager of the REIT\u2019s offering.\u00a0 As a result, on Jan. 3, 2012, the REIT was renamed Griffin-American Healthcare REIT II.<\/p>\n","protected":false},"excerpt":{"rendered":"

Grubb & Ellis has finalized the transfer of the dealer and advisory agreements of its REIT — formerly the Grubb & Ellis Healthcare REIT II — to a co-sponsorship between American Healthcare Investors and Griffin Capital.<\/p>\n","protected":false},"author":1201,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37774,37775,21783,21754,21742,37776,37777,37778],"tags":[],"class_list":["post-1004035646","post","type-post","status-publish","format-standard","hentry","category-rc-dividend-yield","category-rc-forward-affo-payout-ratios","category-investment","category-medical-office","category-latest","category-rc-premium-discount-to-nav","category-rc-price-ltm-ffo","category-rc-total-return"],"acf":[],"yoast_head":"\nAmerican Healthcare, Griffin Capital Complete Transfer of Grubb Healthcare REIT - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/american-healthcare-griffin-capital-complete-transfer-of-grubb-healthcare-reit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Healthcare, Griffin Capital Complete Transfer of Grubb Healthcare REIT\" \/>\n<meta property=\"og:description\" content=\"Grubb & Ellis has finalized the transfer of the dealer and advisory agreements of its REIT -- formerly the Grubb & Ellis Healthcare REIT II -- to a co-sponsorship between American Healthcare Investors and Griffin Capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/american-healthcare-griffin-capital-complete-transfer-of-grubb-healthcare-reit\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-01-09T13:32:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T08:16:48+00:00\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/american-healthcare-griffin-capital-complete-transfer-of-grubb-healthcare-reit\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/american-healthcare-griffin-capital-complete-transfer-of-grubb-healthcare-reit\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"American Healthcare, Griffin Capital Complete Transfer of Grubb Healthcare REIT\",\"datePublished\":\"2012-01-09T13:32:11+00:00\",\"dateModified\":\"2022-12-07T08:16:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/american-healthcare-griffin-capital-complete-transfer-of-grubb-healthcare-reit\\\/\"},\"wordCount\":278,\"commentCount\":0,\"articleSection\":[\"Dividend Yield\",\"Forward AFFO Payout Ratios\",\"Investment\",\"Medical Office\",\"News\",\"Premium\\\/Discount to NAV\",\"Price\\\/LTM FFO\",\"Total Return\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/american-healthcare-griffin-capital-complete-transfer-of-grubb-healthcare-reit\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/american-healthcare-griffin-capital-complete-transfer-of-grubb-healthcare-reit\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/american-healthcare-griffin-capital-complete-transfer-of-grubb-healthcare-reit\\\/\",\"name\":\"American Healthcare, Griffin Capital Complete Transfer of Grubb Healthcare REIT - 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