The properties consist of doctor’s offices and senior facilities. Big corporations are going to own all of those too and Griffin is the largest company in the industry. BD
New York-based property investment company NorthStar Realty Finance Corp. has agreed to buy Griffin-American Healthcare REIT for $4 billion in a cash-and-stock deal.
Nearly 75 percent of Griffin-American’s holdings are comprised of medical office buildings and senior housing facilities in the United States and the United Kingdom, according to a statement from NorthStar. The purchase follows NorthStar’s $1 billion acquisition of senior housing and nursing home buildings in March.