February 18, 2016 Comments Off on $3.15B Griffin-American REIT IPO Receives Green Light Views: 458 Acute Care Facilities, California News, Healthcare News, Medical Office Building, Orange County

$3.15B Griffin-American REIT IPO Receives Green Light

This week, the SEC declared Griffin-American Healthcare REIT IV Inc.’s $3.15-billion initial public offering effective.

The company plans to offer up to 300,000,000 shares of its common stock for sale at $10 per share, plus an additional 15,789,474 shares of its common stock for issuance, under its distribution reinvestment plan at $9.50 per share in a publicly registered, non-traded offering.

Griffin-American Healthcare REIT IV says it will invest in a portfolio of healthcare real estate assets, focusing primarily on medical office buildings, senior housing facilities, skilled nursing facilities and hospitals.

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