Grubb & Ellis Healthcare REIT Buys SNFs

July 8, 2011

July 8, 2011. Grubb & Ellis Healthcare REIT II announced last night that on June 30 it purchased five skilled nursing facilities in Pennsylvania with about 1,200 beds from an unaffiliated seller.  The price is $75 million, or approximately $62,500 per bed, and they will be leased to Mid-Atlantic Health Care, LLC.  More details to come.

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