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Griffin-American Healthcare REIT IV Closes On Two-Property Senior Care Portfolio for $22.6M

California Investor Strengthens $489M-Valued Portfolio with Central Wisconsin Acquisition
By Kelly Hartnett
March 9, 2018 | 10:30 P.M.

Griffin-American Healthcare REIT IV, an investment trust co-sponsored by American Healthcare Investors and Griffin Capital Co., purchased a two-property senior care portfolio in the Milwaukee/Madison market for $22.6 million, or about $89,000 per bed. The 254-bed portfolio was sold by Waunakee Manor LP and Sun Prairie Associates LP, unaffiliated third parties.

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