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Grubb REIT Buys $45M Nursing Facility Portfolio

JV Sells 563 Beds in VA
By Adam Rusk
October 13, 2010 | 5:53 P.M.

Grubb & Ellis Healthcare REIT II purchased a skilled nursing facility portfolio in Virginia from CLC RE LLC and Albemarke Health Investors LLC for $45 million, or about $195 per square foot.

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