American Healthcare Investors and Griffin Capital Company LLC, co-sponsors of Griffin-American Healthcare REIT IV, said it has bought a skilled nursing facility portfolio for $88.2 million.
The facilities have a total of 1,112 licensed beds and are in Missouri. They are master leased to an entity with Reliant Care Management under a 15-year net lease.
“Missouri Skilled Nursing Facility Portfolio is an exceptional addition to the Griffin-American Healthcare REIT IV portfolio,” said Stefan Oh, executive vice president of acquisitions for American Healthcare Investors and Griffin-American Healthcare REIT IV. “The facilities enjoy high bed occupancy and 1.8 times year-one rent coverage. Additionally, Reliant Care Management is one of the premier skilled nursing operators in the state of Missouri and a strong new partner for the REIT.”
