The board of real estate investment trust Grubb & Ellis Healthcare Trust voted in November to replace Grubb & Ellis with American Healthcare Investors and Griffin Capital as co-sponsors. It will now be called Griffin-American Healthcare Trust Inc.
Jeff Hanson, chairman and CEO of the REIT, formed American Healthcare Investors. President Danny Prosky is the COO and a member of the board of directors.
American Realty Capital II LLC confirmed that it had made an offer to acquire all the shares of G&E in an offer that was rebuffed.
From the January 01, 2012 Issue of McKnight's Long-Term Care News
