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REIT | EDGE Asset Management

Griffin-American Healthcare REIT Closes on Southeast Portfolio for $25.1M

Griffin-American Healthcare REIT II (formerly Grubb & Ellis Healthcare REIT II) has closed on three medical office buildings in the Southeastern U.S. for a total of $ 25.1 million, or about $ 215 per square foot. The three properties total 116,802 square feet, and all enjoy high
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REIT Invests $166.5M in Health Care Facility Assets

Griffin-American Healthcare REIT II (formerly known as Grubb & Ellis Healthcare REIT II) completed its purchase of 10 skilled nursing facilities across four states from Wellington Healthcare Services LP for $ 166.5 million. The portfolio is comprised of 1,364 beds in four states
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REIT Buys Atlanta Data Center for $95 Million

Carter Validus Mission Critical REIT Inc. purchased the Peachtree Data Center in downtown Atlanta, GA, for $ 94.75 million. A private entity listed as 180 Peachtree Retail LLC sold the property to the partnership led by CV REIT and supported by three institutional investors. The trans
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Silicon Valley REIT Puts Itself Up for Sale

Mission West Properties Inc. is exploring strategic alternatives for the possible sale of the company. The Cupertino, CA-based firm said it will begin a process to identify potential qualified buyers and determine an appropriate structure for the sale of the company. Currently, the co
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TA Realty Sells Charlotte Complex to REIT for $61M

TA Associates Realty sold a 1.08 million-square-foot industrial complex in Charlotte, NC, to Liberty Property Trust (NYSE:LRY) for $ 60.75 million or $ 56 per square foot. Crosspoint Center has seven buildings ranging from 80,682 to 268,800 square feet on 78 acres in Mecklenburg Count
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