Irvine, CA-based Griffin-American Healthcare REIT IV, Inc. completed the acquisition of 11 healthcare buildings in five states, and a 6% JV membership interest in Trilogy Investors, LLC for an aggregate contract purchase price of roughly $200.4 million during Q4 2018.
Michigan Assisted-Living Facility Portfolio: The first tranche consists of six buildings within five senior housing facilities totaling roughly 272,000 square feet and 302 units throughout Michigan. Assets were acquired in a sale-leaseback transaction with the operator, Vista Springs Assisted Living, which will lease the properties through 2033.
Modesto, CA Medical Office Building: Located on the campus of the 461-bed Doctors Medical Center, the three-story, 57,000-square-foot MOB is 92% leased. First California Physicians Partners leased 81% through 2030.
Mill Creek, WA Medical Office Building: The 100% leased, single-story MOB comprised of roughly 22,000 square feet is leased to five tenants under NNN lease structures.
Lawrenceville, GA Medical Office Building II (pictured): Adjacent to the campus of the 353-bed Gwinnett Medical Center, the two-story, 45,000-square-foot MOB is 100% leased to multiple tenants.
Flemington, NJ Medical Office Building Portfolio: Built in 1993 and 2002, the two-building MOB portfolio totals roughly 49,000 square feet, and was 99% leased to 14 tenants, including Hunterdon Medical Center.
The REIT is co-sponsored by American Healthcare Investors and Griffin Capital Company, LLC.
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator.
Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.
Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.
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