Griffin-American Healthcare REIT II

What Griffin-American Healthcare REIT II does

Griffin-American Healthcare REIT II, Inc. was a publicly registered, non-traded real estate investment trust focused on healthcare real estate in the United States. Founded in 2009 and sponsored by Griffin Capital Company, LLC, the vehicle was part of a broader series of Griffin-American Healthcare REITs distributed to accredited investors through financial advisors, broker-dealers, RIAs, family offices, and multi-family offices via the sponsor's Wealth Solutions team. Pricing was not publicly disclosed, as the program was offered through private placements to qualifying investors.

The REIT was acquired by Northstar Realty Finance, Inc. in December 2014 for approximately $4 billion and is no longer operating as an independent entity. Its sponsor Griffin Capital, founded in 1995, reported $25 billion in owned/managed/sponsored/co-sponsored real estate assets and $18 billion in equity raised across its platform. Subsequent Griffin-American Healthcare REIT III and IV vehicles were merged and internalized into a combined $4.7 billion healthcare REIT in October 2022, succeeding the REIT II position in the sponsor's product series. No technology, AI, or software product surface is associated with the REIT.

Name

Griffin-American Healthcare REIT II

Legal name

Griffin-American Healthcare REIT II, Inc.

Website

https://griffincapital.com

Company type

Private

Founded year

2009

Operating status

Acquired

Headcount range

51–100 employees

Short description

Griffin-American Healthcare REIT II was a publicly registered, non-traded U.S. healthcare real estate investment trust sponsored by Griffin Capital, sold to Northstar Realty Finance in December 2014 for $4 billion and no longer operating independently.

Ownership category

akta.pro rank

Product category

Healthcare Real Estate Investment Trust

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

Keywords

• Healthcare real estate
• Non-traded REIT
• Private placement
• Real estate investment trust
• Accredited investor offerings

Headquarters

HQ city

Irvine

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure

Distribution channels1 record

Marketing channels1 record

Core offering

Griffin-American Healthcare REIT II was a public, non-listed real estate investment trust that raised equity from accredited investors through private placement offerings to acquire and manage a diversified portfolio of healthcare-related real estate assets in the United States. Sponsored by Griffin Capital Company, LLC, the REIT invested in medical office buildings, skilled nursing facilities, hospitals, and other healthcare properties to generate rental income and long-term capital appreciation. The REIT was sold to Northstar Realty Finance, Inc. in December 2014 for approximately $4 billion.

Product overview

Griffin-American Healthcare REIT II was a public, non-listed healthcare-focused real estate investment trust sponsored by Griffin Capital Company, LLC. It was part of a series of healthcare REITs including Griffin-American Healthcare REIT III and IV. The REIT was sold to Northstar Realty Finance, Inc. in December 2014 for $4 billion.

Differentiator

Problem solved

Functional benefit

Products and services

• Griffin-American Healthcare REIT II A public, non-listed healthcare real estate investment trust sponsored by Griffin Capital that raised equity from accredited investors through private placement offerings to acquire and manage a diversified portfolio of healthcare-related real estate assets across the United States. The REIT was sold to Northstar Realty Finance, Inc. in December 2014 for approximately $4 billion.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Ventas: Ventas is a major publicly traded healthcare REIT with diversified exposure to senior housing, medical office, life science, and healthcare real estate. Comparable to Griffin-American Healthcare REIT II's defensive healthcare real estate mandate at institutional scale.
• Welltower: Welltower (formerly HCP) is one of the largest healthcare REITs in the U.S., investing across senior housing, outpatient medical, and post-acute care. Directly comparable to Griffin-American Healthcare REIT II's healthcare real estate focus, with much greater scale and a publicly traded equity currency.

Direct peers

• American Healthcare REIT: American Healthcare REIT is a publicly traded non-traded REIT (formerly Griffin-American Healthcare REIT III and IV) focused on medical office, senior housing, and skilled nursing. Most direct successor and closest living comparables to Griffin-American Healthcare REIT II.
• Sabra Health Care REIT: Sabra Health Care REIT invests in skilled nursing, senior housing, and behavioral health facilities. Comparable specialty healthcare REIT with similar property type exposure to Griffin-American Healthcare REIT II.
• National Health Investors: National Health Investors is a healthcare REIT focused on senior housing, skilled nursing, and medical office properties. Comparable portfolio composition and tenant profile to Griffin-American Healthcare REIT II.
• Griffin-American Healthcare REIT IV: Griffin-American Healthcare REIT IV was a successor non-traded healthcare REIT sponsored by Griffin Capital and was merged with REIT III into a $4.7 billion internalised vehicle in 2022. Direct successor/sister vehicle of Griffin-American Healthcare REIT II.
• Healthcare Realty Trust: Healthcare Realty Trust is a publicly traded REIT focused on medical office buildings and outpatient healthcare facilities. Closest direct peer to Griffin-American Healthcare REIT II's healthcare real estate investment strategy, with overlapping tenant base and property type focus.
• Omega Healthcare Investors: Omega Healthcare Investors is a triple-net REIT focused on skilled nursing and assisted living facilities. Comparable to Griffin-American Healthcare REIT II's healthcare real estate thesis, particularly around skilled nursing and senior housing exposure.
• Medical Properties Trust: Medical Properties Trust is a self-advised REIT focused on net-lease healthcare facilities including acute care and rehabilitation hospitals. Comparable healthcare-specialized REIT thesis to Griffin-American Healthcare REIT II.

Others

• Northstar Realty Finance: Northstar Realty Finance acquired Griffin-American Healthcare REIT II for $4 billion in 2014 and was subsequently acquired by Colony Capital. Adjacent capital markets/investment management platform that completed the takeout of the subject REIT.

Market position

Weaknesses3 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Griffin-American Healthcare REIT II