Griffin-American Healthcare REIT IV Extends Share Offerings
February 20, 2018 | Sue Hatfield-Green | Blue Vault
In a February 14, 2018, SEC filing, Griffin-American Healthcare REIT IV, Inc. ("the REIT"), disclosed its extension of the offering of Class T and Class I shares of common stock until February 16, 2019. As of February 9, 2018, the REIT had sold approximately $412,357,000 of Class T shares of common stock and approximately $22,392,000 of Class I shares of common stock, exclusive of shares of common stock through its distribution reinvestment plan (DRIP). Over $2.387 billion in shares of Class T common stock and over $177.6 million in shares of Class I common stock remained available for sale to the public as of February 9, 2018.
The REIT entered into an advisory agreement on February 16, 2016, and a Mutual Consent to Renew Advisory Agreement on February 13, 2017, with its operating partnership and advisor. On February 14, 2018, the REIT entered into an additional Mutual Consent to Renew Advisory Agreement. The renewed advisory agreement will terminate on February 16, 2019, unless it is terminated in accordance with the terms of the advisory agreement or renewed for an additional one-year term.
Griffin-American Healthcare REIT IV, Inc., is sponsored by American Healthcare Investors and Griffin Capital Company, LLC. The REIT seeks to capitalize on the growth of undeniable demographic trends, the strength of the healthcare industry, and expertise of a management team dedicated exclusively to healthcare real estate.
Learn more about Griffin Capital Company on the Blue Vault Sponsor Focus page