Griffin-American Healthcare REIT IV Now Selling Class I Shares
Jun 22 2016 | DI Wire
Griffin-American Healthcare REIT IV, Inc., a publicly registered non-traded real estate investment trust co-sponsored by Griffin Capital Corp and American Healthcare Investors, reported that its class I shares of common stock are now effective and available for purchase.
Last month, the company’s board of directors approved a reallocation of the new share class in its public offering. The REIT will now offer up to $2.8 billion in class T shares and up to $200 million in class I shares.
Griffin’s new share class reflects a growing number of sponsors that are moving away from fee-based share classes, with low and no-load share classes increasing in popularity.
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