Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Energy International Ltd. > News item |
Griffin-American Healthcare REIT IV draws on revolver for acquisition
By Angela McDaniels
Tacoma, Wash., May 26 – Griffin-American Healthcare REIT IV, Inc. used borrowings under its revolving line of credit with Bank of America, NA and KeyBank, NA to fund an acquisition, according to an 8-K filing with the Securities and Exchange Commission.
The company acquired five senior housing facilities from A&M Property Holding, LLC on May 22 for $31.8 million plus closing costs.
The company also used cash proceeds from its initial public offering to fund the purchase.
Griffin-American is an Irvine, Calif.-based real estate investment trust building a portfolio of health-care real estate assets.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.