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Investment trust to buy Fort Mill medical building

Griffin-American Healthcare REIT III Inc. has entered into an agreement to buy the 58,000-square-foot Carolina Commons Medical Office Building in Fort Mill, S.C., the company said in an announcement.

The Class A building was built in 2009 at 6237 Carolina Commons Drive and is 87 percent leased.

The building’s anchor tenant is Novant Health and other tenants include Metrolina Eye and Carolina Orthopaedic Surgery Associates.

Griffin-American is co-sponsored by American Healthcare Investors and Griffin Capital Corp.

“Carolina Commons Medical Office Building is another newly built, modern facility with desirable tenancy in a growing and affluent metro region that will join the portfolio of Griffin-American Healthcare REIT III,” said Dan Prosky, a principal of American Healthcare Investors and president and chief operating officer of Griffin-American Healthcare REIT III.

Griffin-American Healthcare REIT III, Inc. intends to qualify as a real estate investment trust for federal income tax purposes and to build a balanced and diversified portfolio of healthcare real estate assets, focusing primarily on medical office buildings, senior housing facilities, skilled nursing facilities and hospitals.

American Healthcare Investors is an investment management firm that specializes in the acquisition and management of healthcare-related real estate, including medical office buildings, skilled nursing facilities, senior housing and hospitals.

Griffin Capital is a privately-owned real estate company headquartered in Los Angeles. Griffin Capital and affiliates have acquired or constructed over 30 million square feet of space since 1995, and currently own, manage, sponsor and/or co-sponsor an institutional-quality portfolio of approximately 27 million square feet located in 32 states and 1 million square feet located in the United Kingdom, representing approximately $5.2 billion in asset value, based on purchase price.

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