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Griffin-American Healthcare REIT IV buys Texas assisted living facility

Co-sponsors of Griffin-American Healthcare REIT IV, American Healthcare Investors LLC and Griffin Capital Company LLC, have announced the acquisition of a Texas-based assisted living facility. The price of the acquisition was $19.5 million, PE Hub reported. Situated on 4.38 acres of land, the facility consists of 79 units and approximately 61,000 square feet of assisted living and memory care space.

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Real Estate,commercial real estate deals,commercial real estate