US REIT acquires Caring Homes portfolio

Griffin-American Healthcare REIT II has acquired Myriad Healthcare’s Caring Homes portfolio in a sale and leaseback agreement for £298.5m. Under the terms of the agreement, the 44 homes will be leased back to Myriad, operating as Caring Homes, under 35-year leases with annual rent increases with the lease obligations guaranteed by Myriad’s parent company and…

Membership Required

You must be a CM Subscriber to view this content.

Subscribe Now »

Already have an account?