Rowlett MOB sells to Calif. REIT

ROWLETT – Griffin-American Healthcare REIT II Inc. has acquired 13 buildings known as the Pacific Northwest Senior Care Portfolio, as well as an additional seven medical office by the REIT for an aggregate purchase price of approximately $103 million.

Three of the seven medical office buildings are located in Texas and had a purchase price of $12.35 million, according to filings with the Securities and Exchange Commission.

Rowlett Medical Office Building is a single-story building constructed in 2005 consisting of approximately 16,000 sf. The medical office building is currently 100 percent leased to three tenants, including Texas Health Resources.

The other two Texas properties are located in Killeen and Temple. The Killeen, Rowlett and Temple properties were acquired from Caddis Partners, an unaffiliated third party.

Read more at CoStar Group.