Mathieu Streiff Joins American Healthcare Investors as Principal
NEWPORT BEACH, Calif., Nov. 29, 2011 /PRNewswire/ -- American Healthcare Investors, a commercial real estate investment firm that specializes in the acquisition and management of healthcare-related properties, announced today that Mathieu Streiff has joined the company as a principal.
"Matt offers a rare blend of sharp legal intellect with extensive real estate investment expertise and operational know-how," said Jeff Hanson, principal of American Healthcare Investors. "His insight and experience will provide immeasurable value to our company and investors."
Streiff previously served as executive vice president and general counsel of Grubb & Ellis Company, where he oversaw all legal matters for the company, including risk mitigation initiatives, corporate structuring and compliance, as well as legal strategy.
Prior to his appointment as general counsel, Streiff served as senior vice president of investment operations and chief real estate counsel for Grubb & Ellis' investment management subsidiary. In this role, he was responsible for all real estate-related legal matters, and directly oversaw the operations of the company's public, private, and institutional investment vehicles, including acquisitions, dispositions, and structured finance functions across a diverse range of investment offerings.
Streiff previously served as an associate in the real estate department of Latham & Watkins LLP in New York, where he represented principals, developers and lenders in structuring commercial real estate transactions. Streiff earned a juris doctorate from Columbia University and a bachelor's degree from the University of California, Berkeley.
"American Healthcare Investors represents a reunion of the senior executive team that launched Grubb & Ellis Healthcare REIT II, established its investment strategy, and is responsible for its industry-leading performance," said Streiff. "Our team has established itself as the premier manager of healthcare-focused non-traded REITs in the industry, a strong track record we are excited to further enhance as we maintain our singular focus on building stockholder value."
American Healthcare Investors has established a joint venture with Griffin Capital Corporation and affiliates to advise and manage Grubb & Ellis Healthcare REIT II, a publicly registered non-traded real estate investment trust that currently owns a portfolio of healthcare properties valued in excess of $430 million and seeks to raise up to $3.0 billion in equity capital. The REIT will be renamed Griffin-American Healthcare REIT II in the coming weeks.
On Nov. 8, the independent members of the REIT's board of directors announced that it had elected to replace Grubb & Ellis as sponsor with American Healthcare Investors and Griffin Capital as co-sponsors. It also appointed Griffin Capital Securities as replacement dealer-manager.
Hanson, Streiff and Danny Prosky, the third principal of American Healthcare Investors, have completed in excess of $15 billion in aggregate acquisition and disposition transactions during their careers in commercial real estate investment, $5.0 billion of which has been healthcare-related real estate transactions. Approximately $8.0 billion of the $15 billion was completed as a team while they led Grubb & Ellis' investment management subsidiary for more than half a decade, from 2006 through 2011.
About American Healthcare Investors
American Healthcare Investors, LLC is an investment management firm that specializes in the acquisition and management of healthcare-related real estate, including medical office buildings, skilled nursing facilities, assisted living facilities and hospitals. The company was founded by nationally recognized real estate investment executives Jeff Hanson, Danny Prosky and Mathieu Streiff, who have completed in excess of $15 billion in aggregate acquisition and disposition transactions during their careers, $5.0 billion of which has been healthcare-related real estate transactions. Approximately $8.0 billion of the $15 billion was completed as a team while they led Grubb & Ellis' investment management subsidiary for more than half a decade. American Healthcare Investors is committed to providing investors with access to the potential benefits that healthcare-related real estate ownership can provide. For more information regarding American Healthcare Investors, please visit www.AmericanHealthcareInvestors.com.
About Griffin Capital
Los Angeles-based Griffin Capital Corporation has a sixteen-year track record sponsoring real estate investment vehicles and managing institutional capital. Led by senior executives, each with more than two decades of real estate experience who have collectively closed more than 400 transactions representing over $14.0 billion in transaction value, Griffin Capital has acquired or constructed over 11 million square feet since 1996, and currently manages a portfolio of more than 8.5 million square feet located in 13 states, representing approximately $1 billion in asset value. Griffin Capital is the sponsor of Griffin Capital Net Lease REIT, Inc., a publicly-registered, non-traded real estate investment trust. Manifesting keen alignment of shareholder interest, the principals and certain affiliates of Griffin Capital invested over $26 million of capital into Griffin Capital Net Lease REIT, shares of which are distributed by Griffin Capital Securities, Inc. through leading independent broker-dealers. For more information regarding Griffin Capital, please visit www.griffincapital.com.
About Grubb & Ellis Healthcare REIT II, Inc. (to be re-named Griffin-American Healthcare REIT II, Inc.)
Grubb & Ellis Healthcare REIT II, Inc. is a real estate investment trust that seeks to preserve, protect and return investors' capital contributions, pay regular cash distributions, and realize growth in the value of its investments upon the ultimate sale of such investments. With a current nationwide portfolio valued in excess of $430 million, Grubb & Ellis Healthcare REIT II is seeking to raise up to $3 billion in equity and to acquire a diversified portfolio of real estate assets, focusing primarily on medical office buildings and other healthcare-related facilities. For more information regarding Grubb & Ellis Healthcare REIT II, please visit www.gbe-reits.com/healthcare2.
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SOURCE American Healthcare Investors, LLC
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