American Healthcare Investors, LLC Formed by Jeff Hanson and Danny Prosky

NEWPORT BEACH, Calif., Nov. 22, 2011 /PRNewswire/ -- Jeff Hanson and Danny Prosky announced today that earlier this month they formed and launched American Healthcare Investors LLC, a commercial real estate investment firm headquartered in Newport Beach. 

American Healthcare Investors has established a joint venture with Griffin Capital Corporation and affiliates to advise and manage Grubb & Ellis Healthcare Trust, 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 Trust, Inc.   

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.

"We formed American Healthcare Investors with one goal in mind," explained Hanson.  "And that is to continue to execute, in partnership with Griffin Capital, our established vision for the REIT, which has firmly established itself as one of the finest performing non-traded REITs in the industry."   

Hanson continues to serve as chairman of the board and chief executive officer of the REIT, in addition to being one of its largest individual stockholders. Prosky continues to serve as president, chief operating officer, and as a director.  Hanson and Prosky have served in the same roles since the inception of the REIT in 2009 and will continue to do so.   

"We are extremely proud of the exceptional economic performance of the REIT, which began acquiring assets in 2010," said Prosky. "We will continue the disciplined management approach that has delivered these results, while further enhancing the investor-friendly structural elements that differentiate us in the industry, most notably our significant alignment of interests among REIT shareholders, the management team, and the sponsor."

Hanson and Prosky have completed in excess of $13 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 $13 billion was completed as a team while they led Grubb & Ellis' investment management subsidiary for more than half a decade.

Executive Biographies

Jeff Hanson
Prior to founding American Healthcare Investors, Hanson served in a dual-capacity with Grubb & Ellis Company as chairman and chief executive officer of Grubb & Ellis Healthcare REIT II, as well as chief executive officer of the firm's investment management subsidiary from 2006 to 2011. Hanson led the company's national investment management platform, including a nationwide portfolio valued in excess of $7.0 billion, which was comprised of publicly registered non-traded REITs, separate accounts, institutional joint ventures, and private syndications.  Over the course of his career, Hanson has directly overseen more than $11 billion in combined real estate transactions across 32 states, including more than $3.5 billion of healthcare-related real estate assets.

One of the commercial real estate industry's most respected leaders, Hanson has been named National Real Estate Investor magazine's "10 to Watch"; Institutional Investor magazine's "20 Rising Stars of U.S. Real Estate"; Commercial Property News' "Rising Leader" and "Net Leased Executive of the Year."

Danny Prosky
Prosky has spent the entirety of his 20-year career in the specialized field of healthcare real estate investment, during which he has been responsible for the acquisition of more than 14 million square feet of healthcare-related properties.  He previously served as executive vice president of healthcare real estate with Grubb & Ellis Company and as the president and chief operating officer of Grubb & Ellis Healthcare REIT II.  Prior to the launch of Grubb & Ellis Healthcare REIT II, Prosky served as executive vice president of Grubb & Ellis' first healthcare REIT from 2006 to 2009. 

Previously, Prosky served in a variety of senior positions for 14 years with two publicly traded healthcare REITs, American Health Properties and Healthcare Property Investors.  HCP acquired American Health Properties in 1999 and is currently the largest publicly traded healthcare REIT in the nation.  

Prosky is a member of the Medical Office Building and Healthcare Facilities Conference Planning Committee of the Building Owners and Managers Association International (BOMA). He had previously served as either chair or vice chair of the committee from 2005 until 2010. Prosky received a bachelor's degree from the University of Colorado and a master's degree from Boston University.

About American Healthcare Investors
American Healthcare Investors, LLC is an investment management firm that specializes in 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 and Danny Prosky, who have completed in excess of $13 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 ("Griffin") is the sponsor of the Griffin Capital Net Lease REIT, Inc. (the "REIT"), a publicly-registered, unlisted real estate investment trust focused on providing individual investors dependable monthly income through the ownership of a diversified portfolio of 'business essential' office and industrial properties net leased on a long term basis to creditworthy corporate tenants.  Manifesting keen alignment of shareholder interest, the principals and certain affiliates of Griffin Capital invested over $26 million of capital into the REIT.  The REIT is offering up to $750 million in equity, which shares are distributed by Griffin Capital Securities, Inc. through leading independent broker-dealers.  Griffin Capital 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 of space 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.  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 Trust, 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.

SOURCE American Healthcare Investors, LLC