Griffin-American Healthcare REIT Determines NAV, Revises Offering Price
April 10, 2018 | Beth Glavosek | Blue Vault
Griffin-American Healthcare REIT IV, Inc. has announced an estimated per share net asset value (NAV) of $9.65 for shares of the company’s Class T and Class I common stock. The valuation was performed by CBRE Capital Advisors, Inc. In a statement to stockholders, the company says, “We are very pleased with this initial valuation of our portfolio, which represents growth of approximately 11.3% in the value of our properties compared to the aggregate contract purchase price, based on the mid-point of the estimated range of values provided by CBRE Cap in its valuation report.”
At the same time, the company’s Board unanimously approved revised offering prices for shares of its Class T common stock and Class I common stock sold pursuant to its primary offering on or after April 11, 2018, of $10.05 per share and $9.65 per share, respectively.
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