Bidders vie for Griffin-American Healthcare REIT II

In the bidding for Griffin-American Healthcare REIT II, four finalists have emerged, with a winner likely to be named soon and a deal finalized within about two weeks. The transaction is expected to value the non-traded REIT at about $3.7 billion. The deal also reflects a strong market for health care related real estate and a rising willingness by retail investors to invest in non-traded REITs.

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