Griffin-American Healthcare REIT IV announces $3.15 billion IPO

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Griffin-American Healthcare REIT IV Inc. is planning a $3.15 billion offering of common stock, the real estate investment trust announced Feb. 17.

The entity intends to qualify as a REIT and invest the in a portfolio of healthcare real estate assets, focusing primarily on senior housing facilities, skilled nursing facilities, hospitals and medical office buildings.

Griffin-American Healthcare REIT IV expects to offer up to 300 million shares of its common stock at $10 per share and up to an additional 15,789,474 shares of its common stock for issuance under its distribution reinvestment plan at $9.50 per share in a publicly registered, non-traded offering.

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