Grubb & Ellis Healthcare REIT II Meets Ohio's Minimum Offering
02 February 2010 - 9:04AM
PR Newswire (US)
SANTA ANA, Calif., Feb. 1 /PRNewswire-FirstCall/ -- Grubb &
Ellis Healthcare REIT II, Inc. today announced that it has received
and accepted subscriptions aggregating 2,000,000 shares of its
common stock, or $20 million, therefore satisfying the minimum
offering amount required by the state of Ohio. Ohio residents can
now be accepted as stockholders. About Grubb & Ellis Healthcare
REIT II Grubb & Ellis Healthcare REIT II, Inc. intends to
qualify as 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. Grubb &
Ellis Healthcare REIT II is seeking to raise up to approximately $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. Grubb & Ellis Healthcare
REIT II is sponsored by Grubb & Ellis Company (NYSE:GBE). Named
to The Global Outsourcing 100(TM) in 2009 by the International
Association of Outsourcing Professionals(TM), Grubb & Ellis is
one of the largest commercial real estate services and investment
companies in the world. Grubb & Ellis Company's 6,000
professionals in more than 130 company-owned and affiliate offices
draw from a unique platform of real estate services, practice
groups and investment products to deliver comprehensive, integrated
solutions to real estate owners, tenants and investors. The firm's
transaction, management, consulting and investment services are
supported by highly regarded proprietary market research and
extensive local expertise. Through its investment subsidiaries, the
company is a leading sponsor of real estate investment programs
that provide individuals and institutions the opportunity to invest
in a broad range of real estate investment vehicles, including
publicly registered non-traded real estate investment trusts
(REITs), tenant-in-common (TIC) investments suitable for tax
deferred 1031 exchanges, separate accounts and other real estate
investment funds. For more information, visit
http://www.grubb-ellis.com/. THIS IS NEITHER AN OFFER TO SELL NOR
AN OFFER TO BUY ANY SECURITIES DESCRIBED HEREIN. OFFERINGS ARE MADE
ONLY BY MEANS OF A PROSPECTUS OR OFFERING MEMORANDUM. DATASOURCE:
Grubb & Ellis Healthcare REIT II, Inc. CONTACT: Damon Elder of
Grubb & Ellis Healthcare REIT II, Inc., +1-714-975-2659, Web
Site: http://www.grubb-ellis.com/
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