Griffin-American Healthcare REIT IV Athens Medical Office. (Photo: Griffin-American Healthcare REIT IV)

Griffin-American Healthcare REIT IV has acquired a medical office property in the Phoenix suburb of Surprise, Arizona, for USD11.7 million.

The property was built in 2012, and has a gross floor area of approximately 34,000 square feet.

Griffin-American Healthcare REIT IV acquired the property from Banyan Surprise Plaza LLC, an unaffiliated third-party entity represented by Diana Shirek of JDS Real Estate Services.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.