SANTA ANA, Calif., Aug. 25 /PRNewswire/ -- Grubb & Ellis Healthcare REIT II, Inc. today announced that its registration statement pertaining to an initial public offering of approximately $3.3 billion in common stock was declared effective by the Securities and Exchange Commission on Aug. 24, 2009.
Grubb & Ellis Healthcare REIT II intends to qualify as a publicly registered, non-traded real estate investment trust offering up to 300,000,000 shares of its common stock for sale at $10.00 per share and up to an additional 30,000,000 shares of its common stock for issuance under its distribution reinvestment plan at $9.50 per share. Grubb & Ellis Healthcare REIT II intends to use the proceeds from the offering to invest in a diversified portfolio of real estate properties, focusing primarily on medical office buildings and other healthcare-related facilities, and to pay fees and expenses associated with the offering.
A copy of the final prospectus for the offering is available without charge upon written request addressed to Grubb & Ellis Healthcare REIT II, Inc., c/o Grubb & Ellis Securities, Inc., 4 Hutton Centre, Suite 700, Santa Ana, Calif., 92707. Phone inquiries may be directed to 877.888.7348.
|SOURCE Grubb & Ellis Healthcare REIT II, Inc.|
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