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Griffin-American Healthcare REIT III
Griffin-American Healthcare REIT III operates as a publicly registered, non-traded real estate investment trust sponsored by Griffin Capital Company.
Griffin-American Healthcare REIT III
Griffin-American Healthcare REIT III operates as a publicly registered, non-traded real estate investment trust sponsored by Griffin Capital Company. The vehicle was structured to acquire a diversified portfolio of healthcare-related properties across the United States, with a focus on medical office buildings, seniors housing facilities, and post-acute care assets. The firm's co-headquarters in El Segundo, California and Greenwood Village, Colorado reflect the dual operational footprint of its sponsor, which has historically managed a suite of alternative investment products distributed through independent broker-dealers and registered investment advisors. The REIT's investment strategy centers on acquiring properties net-leased to healthcare operators, generating rental income that supports investor distributions. The portfolio spans multiple property types, including medical office buildings leased to physician groups and health systems, assisted living and memory care communities operated by regional seniors housing providers, and skilled nursing facilities. Geographic exposure covers multiple US regions, with a concentration in markets exhibiting favorable demographics and healthcare utilization trends. The sponsor's distribution-oriented structure favors stabilized, cash-flowing assets over development or heavy repositioning, aligning with the yield expectations of its retail investor base. Team leadership and precise deployment totals remain opaque in public filings. Griffin Capital, the sponsor, has historically been led by Chairman and CEO Kevin Shields and President Jeff Hanson, though their direct oversight of REIT III specifically is not publicly detailed. The broader Griffin Capital platform, which also launched Griffin-American Healthcare REIT IV and other interval funds, creates adjacent vehicles that share back-office infrastructure and distribution relationships. A verifiable recent operational event within the last 24 months could not be identified from public record for this specific vehicle. The structural differentiator for Griffin-American Healthcare REIT III lies in its capital formation model. Unlike institutionally backed healthcare REITs such as Welltower or Ventas, Griffin-American raises equity through a network of financial advisors, giving retail investors access to a sector typically dominated by large public operators. This distribution architecture — combining real estate exposure with non-traded liquidity — creates a distinct governance profile where sponsor alignment and fee structures are the primary lens for evaluation, rather than institutional co-investment or direct operating control.
General information
Firm type
Multi Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
El Segundo
Corporate office
El Segundo, CA, United States
Additional offices
Greenwood Village, CO, United States
Sector focus
Frequently asked questions
Who sponsors Griffin-American Healthcare REIT III and what is the management structure?
Griffin-American Healthcare REIT III is sponsored by Griffin Capital Company, a private alternative investment manager. Griffin Capital was founded by Kevin Shields, who serves as Chairman and CEO, and Jeff Hanson, who serves as President. The sponsor manages a suite of non-traded REITs and interval funds, and the management team is responsible for sourcing, underwriting, and managing the REIT's healthcare property portfolio.
What types of healthcare properties does the REIT acquire?
The REIT targets a diversified mix of healthcare real estate, primarily focusing on medical office buildings, seniors housing facilities including assisted living and memory care, and post-acute care assets such as skilled nursing facilities. Properties are typically acquired via net leases, where the tenant operator is responsible for property-level expenses, providing a predictable income stream to the REIT.
How does a non-traded REIT differ from a publicly traded healthcare REIT?
Unlike publicly traded REITs such as Welltower or Ventas, a non-traded REIT does not list its shares on a national exchange, meaning investor liquidity is limited and typically occurs through a share redemption program or a future liquidity event like a listing or merger. Distributions are a primary return mechanism during the holding period, and valuation is based on an estimated net asset value per share, which is set periodically by the board rather than daily market pricing.
What is the typical investment structure for the REIT's acquisitions?
The REIT primarily acquires properties through direct asset purchases, often using a combination of equity raised from investors and property-level debt. The sponsor's strategy favors stabilized, income-generating properties with in-place cash flow. The REIT generally does not operate as a fund-of-funds or invest in other real estate vehicles, maintaining direct ownership of the underlying healthcare real estate.
How does Griffin-American Healthcare REIT III relate to other Griffin Capital vehicles?
Griffin-American Healthcare REIT III is part of a series of healthcare-focused non-traded REITs sponsored by Griffin Capital. The firm has also launched successor vehicles, including Griffin-American Healthcare REIT IV, as well as interval funds and other alternative investment products. Each REIT is a separate entity with its own portfolio, but they share the same sponsor, distribution relationships, and operational infrastructure under the Griffin Capital platform.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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