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Thursday, Apr 23, 2026

Irvine Healthcare REIT Sale Possible

Irvine-based Griffin-American Healthcare REIT II, an owner of healthcare-related real estate properties, could be bought by NorthStar Realty Finance Corp. of New York, according to news reports.

A cash-and-stock deal would value the nontraded real estate investment trust at $3.5 billion to $3.7 billion, according to a report in the Wall Street Journal. Exclusive discussions between the two companies were reportedly scheduled to expire on Friday. If a deal wasn’t reached by then, Griffin-American could start talking to other bidders, according to the Wall Street Journal.

The REIT was founded in 2009 and has raised about $2.8 billion from investors. It owns more than 280 properties.

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Mark Mueller
Mark Mueller
Mark is the former Editor-in-Chief and current Community Editor of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.

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