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Griffin-American Healthcare REIT IV meets best-efforts offering escrow requirement

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Griffin-American Healthcare REIT IV meets best-efforts offering escrow requirement

Griffin-AmericanHealthcare REIT IV, in connection with its best-efforts of up to $3.15 billion of commonstock, met the minimum $2 million of common stock offering requirement of its escrowagreement on April 12.

With the minimum offering amount now released from escrow, investmentsunder irrevocable stock purchase plans entered into by certain executives of thecompany and American Healthcare Investors LLC, its co-sponsor, will now begin, accordingto an April 14 filing.

The company's board on April 13 approved a daily distributionequating 0.164384 per common share, which will be paid to stockholders of recordas of the close of business on each day of the period from May 1 through June 30.The company will pay the aggregate amount of the distributions monthly in arrears,either in cash or common shares based on its distribution reinvestment plan.

The company said it would pay in June and July the distributionsdeclared for each record date in the respective May and June periods.