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Griffin-American Healthcare REIT III unit increases revolver by $25M

Griffin-American Healthcare REIT III Inc. said its operating partnership increased its existing $300.0 million revolving credit agreement by $25.0 million.

The increase brings the total borrowing capacity under the company's credit facilities to $575.0 million, with $528.5 million of outstanding borrowings.

Bank of America NA serves as the administrative agent while KeyBank NA acts as syndication agent.