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News Watch
Oklahoma City Medical Portfolio Acquired by Grubb & Ellis Healthcare REIT - 11/23/2008 2:42:13 AM

Late Monday, Delaware-based Grubb & Ellis Healthcare REIT (NYSE:GBE) announced the definitive acquisition of Oklahoma City Medical Portfolio. The acquisition will add two Oklahoma-based office buildings to the Grubb & Ellis Healthcare REIT portfolio, located on the Deaconess Hospital campus, in an effort to diversify the company. The parent company, Grubb & Ellis Company, specializes in full service commercial real estate services. Shares of Grubb & Ellis were down 10.70 percent to $3.17 at the end of the day.


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