NorthStar reportedly near deal to buy Griffin-American for $4B

|By:, SA News Editor

ARC Healthcare (HCT +0.2%) was previously supposed to be in exclusive talks to buy Griffin-American Healthcare REIT for about $3.7B, but that report was played down by CEO Tom DeRosa last month (HCT is in the process of a sale to Ventas).

Now, the FT's Ed Hammond reports NorthStar Realty Finance (NRF -0.4%) is in advanced talks with Griffin for about $4B. A deal would be especially nice for recent spinoff NorthStar Asset Management (NSAM +2.8%) which would have a lot more assets to manage.