Managed Care Weekly Digest
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Business & Finance
NNN Healthcare/Office REIT exceeds minimum offering of 200,000 shares required in offering
February 12th, 2007
As of January 8, 2007, NNN Healthcare/Office REIT, Inc., or the company, has received and accepted subscriptions for 200,846 shares of common stock, or $2,004,030, thereby exceeding the minimum offering of 200,000 shares required to be sold in its public offering of up to 200,000,000 shares. Having reached the minimum offering amount, the offering proceeds were released by the escrow agent to the company and are available for acquisition of properties and other purposes disclosed in our prospectus. On October 4, 2006, the company's board of directors authorized its officers to take the necessary actions to acquire (i) the Crawfordsville Medical...
Source: Managed Care Weekly Digest (2007-02-12)
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