Paul, Weiss client NorthStar Realty Finance Corp. and Griffin-American Healthcare REIT II, Inc. announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which NorthStar Realty will acquire all of the outstanding shares of Griffin-American in a stock and cash transaction valued at $4 billion, including approximately $600 million of debt, establishing NorthStar Realty as a leading investor in the healthcare real estate sector.
The Paul, Weiss team acting as legal counsel to NorthStar Realty included corporate partners Robert Schumer and Bruce Gutenplan and counsel Joel Karansky; real estate partners Salvatore Gogliormella and Harris Freidus and counsel Barry Langman; and tax partner Scott Sontag.
