Griffin-American Healthcare REIT IV, Inc., is moving into the St. Louis MSA on a large scale, but on the other side of the Mississippi River. Featuring 221 units and five independent/assisted living properties in Columbia, Millstadt, Red Bud and Waterloo, Illinois, the portfolio is 100% private pay and will be operated by an affiliate of Compass Senior Living under a 15-year absolute net lease with two 10-year renewal options. Annual rent escalators are 5.5% after the first year and 2.5% thereafter. Compass now owns/operates 19 seniors housing communities in Arizona, California, Illinois, New Mexico, Oregon and Wisconsin. Griffin-American, which is co-sponsored by American Healthcare Investors and Griffin Capital Company, financed the acquisition with cash on hand and from its revolving line of credit with Bank of America and KeyBank. Jeff Binder and Patrick Byrne of Senior Living Investment Brokerage handled the transaction.