News & Events zu American Healthcare REIT, Inc. (AHR)AHRAmerican Healthcare REIT, Inc.

American Healthcare REIT Acquires Eight Senior Housing Communities for Approximately $696M

American Healthcare REIT announced the acquisition of eight Class A senior housing communities for approximately $696M, establishing a new operating relationship with LCB Senior Living and a substantial presence in supply-constrained East Coast markets. AHR's total year-to-date investments now exceed $2B and the Company's awarded investment pipeline stands at approximately $675M, which it expects to close with match funded equity proceeds from unsettled forward agreements. Despite having multiple sellers, the ten communities were marketed together. The acquisitions were executed through a series of transactions over a coordinated six-week process allowing AHR to obtain the eight assets it views as core to its capital allocation strategy, while simultaneously facilitating the acquisition of the other two assets by another leading institutional investor to accommodate the sellers' desire for a broader portfolio execution. Subsequent to securing the assets, AHR assigned its purchase and sale agreements for the two non-target communities to the other institutional investor, which acquired them at AHR's allocated basis for those properties. AHR completed its acquisition of the eight target communities in phases over a three week process that concluded in early August. The institutional investor completed its acquisition of the two additional communities in late-August.

American Healthcare REIT Appoints Aric Chang as CFO

American Healthcare REIT has appointed Aric Chang CFO, effective October 1. Chang succeeds Brian Peay, who is retiring after 10 years as CFO. Peay will continue to serve in the role through September 30. Chang joins AHR from Public Storage, where he serves as Chief Financial Officer, Real Estate. Peay joined the company in 2016. At J.P. Morgan Asset Management, a major investment platform with more than $80B of real estate assets under management, Chang served as an Executive Director and a member of the real estate investment committee from 2015 to 2022.

Morgan Stanley, Citi, and KeyBanc Jointly Manage Offering

The deal range was $53.75-$54.75. Morgan Stanley, Citi and KeyBanc acted as joint book running managers for the offering.