American Healthcare REIT Announces Pricing of Upsized Primary Public Offering of Common Stock

Core Viewpoint - American Healthcare REIT, Inc. has announced a public offering of 17,400,000 shares of common stock priced at $23.55 per share, with an option for underwriters to purchase an additional 2,610,000 shares [1][2]. Group 1: Offering Details - The net proceeds from the offering will be used to acquire a 24% minority membership interest in Trilogy Holdings, LLC and to repay certain outstanding debt [2]. - The offering is expected to close on September 20, 2024, subject to customary closing conditions [2]. Group 2: Underwriters - BofA Securities, Morgan Stanley, and KeyBanc Capital Markets are acting as joint book-running managers for the offering [3]. - Citigroup, RBC Capital Markets, Truist Securities, and Barclays are serving as book-running managers, while Citizens JMP, Fifth Third Securities, Regions Securities LLC, and Credit Agricole CIB are co-managers [3]. Group 3: Company Overview - American Healthcare REIT, Inc. is a self-managed REIT that focuses on acquiring, owning, and operating a diversified portfolio of clinical healthcare real estate properties, including outpatient medical buildings, senior housing, and skilled nursing facilities [6].