American Healthcare REIT Acquires Remaining Minority Membership Interest in Trilogy REIT Holdings; Becomes Sole Owner of Trilogy REIT Holdings

Core Insights - American Healthcare REIT, Inc. has acquired the remaining 24% minority membership interest in Trilogy REIT Holdings, LLC for approximately $258 million, making it the sole owner of Trilogy Holdings and its Integrated Senior Health Campuses [1][2] - The acquisition was funded through net proceeds from a recent equity offering, which also allowed the company to repay about $194 million of outstanding debt [1][2] - Following the acquisition, the ISHC segment is projected to account for approximately 55.3% of the company's total portfolio cash net operating income for the three months ended June 30, 2024 [1] Transaction Details - The purchase price for the 24% minority interest included a base price of $247 million and an additional pro-rata distribution of approximately $11 million [1] - The acquisition was completed on September 20, 2024, coinciding with the closing of the equity offering [1] Company Overview - American Healthcare REIT, Inc. is a self-managed real estate investment trust focused on acquiring, owning, and operating a diversified portfolio of clinical healthcare real estate properties, including outpatient medical buildings, senior housing, and skilled nursing facilities [3] - The company's properties are located in the United States, the United Kingdom, and the Isle of Man [3]