American Healthcare REIT Plans Initial Public Offering

by Jeff Shaw

IRVINE, Calif. — American Healthcare REIT Inc., a formerly private REIT focusing primarily on medical office buildings, seniors housing, skilled nursing facilities, hospitals and other healthcare-related facilities, has announced plans for its public offering of 56 million shares of its common stock.

The initial public offering price is expected to be between $12 and $15 per share. The company’s common stock has been approved for listing, subject to official notice of issuance, on the New York Stock Exchange under the symbol AHR.

Irvine-based AHR intends to use the net proceeds received from the proposed offering to repay approximately $703.8 million of the amount outstanding under its credit facility.

BofA Securities and Morgan Stanley are acting as lead book-running managers for the offering. KeyBanc Capital Markets, Citigroup, RBC Capital Markets, Barclays and Truist Securities are acting as bookrunners for the offering. JMP Securities, A Citizens Company, Fifth Third Securities, Regions Securities LLC and Credit Agricole CIB are acting as co-managers for the offering.

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