IRVINE,
Calif., Feb. 9, 2024 /PRNewswire/ -- American
Healthcare REIT, Inc., (the "Company"), a self-managed real estate
investment trust ("REIT") that acquires, owns and operates a
diversified portfolio of clinical healthcare real estate
properties, focusing primarily on medical office buildings, senior
housing, skilled nursing facilities, hospitals and other
healthcare-related facilities, announced today that it has
completed its public offering of 64,400,000 shares of its common
stock at a price to the public of $12.00 per share. This includes the exercise in
full by the underwriters of their option to purchase up to an
additional 8,400,000 shares of common stock in the offering to
cover overallotments.
Shares of the Company's common stock began trading on the New
York Stock Exchange on February 7,
2024 under the symbol "AHR."
The Company intends to use the net proceeds received from the
offering to repay approximately $717.6
million of the amount outstanding under its credit
facility.
BofA Securities and Morgan Stanley acted 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. Citizens JMP, Fifth Third Securities,
Regions Securities LLC and Credit Agricole CIB acted as co-managers
for the offering.
The offering was made only by means of a prospectus. Copies of
the final prospectus relating to the offering may be obtained from:
BofA Securities, NC1-022-02-25, Attn: Prospectus Department, 201
North Tryon Street, Charlotte, NC
28255-0001 or by email to dg.prospectus_requests@bofa.com; Morgan
Stanley & Co. LLC, Attn.: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, NY
10014; KeyBanc Capital Markets, Attention: Equity Syndicate, 127
Public Square, 7th Floor, Cleveland,
OH 44114, by fax at 1-216-689-0845; or Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717 (Tel:
800-831-9146).
A registration statement relating to the offering has been filed
with the SEC and has been declared effective. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy securities, nor shall there be any sale of securities
in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About American Healthcare REIT, Inc.
American
Healthcare REIT, Inc. is a self-managed REIT that acquires, owns
and operates a diversified portfolio of clinical healthcare real
estate properties, focusing primarily on medical office buildings,
senior housing, skilled nursing facilities, hospitals and other
healthcare-related facilities. As of September 30, 2023, its total assets of
approximately $4.6 billion consisted
of 298 buildings and integrated senior health campuses owned and/or
operated by the Company that are located in 36 states, the
United Kingdom and the
Isle of Man, representing
approximately 18.9 million square feet of gross leasable area.
Contact:
Alan Peterson
VP, Investor Relations & Finance
(949) 270-9200
investorrelations@ahcreit.com
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SOURCE American Healthcare REIT, Inc.
