American Healthcare REIT’s (NYSE: AHR) skilled nursing occupancy levels were down due to seasonality although executives remained optimistic and revised guidance for fiscal 2024 upwards, saying that demand across all its four segments was expected to remain strong. “As we enter the latter half of 2024 demand and growth for health care real estate remains […]
Executives for American Healthcare REIT (NYSE: AHR) said that long-term care’s operational environment has normalized, allowing the company to eliminate most of its agency staffing and labor expenses. “[Decreased agency use] is a very positive development,” Gabe Willhite, chief operating officer, said during the company’s first quarter earnings call. “And there’s nothing to suggest that […]
American Healthcare REIT fell short of its targeted initial public offering (IPO) amount, raising $672 million. The Irvine, California-based real estate investment trust was aiming to raise up to $840 million. Shares were sold at the bottom of a marketed range, adding to a run of modest performances as more companies moved ahead with new […]
American Healthcare REIT announced Monday the terms of its expected initial public offering (IPO), saying that it was aiming to raise up to $840 million. The California-based real estate investment trust’s (REIT) primary operating partner is Louisville, Kentucky-based Trilogy Health Services, which is one of the nation’s largest skilled nursing and senior living providers. The […]
By Tim Regan American Healthcare REIT, the majority owner of Trilogy Health Services, is filing for an initial public offering nearly one year after its $4.2 billion merger. The Irvine, California-based real estate investment trust (REIT) is seeking to list shares of common stock on the New York Stock Exchange as part of an initial public […]
American Healthcare REIT plans to increase its investment in skilled nursing operator Trilogy Health Services post-merger, CEO Danny Prosky told Skilled Nursing News. It’s going to be the real estate investment trust’s (REIT) “primary source of growth” in the SNF market. Trilogy, the 12th-largest senior living provider in the United States according to 2020 Argentum […]
Skilled nursing was one of 11 “alternative asset classes” to outpace real estate investment trust (REIT) transactions in more traditional markets, according to a report released by JLL this week. The SNF sector, along with other alternative classes, made up more than 60% of REIT equity market capitalization — some of the largest domestic and […]
American Healthcare REIT late last week announced its completed merger with Griffin-American Healthcare REIT III, creating a combined $4.2 billion in healthcare real estate assets. Danny Prosky, CEO and president of the newly combined company, said in a statement the real estate investment trust (REIT) is “strategically positioned” to go public. During an investor presentation […]
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