AHR Closes ~$712 Million Public Offering of 13.25 Million Common Shares

American Healthcare REIT, Inc. (AHR) has closed its public offering of 13,250,000 shares of common stock on a forward basis. The company entered into an underwriting agreement on August 10, 2026, with underwriters including Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., and KeyBanc Capital Markets Inc. Net proceeds are intended to fund a pending acquisition of a portfolio of senior housing properties.

Key Details

• Offering Size: The offering consists of 13,250,000 shares of common stock. Underwriters also have a 30-day option to purchase up to an additional 1,987,500 shares.
• Forward Sale Agreement: The company entered into forward sale agreements, intending to physically settle the agreements by delivering the shares in exchange for cash proceeds on one or more dates no later than August 10, 2028.
• Use of Proceeds: Net proceeds from the settlement will be used to finance the pending acquisition of a senior housing portfolio, with any remainder allocated to potential future investments and general corporate purposes.