American Healthcare REIT (AHR) has entered into a series of purchase agreements to acquire the Kensington Portfolio, a collection of eight senior housing communities, for an aggregate purchase price of $873 million. The portfolio consists of 745 units located in California, Maryland, New York, and Virginia.
Key Details
- Transaction Terms: The total purchase price is $873 million, with AHR making an initial non-refundable escrow deposit of $8.73 million.
- Closing Timeline: The acquisition is structured with multiple closing dates. The initial closing is scheduled for September 1, 2026, with subsequent closings for other properties contingent on conditions such as lender consent and property performance, anticipated by year-end 2026.
- Financing: AHR plans to finance the transaction through a combination of equity offerings, borrowings under its credit agreement, assumption of existing debt, and cash on hand.