American Healthcare REIT, Inc. (AHR) Plans to Raise $756 Million in February 7th IPO

American Healthcare REIT, Inc. (AHR) expects to raise $756 million in an initial public offering (IPO) on Wednesday, February 7th, IPO Scoop reports. The company will issue 56,000,000 shares at a price of $12.00-$15.00 per share.

In the last twelve months, American Healthcare REIT, Inc. generated $1.8 billion in revenue and had a net loss of $95.2 million. The company has a market-cap of $1.7 billion.

BofA Securities, Morgan Stanley, KeyBanc Capital Markets and Citigroup acted as the underwriters for the IPO and JMP Securities, Regions Bank, Fifth Third Securities and Credit Agricole were co-managers.

American Healthcare REIT, Inc. provided the following description of their company for its IPO: ”  We are a leading internally managed REIT that acquires, owns and operates a diversified portfolio of clinical healthcare real estate properties, focusing primarily on medical office buildings (MOBs), senior housing, skilled nursing facilities (SNFs), hospitals and other healthcare-related facilities. We have built a fully integrated management platform, with approximately 113 employees, that operates clinical healthcare properties throughout the United States, the United Kingdom and the Isle of Man. As of June 30, 2022, we had approximately $4.5 billion of total assets and were the ninth-largest public reporting healthcare REIT (based on total assets). As of June 30, 2022, we owned and/or operated 313 buildings and integrated senior health campuses, representing an aggregate of approximately 19.5 million square feet of gross leasable area (GLA). Our long-standing track record of execution and expertise across multiple clinical healthcare asset classes is the foundation upon which we have built a strong, diversified portfolio of assets with a broad geographic footprint. Members of our management team have overseen the acquisition of approximately $9.3 billion in healthcare real estate investments (based on aggregate contract purchase price) over the last 16 years, on behalf of us and three other prior public reporting REITs. This long-standing track record of execution has allowed us to develop and foster deep operator, tenant and industry relationships, which we believe, in turn, have allowed us to access attractive investments and deliver favorable risk-adjusted returns. We believe that we are effectively positioned to grow over the near- and long-term through multiple operating segments, which include six reportable business segments—MOBs, integrated senior health campuses, senior housing opportunity properties (SHOP), senior housing—leased, SNFs and hospitals. We are committed to conducting our business in a manner that benefits all of our stakeholders and ensures a lasting and positive impact from our operations. As a result, we measure our success not only by our ability to generate profits but also our ability to reduce our impact on the environment, affect positive social change in our community and conduct our operations in accordance with the highest ethical standards. To achieve this, we are developing a comprehensive ESG strategy and related ESG policy. This policy, which we intend to update regularly as applicable, will be posted on our website, http://www.AmericanHealthcareREIT.com, and will contain more detailed information once available. See “Our Business and Properties—Corporate Responsibility—Environmental, Social and Governance.” Information contained on, or accessible through, our website is not incorporated by reference into and does not constitute a part of this prospectus.   We believe that one of the keys to our success is our ability to benefit from a wide range of opinions and experiences. We believe the best way to accomplish this is through promoting racial, gender, and generational diversity across all layers of our organization. As of June 30, 2022, 69.0% of our employees were minorities and 64.6% were females. Generationally, our organization was composed of 4.4% Generation Z, 46.0% Millennials, 42.5% Generation X and 7.1% Baby Boomers. **Note: Net loss and revenue figures are for the 12 months that ended Sept. 30, 2023.  (Note: American Healthcare REIT, Inc. filed an S-11/A dated Jan. 29, 2024, and disclosed the terms for its IPO: 56.0 million shares at a price range of $12.00 to $15.00 to raise $756.0 million. Background: American Healthcare REIT, Inc., filed an S-11/A dated Nov. 7, 2023, disclosing that Morgan Stanley has joined the joint book-runners’ team. Terms have not been disclosed. This is American Healthcare REIT’s first listing of its stock on a U.S. exchange – with the goal to list its stock on the NYSE. Background: American Healthcare REIT, Inc. filed its S-11 on Sept. 16, 2022.)   “.

American Healthcare REIT, Inc. was founded in 2014 and has 113 employees. The company is located at 18191 Von Karman Avenue, Suite 300 Irvine, California 92612 and can be reached via phone at (949) 270-9200 or on the web at http://www.AmericanHealthcareREIT.com/.

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