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American Healthcare REIT Acquires Eight Senior Housing Communities for $696 Million, Establishing East Coast Platform and New Partnership with LCB Senior Living

AHR
  • American Healthcare REIT (AHR) acquired eight Class A senior housing communities for approximately $696 million.
  • The portfolio comprises 867 units located across Massachusetts, Connecticut, New Jersey, Pennsylvania, Delaware, & Georgia.
  • AHR secured a 10-community deal by assigning two non-target properties to another institutional investor at AHR's allocated basis.
  • Five of the acquired communities were developed by LCB Senior Living, which will operate seven of the eight properties.
  • The eight communities were built between 2020 & 2022 in supply-constrained East Coast markets.
  • AHR's total year-to-date investments now exceed $2.0 billion, including $1.4 billion disclosed in Q2 earnings.
  • The company's awarded investment pipeline stands at approximately $675 million, expected to close with match-funded equity.
  • Newmark Group, Inc. acted as the real estate advisor for the transaction.
  • The transaction establishes AHR's first meaningful footprint in the Northeast senior housing market.