American Healthcare REIT Acquires Remaining 24% Stake in Trilogy REIT Holdings
September 24, 2024
American Healthcare REIT, Inc. (AHR) exercised its purchase option and acquired the remaining 24% minority membership interest in Trilogy REIT Holdings, LLC for approximately $258 million, becoming the sole owner of Trilogy REIT Holdings and its Integrated Senior Health Campuses (ISHC). The acquisition was funded with net proceeds from a concurrent equity offering, with remaining proceeds used to repay roughly $194 million of outstanding credit facility debt.
- Buyers
- American Healthcare REIT, Inc.
- Targets
- Trilogy REIT Holdings, LLC
- Sellers
- Affiliate of NorthStar Healthcare Income, Inc.
- Industry
- Real Estate
- Location
- United States
- Transaction Type
- Buyout
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