American Healthcare REIT Moves Forward with Stock Offering Plan
American Healthcare REIT Announces Major Stock Offering
American Healthcare REIT, Inc. (NYSE: AHR), a prominent real estate investment trust focused on clinical healthcare properties, has made a notable announcement regarding its plans to initiate an underwritten public offering. The company will offer 14,500,000 shares of its common stock, potentially enhancing its financial backing to pursue strategic investments.
Strategic Use of Proceeds
The proceeds from this stock offering are earmarked for vital financial maneuvers. A significant portion will go towards purchasing a 24% minority ownership interest in Trilogy Holdings, LLC from the company's joint venture partner. Additionally, the funds will be utilized to pay down existing debt, thereby streamlining the company’s financial structure and improving its overall market position.
Leadership in Underwriting
Notably, this public offering is being backed by leading financial institutions recognized for their expertise in this sector. BofA Securities, Morgan Stanley, and KeyBanc Capital Markets have been appointed as the joint book-running managers for the offering. This partnership underscores American Healthcare REIT’s commitment to ensuring a well-structured and successful capital raise.
Understanding the Offering
The stock offering is part of the company’s effective shelf registration statement, which is currently on file with the Securities and Exchange Commission (SEC). This process simplifies future transactions and provides a solid foundation for American Healthcare REIT’s ongoing operations.
Important Information about the Offering
It’s crucial for potential investors to note that while a preliminary prospectus will be available, the offering does not constitute an invitation or solicitation for sale in areas where such transactions would be unlawful. Interested parties can review the filings made with the SEC to gain deeper insights into the company’s operations and financial health.
About American Healthcare REIT, Inc.
American Healthcare REIT is dedicated to owning and managing a diversified portfolio of clinical healthcare properties. The focus primarily lies in outpatient medical buildings, skilled nursing facilities, and senior housing among other healthcare-related assets. The firm’s extensive portfolio spans across various regions, elevating its influence within the healthcare real estate market.
Company Contact Information
For those interested in more information regarding this offering or the company, Alan Peterson, the Vice President of Investor Relations and Finance, is available for inquiries. He can be reached directly through the company’s provided communication channels to address any questions or provide additional insights.
Frequently Asked Questions
What is the purpose of the stock offering?
The stock offering aims to fund strategic acquisitions and reduce outstanding debt, reinforcing the company's financial stability.
Which financial institutions are managing the offering?
The offering is being managed by BofA Securities, Morgan Stanley, and KeyBanc Capital Markets.
Where can I find more information about the offering?
Additional information can be found in the preliminary prospectus filed with the SEC and on the company's official website.
What types of properties does American Healthcare REIT manage?
The company focuses on outpatient medical buildings, senior housing, skilled nursing facilities, and other healthcare-related properties.
How can I contact the company for investor relations?
Investors can reach out to Alan Peterson, VP of Investor Relations, for any investor-related inquiries or insights into the company's operations.
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