American Healthcare REIT CEO: Trilogy, SHOP Segment Are Top Expansion Opportunities

Senior housing remains an important part of American Healthcare REIT’s (NYSE: AHR) overall opportunities to grow, according to the company’s management. On a call with investors and analysts Tuesday, CEO Danny Prosky noted that the company’s current best risk-adjusted returns are “within Trilogy [Senior Living], both exercising the purchase option and growing the existing portfolio.” […]

Bloomberg: American Healthcare REIT Gearing Up for IPO, Targeting $700 Million

American Healthcare REIT is gearing up for its initial public offering (IPO) and is aiming to raise $700 million, Bloomberg reported on Tuesday. The REIT’s primary operating partner is Louisville, Kentucky-based Trilogy Health Services, which is one of the nation’s largest senior living and skilled nursing providers. “Trilogy constitutes more than a third of American Healthcare REIT’s […]

Ventas to Take Ownership of 16 Senior Living Communities in Collateral Pool of $486M Santerre Loan

Ventas (NYSE: VTR) on Friday announced that it intends to take ownership of the collateral that supports its approximately $486 million cash-pay mezzanine loan to Santerre Health Investors. The move will give the REIT full ownership of 16 “large-scale” communities in its senior housing operating portfolio (SHOP), representing nearly 20% of the NOI of the […]

Welltower Completes Initial Closing of Integra JV Involving 15 Regional Operators

Welltower (NYSE: WELL) has announced the “initial” closing of its previously announced joint venture with Integra Health involving the transition of 147 skilled nursing facilities previously operated by ProMedica to 15 regional operators. ProMedica surrendered to Welltower its 15% interest in the 147-property portfolio, Welltower announced Friday. ProMedica will be absolved from its lease obligations […]