American Healthcare REIT Acquires 8 Class A Senior Housing Communities For Approximately $696M, Establishing A New Operating Relationship With LCB Senior Living And A Substantial Presence In Supply-constrained East Coast Markets
Benzinga Newsdesk 2 months ago
Real EstateREITM&A
AHR secured a 10-community opportunity and simultaneously assigned two of the properties at their allocated basis, capturing the opportunity without compromising capital allocation disciplineThe eight communities
- AHR secured a 10-community opportunity and simultaneously assigned two of the properties at their allocated basis, capturing the opportunity without compromising capital allocation discipline
- The eight communities comprise 867-units across six states, from suburban Boston to metropolitan Atlanta; LCB Senior Living developed five and operates seven of the eight communities
- These investments were included in AHR’s disclosed closings of $1.4 billon in their Q2 earnings release; AHR has since completed in excess of $600 million additional investments, for a total of more than $2.0 billion year-to-date