American Healthcare REIT Buys Remaining 24% Stake in Trilogy REIT for $258 Million

MT Newswires Live09-25

American Healthcare REIT (AHR) said Tuesday it exercised its option to buy the remaining 24% stake in Trilogy REIT from its joint venture partner, a NorthStar Healthcare Income affiliate, for $258 million in cash.

The buyout on Friday included a base price of $247 million and $11 million pro-rata distribution owed to American Healthcare's venture's partner through the deal's closing date, according to a statement.

American Healthcare became the sole owner of Trilogy and Integrated Senior Health Campuses.

American Healthcare funded the deal with proceeds from an equity offering and used remaining funds to repay $194 million of debt.

Price: 27.00, Change: +0.80, Percent Change: +3.05

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