American Healthcare REIT Completes Trilogy Holdings Acquisition

American Healthcare REIT, Inc., headquartered in Irvine, has now exercised its purchase option to acquire the remaining 24% minority membership interest in Trilogy REIT Holdings, LLC that had been held by the company’s joint venture partner, an affiliate of NorthStar Healthcare Income, Inc. Upon the closing of the acquisition, AHR became the sole owner of Trilogy Holdings and the company’s Integrated Senior Health Campuses. Details of the transactions are as follows: 

In a transaction that closed this past Friday, AHR acquired the 24% minority membership interest for a total all-cash purchase price of approximately $258 million. The company funded the acquisition using net proceeds from its equity offering that also closed on Sept. 20.

“We will continue our mission, alongside Trilogy Management Services, LLC as our operating partner, to provide high-quality care in the communities and for those individuals our campuses serve,” said Danny Prosky, American Healthcare REIT’s president and CEO. “We look forward to the potential future growth opportunities we will be able to access with the completion of this transaction.”