American Healthcare REIT becomes sole owner of Trilogy REIT Holdings

American Healthcare REIT has exercised its purchase option to acquire the remaining 24 percent minority membership interest in Trilogy REIT Holdings that had been held by the company’s joint venture partner, an affiliate of NorthStar Healthcare Income, Inc.

Upon the closing of the acquisition, the company became the sole owner of Trilogy Holdings and the company’s Integrated Senior Health Campuses (ISHC).

Details of the transactions are as follows:

On Sept. 20, American Healthcare REIT acquired the 24 percent minority membership interest for a total all-cash purchase price of approximately $258 million, which includes the pre-negotiated “base” purchase price of $247 million and the approximate $11 million pro-rata distribution owed to the American Healthcare REIT’s joint venture partner through the closing date of the acquisition. American Healthcare REIT funded the acquisition using net proceeds from its equity offering that also closed