American Healthcare REIT Announces Retirement of Three Independent Directors as Part of Board Refreshment

American Healthcare REIT Inc., a non-traded real estate investment trust formerly known as Griffin-American Healthcare REIT IV Inc., announced that independent directors Harold H. Greene, Gerald W. Robinson and J. Grayson Sanders will retire from the company’s board of directors effective as of June 14, 2023.

In connection with their resignations, they will not stand for re-election. All three directors began serving in 2014 as directors of Griffin-American Healthcare REIT III Inc., which merged with Griffin-American Healthcare REIT IV, Inc. in October 2021 to form American Healthcare REIT.

“Hal, Bill and Grayson have been tremendous directors and contributors to our board. For the past nine years, they have been steadfast in their dedication to the success of the company and its predecessor and have overseen exceptional growth during their tenure. We thank them for their service on behalf of our stockholders and wish them the best,” said Jeff Hanson, chairman of the board.

The company says their decision to retire was not a result of any disagreement with the company or any matter relating to the Company’s operations, policies or practices.

Instead, AHR says the retirement is part of the company’s broader “board refreshment initiative” which included the appointment of three new independent directors, as previously reported by The DI Wire in January 2023.

After the retirement of Greene, Robinson and Sanders, the company’s board will consist of nine directors. Six of these directors are independent, including three who were appointed in the last year.

About American Healthcare REIT, Inc.

American Healthcare REIT, Inc., a self-managed, publicly registered, healthcare real estate investment trust, owns and/or operates a diverse portfolio of healthcare real estate assets totaling approximately 19.9 million square feet, with a gross investment value of approximately $4.4 billion. As of December 31, 2022, this international portfolio included 314 properties comprised of medical office buildings, senior housing communities, skilled nursing facilities, and other real estate-related investments across 36 states, the United Kingdom and the Isle of Man. For more information, please visit www.AmericanHealthcareREIT.com.

Click here to visit The DI Wire directory page.