American Healthcare REIT Files S-11 in Pursuit of NYSE Listing
American Healthcare REIT filed a form S-11 with the SEC
American Healthcare REIT, Inc., a non-traded real estate investment trust formerly known as Griffin-American Healthcare REIT IV Inc., filed a form S-11 with the Securities and Exchange Commission for a proposed underwritten public offering connected with the potential listing of its common stock on the New York Stock Exchange.
In October 2021, the self-managed, non-traded real estate investment trust was formed following the merger of Griffin-American Healthcare REIT III Inc. and Griffin-American Healthcare REIT IV Inc., as well as the acquisition of American Healthcare Investors LLC, the former co-sponsor of both REITs. American Healthcare REIT had publicly expressed its goal of a planned future listing on a national stock exchange following the merger.
A letter from AHR to its stockholders read, “As we shared with you at the time of the merger, we believe that AHR is positioned well for the future, and that a public listing can provide the opportunity for AHR to access the public markets for growth capital while also providing liquidity to existing stockholders in the future.”
The company cautioned in its letter to stockholders that a public listing was not assured, and that market conditions and other factors beyond its control would be monitored by its board of directors, management team and advisors. Should a listing on the NYSE take place, the company advised that it would seek to acquire “AHR” as its ticker symbol.
American Healthcare REIT owns and manages a portfolio of healthcare real estate assets totaling approximately 19.5 million square feet, with a gross investment value of approximately $4.5 billion. As of June 30, 2022, the international portfolio included 313 buildings 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.
