American Healthcare REIT Inc., a non-traded real estate investment trust formerly known as Griffin-American Healthcare REIT IV Inc., has hired Mark E. Foster as executive vice president, general counsel.
Foster succeeds Gabriel Willhite, who was promoted to chief operating officer last month. Willhite replaced Mathieu Streiff, a co-founder of the company, who will continue as an executive vice president for the remainder of 2022 before stepping down on January 1, 2023. Streiff will continue as a member of the company’s board of directors.
Foster has more than 23 years of experience representing institutional owners, operators and developers in connection with joint venture formations, acquisitions, dispositions, leasing, and real estate-related lending. Prior to American Healthcare REIT, Foster was a partner at Snell & Wilmer LLP, concentrating primarily on the representation of institutional owners, operators and developers, as well as financial institutions and investors.
He also previously served as vice president, general counsel and corporate secretary to Sabal Financial Group LP, which was a subsidiary of Oaktree Capital Management, where he was responsible for all legal matters related to the company’s management of more than $6 billion in real estate and debt assets.
Prior to Sabal, Foster served as regional general counsel with Toll Brothers, Inc. (NYSE: TOL) before holding a senior counsel position with Rockefeller Group Development Corporation. He began his legal career in real estate at the law firm of Allen Matkins LLP.
“Mark’s background in private practice where he focused on real estate and corporate law, coupled with his work as in-house counsel to major real estate investment and development companies, makes him an exceptional addition to our executive team,” said Danny Prosky, president and chief executive officer of American Healthcare REIT. “His extensive experience and expertise in the commercial real estate industry adds tremendous value to our company as we continue to pursue our strategic plan on behalf of investors.”
Foster received a bachelor’s degree in international relations, political science and economics from the University of Southern California, and a juris doctorate from the University of Southern California, Gould School of Law. He is a member of the State Bar of California.
American Healthcare REIT, Inc., a self-managed, publicly registered, healthcare real estate investment trust, owns and manages a portfolio of healthcare real estate assets totaling approximately 19.5 million square feet as of March 31, 2022, with a gross investment value of approximately $4.2 billion.
As of March 31, 2022, the REIT’s portfolio includes 313 buildings comprised of medical office buildings, senior housing communities, skilled nursing facilities, and other real estate-related investments across 36 states and the United Kingdom.
In October 2021, the company completed a merger with affiliated REIT, Griffin-American Healthcare REIT III Inc. In conjunction with the merger, American Healthcare REIT became self-managed following the acquisition of American Healthcare Investors, the co-sponsor of both REITs.