American Healthcare REIT Announces Launch of Public Offering

IRVINE, Calif., Jan. 29, 2024 /PRNewswire/ -- American Healthcare REIT, Inc., (the "Company"), a self-managed real estate investment trust ("REIT") that acquires, owns and operates a diversified portfolio of clinical healthcare real estate properties, focusing primarily on medical office buildings, senior housing, skilled nursing facilities, hospitals and other healthcare-related facilities, announced today the launch of its public offering of 56,000,000 shares of its common stock pursuant to a registration statement on Form S-11 filed with the Securities and Exchange Commission (the "SEC"). The initial public offering price is expected to be between $12.00 and $15.00 per share. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 8,400,000 shares of its common stock to cover overallotments, if any. The Company's common stock has been approved for listing, subject to official notice of issuance, on the New York Stock Exchange under the symbol "AHR."

The Company intends to use the net proceeds received from the proposed offering to repay approximately $703.8 million of the amount outstanding under its credit facility assuming pricing at the mid-point of the range.

BofA Securities and Morgan Stanley are acting as lead book-running managers for the offering. KeyBanc Capital Markets, Citigroup, RBC Capital Markets, Barclays and Truist Securities are acting as bookrunners for the offering. JMP Securities, A Citizens Company, Fifth Third Securities, Regions Securities LLC and Credit Agricole CIB are acting as co-managers for the offering.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained from: BofA Securities, NC1-022-02-25, Attn: Prospectus Department, 201 North Tryon Street, Charlotte, NC 28255-0001 or by email to dg.prospectus_requests@bofa.com; Morgan Stanley & Co. LLC, Attn.: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; KeyBanc Capital Markets, Attention: Equity Syndicate, 127 Public Square, 7th Floor, Cleveland, OH 44114, by telephone at 1.800.859.1783 or by fax at 1-216-689-0845; or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).