American Healthcare REIT announces offering of 14.5M shares of common stock

American Healthcare REIT announced that it has commenced an underwritten public offering of 14.5M shares of its common stock. The company expects to use the net proceeds from the offering to exercise its option to purchase its joint venture partner’s 24% minority membership interest in Trilogy Holdings, and to repay certain amounts of debt outstanding under its lines of credit. All of the shares are being offered by the company. BofA Securities, Morgan Stanley and KeyBanc Capital Markets are acting as the joint book-running managers of the offering.