American Healthcare REIT Completes Initial Kensington Senior Living Acquisitions, Establishing Strategic Growth Partnership with Premier Senior Housing Owner, Developer and Operator
IRVINE, Calif.--(BUSINESS WIRE)-- #AHR--American Healthcare REIT, Inc. (NYSE: AHR) (the “Company” or “AHR”) today announced that it has acquired six communities from Kensington Senior Living (“Kensington”) for a total investment of approximately $572 million. They comprise 464 units and are part of an eight-community, 745-unit portfolio with an aggregate contract purchase price of approximately $873 million, which is well below replacement cost. AHR's total year-to-date investments now exceed $2 billi.