American Healthcare REIT Acquires Eight Senior Housing Communities for $696 Million, Establishing East Coast Platform and New Partnership with LCB Senior Living

AHR secured a 10-community opportunity and simultaneously assigned two of the properties at their allocated basis, capturing the opportunity without compromising capital allocation discipline

The eight communities comprise 867-units across six states, from suburban Boston to metropolitan Atlanta; LCB Senior Living developed five and operates seven of the eight communities

These investments were included in AHR's disclosed closings of $1.4 billon in their Q2 earnings release; AHR has since completed in excess of $600 million additional investments, for a total of more than $2.0 billion year-to-date

IRVINE, Calif., September 03, 2026--American Healthcare REIT, Inc. (NYSE: AHR) (the "Company" or "AHR") today announced the acquisition of eight Class A senior housing communities for approximately $696 million, establishing a new operating relationship with LCB Senior Living ("LCB") and a substantial presence in supply-constrained East Coast markets. AHR's total year-to-date investments now exceed $2 billion and the Company's awarded investment pipeline stands at approximately $675 million, which it expects to close with match funded equity proceeds from unsettled forward agreements.

Despite having multiple sellers, the ten communities were marketed together. The acquisitions were executed through a series of transactions over a coordinated six-week process allowing AHR to obtain the eight assets it views as core to its capital allocation strategy, while simultaneously facilitating the acquisition of the other two assets by another leading institutional investor to accommodate the sellers' desire for a broader portfolio execution.

Subsequent to securing the assets, AHR assigned its purchase and sale agreements for the two non-target communities to the other institutional investor, which acquired them at AHR's allocated basis for those properties. AHR completed its acquisition of the eight target communities in phases over a three week process that concluded in early August. The institutional investor completed its acquisition of the two additional communities in late-August.

"This series of transactions is an example of disciplined capital allocation supported by strong execution," said Jeff Hanson, Chairman and Chief Executive Officer. "We understood that only a solution for all ten communities would clear the market. Rather than either walking away from a highly strategic opportunity, or compromising our capital allocation discipline to secure it, we constructed a solution that required neither."