American Healthcare REIT Enters Purchase Agreement for Seniors Operator 

Irvine-based American Healthcare REIT, Inc. (AHR) has entered into a purchase agreement to acquire all of the minority membership interest held by NorthStar Healthcare Income in Trilogy REIT Holdings, LLC. The agreement allows AHR to exercise its purchase option at any time before Sept. 30, 2025, at an all-cash price ranging from $240.5 million to $260 million. 

Founded in 1997, Trilogy is a leading owner-operator of purpose-built integrated senior health campuses throughout Indiana, Ohio, Michigan and Kentucky. As of June 30, it operated 123 properties comprised of more than 13,000 beds. 

“Trilogy constitutes more than a third of American Healthcare REIT’s $4.4- billion portfolio and is the strongest performing component,” said Danny Prosky, president and CEO of AHR. “Trilogy is one of the nation’s finest senior care operators, as evidenced by its remarkable recovery from the COVID pandemic, which battered the senior care industry.”