M&A
confidence high
sentiment positive
materiality 0.85
American Healthcare REIT agrees to acquire Kensington Portfolio (8 senior housing communities, 745 units) for $873M
American Healthcare REIT, Inc.
- Aggregate purchase price $873M for 745 units across CA, MD, NY, VA; deposits $8.73M non-refundable.
- Initial closing on Portfolio Agreement set for Sept 1, 2026 (extendable to Oct 15); Kensington Park and Bethesda closings by end of 2026.
- Kensington Park closing conditioned on lender consent to assume $56.46M existing loan; Bethesda closing conditioned on 3-month stabilization NOI.
- Financing via equity offerings, forward sale settlements, credit facility borrowings, debt assumption, and cash.
- Buyer and sellers unaffiliated; Purchase Agreements contain customary reps, warranties, indemnifications.