{"schema_version":"secwatch.filing_event.v1","accession":"0001632970-23-000095","form_type":"8-K","ticker":"AHR","cik":"0001632970","company_name":"American Healthcare REIT, Inc.","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.847546+00:00","generated_at":"2026-06-08T15:35:26.282221+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"American Healthcare REIT acquires option to buy NorthStar's minority stake in Trilogy for up to $260M","bullets":["Option to purchase remaining 48% membership interest in Trilogy REIT Holdings for $240.5M–$260M cash, depending on closing date, plus possible supplemental payment up to ~$21M.","Option exercisable until Sep 30, 2025; can pay with cash and up to 90% convertible preferred stock (4.75% initial dividend, convertible after Jul 1, 2026).","Trilogy (123 properties, >13,000 beds) represents >1/3 of AHR's $4.4B portfolio; Q2 2023 same-store occupancy up 380bps to 86.0%, same-store NOI up 16.9% YoY.","Closing not subject to regulatory approvals; Buyer must meet conditions including at least $200M equity/asset sale proceeds and listing common stock on a national exchange.","Option includes extension options and termination fees up to $15.6M; if exercised, AHR will own 100% of Trilogy REIT Holdings and indirectly 97.4% of Trilogy."],"urls":{"canonical":"https://secwatch.observer/filing/0001632970-23-000095","json":"https://secwatch.observer/filing/0001632970-23-000095.json","markdown":"https://secwatch.observer/filing/0001632970-23-000095.md","text":"https://secwatch.observer/filing/0001632970-23-000095.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1632970/000163297023000095/0001632970-23-000095-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1632970/000163297023000095/ahr-20231103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T15:35:26.282221+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"01070f180d3dde28b2465c853e4b6717062f20fc","claim":"American Healthcare REIT, Inc. entered into Membership Interest Purchase Agreement with NorthStar Healthcare Income Operating Partnership, LP and its subsidiary Trilogy Holdings NT-HCI, LLC valued at $240.5 million (effective 2023-11-03).","evidence_excerpt":"On November 3, 2023 (the “Agreement Date”), American Healthcare REIT, Inc. (“we”) and our subsidiary GAHC3 Trilogy JV, LLC (“Buyer”) entered into a Membership Interest Purchase Agreement (the “Option Agreement”) with NorthStar Healthcare Income Operating Partnership, LP and its subsidiary Trilogy Holdings NT-HCI, LLC (“Seller”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1632970/000163297023000095/0001632970-23-000095-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"NorthStar Healthcare Income Operating Partnership, LP and its subsidiary Trilogy Holdings NT-HCI, LLC"},{"label":"Value","value":"$240.5 million"},{"label":"Effective","value":"2023-11-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}