American Healthcare REIT acquires eight senior housing communities for $696 million

American Healthcare REIT acquired eight Class A senior housing communities for about $696 million, expanding into supply-constrained East Coast markets.

• The portfolio totals 867 units built from 2020 to 2022 across six states, creating the REIT’s first meaningful Northeast senior housing platform.
• The deal established a new operating partnership with LCB Senior Living, which will manage most of the acquired communities.
• Year-to-date investments now exceed $2 billion; the awarded investment pipeline stands near $675 million.