Senior Housing News November 13, 2024
Leaders at American Healthcare REIT (NYSE: AHR) believe the company’s recent acquisition of the remaining ownership stake of Trilogy Health Services could fuel future development and capital allocation.
The Irvine, California-based REIT real estate investment trust (REIT) announced the purchase of an additional 24% interest in Trilogy for $258 million in September, making it the operator’s primary owner.
During a call with investors and analysts on Wednesday covering third-quarter results, CEO Danny Prosky noted the acquisition will “better optimize capital allocation and pursue development of purpose-built facilities” moving forward as the sole owner of Trilogy.
In 2024, Trilogy developed and opened four new campuses and completed three expansion projects.
“We believe that at Trilogy, we will have consistent external...
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