Skilled Nursing News June 24, 2021
Griffin-American Healthcare REIT III (GAHR III) and Griffin-American Healthcare REIT IV (GAHR IV) on Thursday announced a merger agreement — as well as the acquisition of American Healthcare Investors — to become American Healthcare REIT, Inc.
In a $1.125 billion joint venture transaction that closed in 2015, GAHR III acquired a majority stake in Louisville, Kentucky-based Trilogy Health Services, one of the largest skilled nursing and senior living operators in the United States.
Through the newly announced transactions, the three companies would become one real estate investment trust with a gross investment value of $4.2 billion in health care real estate assets, the Irvine, Calif. firms said in a statement.
The combined company is hoping to go public by the...