American Healthcare REIT (AHR) announced the acquisition of an eight-community senior housing portfolio from Kensington Senior Living for a total contract price of approximately $873 million. The transaction establishes a long-term strategic partnership, with Kensington continuing to operate the luxury, higher-acuity communities. This deal brings AHR's total year-to-date investments to over $2 billion.
Key Details
- Transaction Value: The total portfolio purchase price is approximately $873 million. AHR has closed on the first six communities for a total investment of approximately $572 million.
- Timeline: The acquisition of the first six communities was completed on September 1, 2026. The remaining two communities are under definitive agreements and are expected to close in the fourth quarter of 2026.
- Portfolio Details: The portfolio consists of 745 units across eight Class A communities. Approximately 93% of the units are dedicated to assisted living and memory care, located in major U.S. markets including Los Angeles, San Francisco, Washington D.C., and New York.