American Healthcare REIT, Inc. (NYSE: AHR) acquired eight Class A senior housing communities. The transaction total reached approximately $696 million. The portfolio comprises 867 units across Massachusetts, Connecticut, New Jersey, Pennsylvania, Delaware, and Georgia. Developers constructed these properties between 2020 and 2022.
This acquisition represents the company’s first significant entry into the Northeast senior housing market. The deal establishes a new strategic partnership with operator LCB Senior Living. AHR purchased these assets from a 10-property portfolio after assigning two communities to another investor. This purchase brings the company’s total year-to-date investments to over $2 billion.