American Healthcare REIT Closes $572 Million in Initial Kensington Senior Living Acquisitions

American Healthcare REIT (AHR) acquired six senior living communities from Kensington Senior Living for $572M. The deal includes 464 units, with two more communities expected to close by Q4. AHR plans $2B in investments for 2026 and $675M more this year. Kensington will continue managing the properties, forming a long-term partnership.

American Healthcare REIT (AHR) acquired six senior living communities from Kensington Senior Living for $572m. The properties, totaling 464 units, are in major U.S. metro areas. Two more communities are expected to close in Q4 2026. The total portfolio includes 745 units, 93% for assisted living and memory care. AHR's year-to-date investments exceed $2bn. Kensington noted AHR was not the highest bidder.

Morgan Stanley's Ronald Kamdem expects senior housing REITs to continue outperforming due to aging population and high demand. Welltower (WELL) and American Healthcare REIT (AHR) are rated overweight, with price targets of $251 and implied upside, respectively. Ventas (VTR) is rated equal weight. All three REITs show strong occupancy and acquisition growth potential, with Welltower's dividend yield at 1.44%.

American Healthcare REIT (AHR) acquired six senior living communities from Kensington Senior Living for $572M, with two more expected to close later. The properties, totaling 464 units, are in major U.S. markets and focus on assisted living and memory care, aligning with AHR's strategy. Kensington will continue operations. AHR's 2026 investments exceed $2B, with a $675M pipeline. Both companies see potential for future collaboration.

American Healthcare REIT (AHR) acquired six senior housing communities for $572M, part of an $873M portfolio deal with Kensington Senior Living. The remaining two communities are expected to close in Q4 2026. AHR's year-to-date investments exceed $2B, with a $675M investment pipeline. Kensington will continue operating the communities, focusing on assisted living and memory care.

American Healthcare REIT (AHR) announced that underwriters exercised their option to buy 1.99M additional shares. The company entered agreements with Morgan Stanley, Citigroup, and KeyBanc to facilitate this. AHR plans to use proceeds for a pending senior housing acquisition, future investments, and general corporate purposes, settling the agreements by August 2028.