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American Healthcare REIT to Buy Eight Senior Living Communities for $873M

American Healthcare REIT logoAmerican Healthcare REIT
Sig5.12Sen+7.05Env0.00Soc+1.55Gov+0.60

American Healthcare REIT will acquire eight assisted living and memory care communities managed by Kensington Senior Living for $873 million under three purchase agreements. The portfolio includes 745 units across California, Maryland, New York, and Virginia, with $56.5 million of Kensington’s existing agency debt included. Kensington is expected to remain the manager, and the deal is expected to close after Aug. 31.

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