Sidley represented American Healthcare REIT, Inc. (AHR), a publicly registered healthcare REIT, in AHR’s US$772.8 million initial public offering and the listing of its common stock on the New York Stock Exchange. AHR sold 64,400,000 shares of its common stock in the IPO, including 8,400,000 shares in connection with the full exercise of the underwriters’ overallotment option. The IPO closed on February 9, 2024.
The Sidley deal team was led by Edward F. Petrosky and Bartholomew A. Sheehan, III (Capital Markets), and Jason A. Friedhoff (Investment Funds), with Nicole C. Garrett (Capital Markets), Daniel Raymer (Investment Funds), and Gabriella Tang (Capital Markets); and was supported by Sonia Gupta Barros and Sara M. von Althann (Capital Markets); Corey Perry and Richard Schneider III (Employee Benefits and Executive Compensation); Barbara J. Endres and Benjamin L. Nager (Securities Enforcement and Regulatory); and Christian Brause and Dustin R. Anderson (Tax).
Sidley also represented AHR in connection with AHR’s entry into an option agreement to acquire all of the minority membership interest held by NorthStar Healthcare Income, Inc. in Trilogy REIT Holdings, LLC for a purchase price of US$260 million.
