04:52 PM EDT, 09/24/2024 (MT Newswires) -- American Healthcare REIT ( AHR ) said Tuesday it exercised its option to buy the remaining 24% stake in Trilogy REIT from its joint venture partner, a NorthStar Healthcare Income affiliate, for $258 million in cash.

The buyout on Friday included a base price of $247 million and $11 million pro-rata distribution owed to American Healthcare's venture's partner through the deal's closing date, according to a statement.

American Healthcare became the sole owner of Trilogy and Integrated Senior Health Campuses.

American Healthcare funded the deal with proceeds from an equity offering and used remaining funds to repay $194 million of debt.

Price: 27.00, Change: +0.80, Percent Change: +3.05