CMG Partners Offer $8.50 Per Share of American Healthcare REIT Stock

The board of American Healthcare REIT Inc., a non-traded real estate investment trust focused on healthcare real estate assets, sent a letter to their shareholders announcing their neutrality regarding unsolicited tender offers from CMG Partners LLC and its affiliates.

CMG is offering to the purchase up to 250,000 shares of Class T and Class I common stock for $8.50 per share, or the equivalent of $2.13 per share prior to AHR’s one-for-four reverse stock split executed in November of last year.

The REIT’s most recent estimated net asset value per share for Class T and Class I common stock was $31.40 as of December 31, 2022. In a letter to stockholders, AHR’s board of directors stated that CMG Partners’ offer is approximately 73% less than the most recently published net asset value.

Shares of the REIT most recently traded on LODAS Markets, previously known as Realto, for $18.00.

As AltsWire previously reported in September 2022, AHR filed a Form S-11 with the SEC, with plans for a proposed underwritten public offering connected with the potential listing of its common stock on the New York Stock Exchange.

American Healthcare REIT oversees a 19.1 million-square-foot portfolio of 300 medical office buildings, skilled nursing facilities and integrated senior health campuses located in 36 states, the United Kingdom and the Isle of Man, in addition to a real estate-related investment. The gross investment value of the portfolio is approximately $4.4 billion.

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