REITs capital markets team represented the underwriters in connection with the $772.8 million initial public offering of American Healthcare REIT. The IPO is the largest REIT IPO in the last 6 years in the United States. The underwriting syndicate of 11 banks was led by BofA Securities and Morgan Stanley.
American Healthcare REIT owns and operates a portfolio of 298 healthcare properties representing approximately $4.6 billion of assets as of September 30, 2023. The portfolio primarily consists of medical office buildings, skilled nursing facilities, integrated health campuses and senior housing located in 36 states, the United Kingdom and the Isle of Man.
Goodwin’s REITs and Real Estate M&A practice, which has long been recognized as one of the top such practices in the United States, has previously worked on the largest and second largest REIT IPOs in history.
The IPO highlights Goodwin’s interdisciplinary expertise, including its sophisticated REIT tax, real estate and healthcare capabilities.
The Goodwin capital markets team included Chris Versfelt, Elena Hera, Chloe Pletner, Jessica Park, Christiana Deily and Andrea Akinbola, the real estate team included Andrew Sucoff and Dillon McDermott, the tax team included Robert Kester, Eliza Reed and Leon Peschel, the executive compensation team included Sarah Bock and Andre Amorim and the healthcare team included Simone Otenaike.
For additional details on the offering, please read the press release American Healthcare REIT Announces Closing of Public Offering.