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American Healthcare REIT Closes $572 Million in Initial Kensington Senior Living Acquisitions

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American Healthcare REIT (AHR) completed the acquisitions of six Kensington Senior Living communities comprising 464 units for $572 million.

Two additional communities are subject to definitive purchase agreements and are expected to close in Q4, subject to conditions, American Healthcare said Tuesday in a statement.

The full eight-community portfolio has 745 units with an aggregate contract purchase price of $873 million, the company said. Kensington will continue operating the communities after the closings.

The transaction establishes a long-term strategic partnership, American Healthcare said.

American Healthcare shares rose 3.6% in after-hours trading.

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