Morrison & Foerster advised American Healthcare Investors, LLC (“AHI”) on the anticipated acquisition of its business by Griffin-American Healthcare REIT III (“GAHR III”), a healthcare-focused real estate investment trust. AHI currently is the external advisor to each of GAHR III and Griffin-American Healthcare REIT IV, Inc. (“GAHR IV”), also a healthcare focused real estate investment trust.
AHI, the co-sponsor and external advisor of GAHR III, is one of the most active buyers and managers of healthcare real estate in the United States, managing a growing portfolio of medical office buildings, hospitals, senior housing, and skilled nursing facilities. Following the acquisition, GAHR III expects to merge with GAHR IV to create a combined company with a gross investment value of approximately $4.2 billion in healthcare real estate assets. Upon completion of the merger, the company, to be renamed American Healthcare REIT, Inc., will be the 11th largest healthcare-focused real estate investment trust globally, and will have a fully integrated management platform with capabilities in acquisitions, asset management, finance, accounting, and tax.
The MoFo deal team was led by corporate partner Heath Linsky, along with of counsel Kevin Madden and associates Mary Katherine Rawls and Paul J. Aylward II.