American Healthcare REIT, Inc.

American Healthcare REIT, Inc. is a self-managed real estate investment trust (REIT) that acquires, owns, and operates a diversified portfolio of clinical healthcare real estate properties. The company focuses primarily on senior housing, skilled nursing facilities (SNFs), outpatient medical (OM) buildings, and other healthcare-related facilities. As of December 31, 2025, American Healthcare REIT, Inc. had approximately 121 employees and operates clinical healthcare properties across the United States, the United Kingdom, and the Isle of Man. The company owns and operates its integrated senior health campuses (ISHC) and senior-housing operating properties (SHOP) using a RIDEA structure. American Healthcare REIT, Inc. has also originated and acquired secured loans and may acquire other real estate-related investments on an infrequent and opportunistic basis. The company generally seeks investments that produce current income but has also selectively developed healthcare real estate properties. American Healthcare REIT, Inc. has elected to be taxed as a REIT for U.S. federal income tax purposes. Substantially all operations are conducted through American Healthcare REIT Holdings, LP, the operating partnership, where American Healthcare REIT, Inc. is the sole general partner. As of December 31, 2025, the company owned 99.0% of the operating partnership units (OP units), and as of December 31, 2024, it owned 98.7% of the OP units. The remaining 1.0% and 1.3% of OP units, respectively, were owned by limited partners, including AHI Group Holdings, LLC, which is owned and controlled by Jeffrey T.