American Healthcare REIT (NYSE:AHR) priced an underwritten public offering of 17.4M shares at price of $23.55 per share. Underwriters have a 30-day option to purchase up to an additional 2.61M shares. Net proceeds to be deployed to exercise its option to purchase its joint venture partner's 24% minority membership interest in Trilogy Holdings and to repay certain amounts of debt outstanding under its lines of credit. The offering is expected to close on September 20, 2024. Shares of AHR (AHR) dropped 3% on Wednesday during after hours of trade.