American Healthcare REIT's $1 Billion ATM Program Launched with Paul Hastings' Guidance
Deal News | Aug 12, 2025 | Paul Hastings
Paul Hastings LLP, a leading law firm known for its excellence and global reach, has provided advisory services for the implementation of a $1 billion at-the-market (ATM) program by American Healthcare REIT, Inc. The REIT's ATM program, which was established on August 8, 2025, involves a forward component, enabling the company to raise capital by selling new shares in the open market. The legal advisory was extended to a group of agents, including major financial institutions such as BofA Securities, Barclays Capital, Citigroup Global Markets, and others. The Paul Hastings team was led by partner Scott Chase, alongside partners Chris Mangin and Jaime Madell, and supported by a team of other legal experts. The launch of this ATM program aligns with American Healthcare REIT's strategic financial goals, leveraging the expertise of Paul Hastings to execute the program successfully.
Sectors
- Real Estate Investment Trusts (REITs)
- Legal Services
- Financial Services
Geography
- United States – American Healthcare REIT and the advising law firm, Paul Hastings, are based in the United States, and the ATM program operates within the U.S. market.
Industry
- Real Estate Investment Trusts (REITs) – The article discusses American Healthcare REIT's launch of an ATM program, which is relevant to the Real Estate Investment Trusts industry.
- Legal Services – Paul Hastings LLP provided legal advisory services for the ATM program, highlighting the role of legal services in financial transactions.
- Financial Services – Involvement of major financial institutions like BofA Securities and Barclays Capital signifies the role of financial services in the transaction.
Financials
- $1 Billion – The value of the at-the-market (ATM) program established by American Healthcare REIT.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| American Healthcare REIT, Inc. | Target Company | Company | A real estate investment trust launching a $1 billion ATM program. |
| Paul Hastings LLP | Legal Advisor | Company | A premier law firm advising on the ATM program. |
| BofA Securities, Inc. | Agent | Company | One of the financial institutions involved in the ATM program. |
| Barclays Capital Inc. | Agent | Company | One of the financial institutions involved in the ATM program. |
| Citigroup Global Markets Inc. | Agent | Company | One of the financial institutions involved in the ATM program. |
| Citizens JMP Securities, LLC | Agent | Company | One of the financial institutions involved in the ATM program. |
| Credit Agricole Securities (USA) Inc. | Agent | Company | One of the financial institutions involved in the ATM program. |
| Fifth Third Securities, Inc. | Agent | Company | One of the financial institutions involved in the ATM program. |
| KeyBanc Capital Markets Inc. | Agent | Company | One of the financial institutions involved in the ATM program. |
| Morgan Stanley & Co. LLC | Agent | Company | One of the financial institutions involved in the ATM program. |
| RBC Capital Markets, LLC | Agent | Company | One of the financial institutions involved in the ATM program. |
| Regions Securities LLC | Agent | Company | One of the financial institutions involved in the ATM program. |
| Truist Securities, Inc. | Agent | Company | One of the financial institutions involved in the ATM program. |