Press Release
February 12, 2024

Goodwin’s REITs Capital Markets Team Advises Underwriters on American Healthcare REIT’s $772.8 Million Initial Public Offering, the Largest REIT IPO in Six Years

Partner Scott Chase led a Goodwin REITs capital markets team that represented the underwriters in connection with the $772.8 million initial public offering of American Healthcare REIT. The IPO is the largest REIT IPO in the last 6 years in the United States. The underwriting syndicate of 11 banks was led by BofA Securities and Morgan Stanley.

American Healthcare REIT owns and operates a portfolio of 298 healthcare properties representing approximately $4.6 billion of assets as of September 30, 2023. The portfolio primarily consists of medical office buildings, skilled nursing facilities, integrated health campuses and senior housing located in 36 states, the United Kingdom and the Isle of Man.

Goodwin’s REITs and Real Estate M&A practice, which has long been recognized as one of the top such practices in the United States, has previously worked on the largest and second largest REIT IPOs in history.

Scott has worked on over $24 billion of completed capital markets transactions over the years, including some of the largest completed and proposed REIT IPOs in the industry. He is recognized for his real estate capital markets work by Chambers USA – America’s Leading Lawyers for Business, The Legal 500 United States and IFLR1000 – the guide to the world’s leading financial and corporate law firms.

The IPO highlights Goodwin’s interdisciplinary expertise, including its sophisticated REIT tax, real estate and healthcare capabilities.

In addition to Scott, the Goodwin capital markets team included Chris Versfelt, Elena Hera, Chloe Pletner, Jessica Park, Christiana Deily and Andrea Akinbola, the real estate team included Andrew Sucoff and Dillon McDermott, the tax team included Robert Kester, Eliza Reed and Leon Peschel, the executive compensation team included Sarah Bock and Andre Amorim and the healthcare team included Simone Otenaike.

For additional details on the offering, please read the press release American Healthcare REIT Announces Closing of Public Offering.