American Healthcare REIT owns senior-housing communities, outpatient medical buildings, skilled-nursing campuses and net-leased care facilities across 36 states and the UK. Unlike a pure landlord, ~90% of its revenue comes from operating senior care itself (a RIDEA structure) — it collects resident fees, not just rent — with Trilogy running its Midwest health campuses. That makes it a leveraged bet on an ageing population, but one exposed to care-labour costs, occupancy and interest rates.
What American Healthcare REIT, Inc. really sells
American Healthcare REIT owns senior-housing communities, outpatient medical buildings, skilled-nursing campuses and net-leased care facilities across 36 states and the UK. Unlike a pure landlord, ~90% of its revenue comes from operating senior care itself (a RIDEA structure) — it collects resident fees, not just rent — with Trilogy running its Midwest health campuses. That makes it a leveraged bet on an ageing population, but one exposed to care-labour costs, occupancy and interest rates.