American Healthcare REIT Said to Seek $700 Million in NYSE IPO

American Healthcare REIT Inc. is seeking to raise about $700 million in an initial public offering, according to people familiar with the situation.

The Irvine, California-based senior housing and assisted living property owner could start gauging investor interest in the listing as soon as next week, the people said, asking not to be identified as the information is private. The company’s shares currently trade over the counter.

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