American Healthcare REIT, Inc.
To The Holders of the Class I and Class T Common Shares of American Healthcare REIT, Inc.
RE: Cash Offer to Purchase.
Dear Shareholder,
We are pleased to provide the Class I and Class T Shareholders of American Healthcare REIT, Inc. with an opportunity to sell their shares. CMG Partners, LLC and its affiliates, CMG Income Fund II, LLC, CMG Liquidity Fund, LLC, and Blue River Capital, LLC (jointly, the “Purchasers” or “CMG”), are offering to purchase, in the aggregate, a total of up to 225,000 of the Class I and the Class T shares (collectively, the “Shares”) of American Healthcare REIT, Inc. (the “Company”) for $9.07 per Share in cash, upon the terms and subject to the conditions contained in the Offer to Purchase dated April 8, 2024, and the Agreement of Assignment and Transfer (together, the “Offer”). The Company completed an initial public offering and listed its shares of common stock for trading on the New York Stock Exchange (“NYSE”) on February 7, 2024, and as of March 22, 2024 (the most recent price available when the Offer was printed) the closing price of the Company’s listed shares was $13.93. However, your Shares cannot be sold on the NYSE until after your Shares are automatically converted into the publicly traded shares, on August 5, 2024.
Shareholders who wish to obtain liquidity now may wish to consider the following:
•While the Company’s shares are now traded on the NYSE, your Shares cannot be sold via the stock market until your Shares are automatically converted into the publicly traded shares on August 5, 2024.
•The Company’s SRP is suspended (including for the death or disability of shareholders), and there can be no assurance that the SRP will be reinstated.
•Our Offer includes the option to tender all or a specified number of Shares, thereby allowing you to retain some of your Shares if desired.
•This is an all-cash offer at a fixed price. Shareholders who desire liquidity may prefer to sell now at a known price rather than wait until the conversion of their Shares to publicly listed shares on August 5, 2024, at an unknown future price.
•Funds from operations (FFO) for many REIT’s, including the Company, have been negatively impacted by dramatically higher interest rates in 2023, which may continue.
•Our Offer provides an opportunity to sell your Shares now, in a prompt and efficient manner.
An Agreement of Assignment and Transfer form is enclosed, which you can fill out and return in the envelope provided if you wish to sell your Shares. Please read the reverse of this letter, the Agreement of Assignment and Transfer and the Offer before deciding to tender your Shares. Copies of the Offer are available on our website at www.cmginvestments.com/ahr.pdf. Alternatively, a copy can be mailed to you upon request at no charge. If you have any questions, please call us at (425) 376-0693.
Very Truly Yours,
CMG Partners, LLC
Please note that our offer expires on May 14, 2024; we would need to receive your Agreement of Assignment and Transfer by that date if you wish to accept the Offer.
Click Here To View The Full Tender Offer.
Information provided other than what is contained in a specific tender Offer document is neither an offer to buy nor a solicitation of an offer to sell Shares. Purchase offers are not being made to, and assignments will not be accepted from or on behalf of, Shareholders residing in any state in which making or accepting an offer to purchase would violate that jurisdiction’s laws. Information provided is accurate to the best of our knowledge from publicly available sources, although it is subject to change and CMG cannot attest to its accuracy. Investors should always conduct their own due diligence and consult their own tax and investment advisors prior to making a decision concerning their investments. We are not investment advisors, and information provided by us should not be considered advice. Other than pursuant to the terms contained in a specific tender Offer, all bids or offers to purchase provided are subject to change until an agreement in writing is executed and accepted by CMG.
Looking To Sell?
Contact Us: 425-376-0693
Lets discuss how we can help get you out of your American Healthcare REIT shares.