Following its recent initial public offering (IPO), American Healthcare REIT (NYSE: AHR), headquartered in Irvine, has made substantial strides in reducing its floating rate debt. Engaged in the healthcare real estate (HRE) sector since 2009, the company successfully debuted on the New York Stock Exchange on Feb. 7. Danny Prosky, the president and CEO of the real estate investment trust (REIT), expressed relief at the IPO’s completion, emphasizing that the primary objective was to significantly deleverage the company’s balance sheet.
*Article courtesy of Florida Today
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