After a September 2022 S-11 SEC filing, it sounds like American Healthcare REIT may be finally readying its IPO, according to a report from Bloomberg, which reports the company is preparing to raise $700 million in an initial public offering that could happen as soon as this week. The REIT has $4.6 billion in assets across 298 properties comprising 4.5 million square feet of medical office, 10,237 senior housing beds or units, and 9,430 skilled nursing beds. In total, that's about 18.9 million square of gross leasable area.

The company is currently a non-traded REIT. An S-11 is a REIT's equivalent of an S-1 IPO filing. The S-11 has undergone some modifications since the original filing, the most recent dated January 2, 2024. American Healthcare has applied to have its stock listed on the New York Stock Exchange under the symbol AHR.

"The self-managed real estate investment trust's IPO is set to be among the first batch of listings testing the still-nascent rebound in the IPO market," Bloomberg said. "They include KKR & Co.-backed BrightSpring Health Services Inc., which is aiming to raise as much as $1.36 billion from the sale of shares and convertible securities as soon as Jan. 25.