American Healthcare REIT names former Welltower CFO Scott A. Estes to board

IRVINE, Calif., August 31, 2022 /PRNewswire/ — American Healthcare REIT, Inc., a self-directed, publicly registered real estate investment trust, today announced the appointment of Scott A. Estes to the company‘s board of directors, effective August 30, 2022. Estes will serve as an independent director of the company and as a member of the audit committee. Following Estes’ appointment, the company’s board of directors will consist of 10 directors, seven of whom are independent.

“We are delighted to welcome Scott Estes to the board of directors of American Healthcare REIT,” said Danny Prosky, President, CEO and Director. “Scott’s extensive experience in healthcare real estate as a former CFO of Welltower, the nation’s largest publicly traded healthcare REIT, as well as his long experience as a board member Directors of two other NYSE-listed real estate investment trusts will prove invaluable to American Healthcare REIT as we grow our business and pursue our strategic plan on behalf of our fellow shareholders.”

Estes served as Chief Financial Officer of Welltower Inc., an S&P 500 constituent real estate investment trust focused on healthcare infrastructure, for more than a decade, from March 2006 at October 2017. His 14-year tenure with the company began in 2003 as Vice President of Finance. Estes has been significantly involved in managing capital allocation to support Welltower’s rapid growth, with direct oversight of capital markets transactions that have raised over $14 billion equity and $10 billion principal of unsecured debt.

Prior to joining Welltower, Estes served as a senior equity research analyst and vice president at Deutsche Bank Securities, a leading financial services firm, with primary industry sub-sector coverage. REITs and health services. Additionally, Estes has served as vice president of Bank of America Securities’ equity research department since January 1998 through December 1999covering the healthcare REIT and senior housing sectors, as well as an associate analyst and assistant vice president of Morgan Stanley’s equity research department. March 1994 through December 1997covering the REIT and healthcare services industry sub-sectors.

Since July 2017Estes was a member of the board of directors and chairman of the audit committee of JBG SMITH Properties, a NYSE-listed REIT that owns, operates, invests and develops a dynamic portfolio of mixed-use properties in high-growth and low-growth areas. high barrier. entry-level submarkets in and around Washington. CC Moreover, since June 2018he was independent director and chairman of the audit committee of Essential Properties Realty Trust, a NYSE-listed REIT that acquires, owns and manages a portfolio of primarily single-tenant properties that are net long-term leases to businesses. operation of service-oriented or experiential businesses.

“Our Board of Directors selected Scott to serve as a director based on his impressive financial and business expertise, particularly as Chief Financial Officer of one of the largest publicly traded healthcare REITs. in the world,” said Jeff Hansson, President of the council. “We believe his experience in overseeing financial reporting, capital markets and capital raising, corporate finance and accounting, treasury, tax and audit functions , along with his prior service on the boards of two other NYSE-listed REITs, will bring significant value to our company and our shareholders, particularly in his role as a member of our audit committee.”

About American Healthcare REIT, Inc.

American Healthcare REIT, Inc., a self-directed, publicly registered real estate investment trust, owns and manages a diversified portfolio of healthcare real estate assets totaling approximately 19.5 million square feet, with a gross investment value of approximately $4.3 billion. From June 30, 2022this international portfolio includes 313 properties including medical office buildings, retirement homes, skilled nursing facilities and other real estate-related investments in 36 states, the UK and the Isle of man. For more information, please visit www.AmericanHealthcareREIT.com.

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SOURCEAmerican Healthcare REIT, Inc.

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