American Healthcare REIT Appointed Permanent CEO in July
The leadership change arrives as the real estate firm executes an aggressive acquisition strategy to scale operations.
Updated on Sept. 28, 2026 in Healthcare
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American Healthcare REIT Inc. appointed Jeff Hanson as permanent chief executive officer in July 2026. The move follows the retirement of Danny Prosky, who stepped down after suffering a heart attack earlier in February 2026.
Why it matters
The leadership transition coincides with a rapid portfolio expansion aimed at meeting the rising demand for senior housing among retiring baby boomers. By consolidating assets, the firm seeks to scale its operational footprint to match long-term demographic shifts.
The company, which now manages 327 properties, saw its market capitalization reach $11.4 billion. It completed $2 billion in acquisitions in 2026, with an additional $675 million remaining in the current pipeline.
The players
American Healthcare REIT Inc.
An Irvine-based real estate investment trust that manages a portfolio of 327 senior housing properties across the U.S., U.K., and Isle of Man.
Jeff Hanson
The permanent chief executive officer appointed in July 2026 to lead the company's long-term scaling strategy.
Danny Prosky
The former chief executive officer who retired following a heart attack in February 2026.
The details
The firm utilizes a two-pronged growth strategy focused on expanding partnerships with established operators and entering new markets through large-scale acquisitions. Recent activity includes the $572 million purchase of six Kensington Senior Living communities and the $696 million acquisition of eight LCB Senior Living properties. This expansion model is built upon the structural foundation of a tri-party merger between two REITs and their sponsor company.
Timeline
2005 marked the creation of the platform for American Healthcare.
February 2026 was when former CEO Danny Prosky suffered a heart attack.
July 2026 saw the formal appointment of Jeff Hanson as permanent CEO.
August 2026 marked the closing of acquisitions from Kensington Senior Living.
Market Landscape
The firm's current growth phase follows the 2024 initial public offering, which raised $672 million to facilitate aggressive asset accumulation. This strategy represents a significant escalation in scale compared to the company's operational trajectory prior to its public debut.
Operators should monitor the company's remaining $675 million acquisition pipeline as an indicator of broader consolidation trends in the senior housing market. Management's 10 to 15-year scaling plan suggests a sustained period of high-volume asset movement that may influence local valuation benchmarks.
The takeaway
The leadership change signals that American Healthcare REIT intends to continue its aggressive acquisition pace despite the transition. Owners in the senior housing space should track the company's property integration metrics to understand the competitive pressure exerted by large-scale institutional buyers.
Further reading
For more on industry shifts, visit the Healthcare section.
Source note: This article includes information reported by Orange County Business Journal.
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