American Healthcare REIT Inc. (NYSE: AHR) has hired Aric Chang to become its next chief financial officer (CFO), effective Oct. 1. Chang succeeds Brian Peay, who is retiring on Sept. 30 after 10 years as CFO.
Chang joins the Irvine, California-based real estate investment trust from Public Storage (NYSE: PSA), an S&P 500 real estate company, where he serves as CFO for real estate. Before Public Storage, he held senior finance positions at New York Stock Exchange-listed REITs, including Rexford Industrial, where he served as senior vice president for investor relations and capital markets, and Rouse Properties, where he managed corporate finance and debt restructuring before the company’s acquisition by Brookfield. Earlier in his career, he held senior REIT research roles at Green Street Advisors and Oak Hill REIT Management.
“AHR is building a company where disciplined capital allocation, leading senior housing operating capabilities, strategic asset management and a modern data and technology platform reinforce one another to drive better resident care outcomes, leading to sustainable growth and long-term value creation,” said Jeff Hanson, chairman and CEO. “Aric’s combination of public company finance, investment and operating partner experience makes him exceptionally well suited to advance that strategy, and we are delighted to welcome him to AHR.”
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