Business Context and Reporting Period
This Form 8-K is filed by Griffin-American Healthcare REIT IV, Inc. (noted in the metadata as American Healthcare REIT, Inc.) with a report date of February 12, 2019. The registrant is an emerging growth company incorporated in Maryland. The filing addresses a corporate governance event under Item 8.01 (Other Events).
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding a contractual renewal and does not contain financial statements or performance metrics.
Material Changes
The material change reported is the renewal of the advisory agreement. On February 12, 2019, the registrant entered into an additional mutual consent to renew the advisory agreement with its operating partnership, Griffin-American Healthcare REIT IV Holdings, LP, and its advisor, Griffin-American Healthcare REIT IV Advisor, LLC. This follows previous renewals in 2017 and 2018 of the original agreement dated February 16, 2016.
Outlook and Management Commentary
The renewed advisory agreement will terminate on February 16, 2020, unless earlier terminated in accordance with its terms. The agreement may be renewed for an additional one-year term upon written mutual consent of the parties. No specific financial guidance, risk factors, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- The advisory agreement has been extended for one year, expiring on February 16, 2020.
- The registrant is classified as an emerging growth company and has elected not to use the extended transition period for new accounting standards.
- Future renewals require written mutual consent from both the registrant and the advisor.
- No financial performance data is included in this specific filing.