American Healthcare REIT said Aric Chang will become chief financial officer on Oct. 1, 2026, replacing Brian Peay, who is retiring after 10 years in the role.
Chang joins from Public Storage, where he oversees real estate and corporate finance, financial planning and analysis, investment underwriting and real estate data analytics. During his tenure there, he handled about $16 billion of capital deployment across acquisitions, development, lending and mergers and acquisitions.
His background spans more than two decades in real estate, with senior roles at Rexford Industrial, Rouse Properties, Green Street Advisors, Oak Hill REIT Management and J.P. Morgan Asset Management. At J.P. Morgan Asset Management, he worked from 2015 to 2022 on a real estate platform with more than $80 billion of assets under management.
Peay joined American Healthcare REIT in 2016 and remained CFO through the company’s listing on the New York Stock Exchange. The company said he will stay in the job through Sept. 30, 2026.
The move comes as American Healthcare REIT continues to scale its operating platform. The company said Chang will work alongside Kenny Lin, executive vice president, deputy CFO and chief accounting officer; Charlynn H. Diapo, senior vice president, accounting and finance; and Alan Peterson, vice president, investor relations and finance. The market has reacted to these announcements by moving the company's shares -1.33% to a price of $55.46. If you want to know more, read the company's complete 8-K report here.
