The Companys board of directors is urging shareholders to reject Mackenzies offer, believing it is not in their best interest. Doyle joined AR Global in October 2018 to serve as chief accounting officer of Global Net Lease Inc. (NYSE: GNL), a publicly traded REIT advised by affiliates of AR Global. Compared to traditional investments, such as stocks, bonds and mutual funds, REITs are significantly more complex and often better suited for sophisticated and institutional investors. Shares were originally priced at $25.00 each. Last April, the Healthcare Trust board approved the net asset value per share of $17.50. The firm is led by Scott Silver, a former Wall Street defense attorney who has been representing customers in securities and investment fraud cases since 2002. Brokers and brokerage firms who did not conduct appropriate due diligence or unsuitably recommended their clients invest in Healthcare Trust Inc. may be liable for losses suffered by investors. The real estate assets decreased by ($0.21) per share compared to last year, due to a 3.5 percent decrease below their original investment cost of $2.7 billion, as well as subsequent capital expenditures of $53 million at the properties. Alts News; AR Global's Healthcare Trust Prices Preferred Stock Offering. So the tender offer, which expires in April, offer nearly half the boards value. Federal judge in our Chase lawsuit (resulting in $100 million settlement): They fought tooth and nail, down to the wire to achieve the best settlement that they could under the circumstances.. As such, it was subject to significant risks including: Investments in Healthcare Trust Inc. REIT were not suitable for all investors. Contact us now for a free consultation! The REIT also declared a quarterly stock dividend of 0.014167 per share that will be paid on April 18, 2022 to shareholders of record at the close of business on April 11, 2022. The company invests in multi-tenant medical office buildings and owns an 8.4 million-square-foot portfolio of 163 properties with a total purchase price of $2.3 billion. Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, and American Finance Trust (Nasdaq: AFIN), a former non-traded REIT, have each reported that Katie Kurtz will resign as chief financial officer, secretary and treasurer. By the time of the closing, it had risen to $13.12 per ARC Healthcare Trust stock. Prior to joining GNL, he held various financial and practice leadership roles, including acting vice president of finance at Markforged Inc., associate controller and head of global accounting operations at Charles River Associates, and VP of finance and practice director of transportation at AST Corporation, a private software and management consulting firm. Led by attorney Peter Mougey, the past President of the national securities bar PIABA, our Securities and Business Tort Department has represented more than 1,500 investment fraud victims across the country in state and federal court and securities industry arbitration. Read more about our results. When the transaction was announced in June, it was expected Ventas would pay $2.6 billion in stock and cash. The company's primary offering was declared effective by the SEC in February 2013 and closed in November 2014 after raising $2.2 billion in investor equity. These restrictions will continue to apply unless certain conditions related to liquidity and leverage are met. Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has announced the pricing of an underwritten public offering of 2.2 million shares of its 7.375% Series A cumulative redeemable perpetual preferred stock. Kroll LLC (formerly known as Duff & Phelps), an independent third-party real estate advisory firm, assisted with the valuation and provided an NAV per share range of $13.78 $15.50, with a midpoint of $14.61 per share which is $0.39 lower than the declared NAV per share. The company launched its Series A Preferred Stock offering (Nasdaq: HTIA) in December 2019. Many investors have reported being unable to redeem their shares fromnon-traded REITsand remain stuck in these uncertain investments as a result. The DI Wire is the definitive news source for the illiquid alternative investment industry. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Shares of Healthcare Trust Inc. originally sold for $25.00 per share. The company previously lowered its annual distribution rate from$1.45 to $0.85 per shareon March 1, 2018, and previously from$1.70 per share to $1.45 per shareon April 1, 2017. Healthcare Trust invests in healthcare-related real estate and owns a $2.6 billion portfolio of 202 properties located in 33 states and comprised of 9.2 million rentable square feet, as of the fourth quarter of 2021. However, the net asset value assigned by the non-traded REIT company is usually substantially less than what the investor can sell it for on a secondary market exchange. According to Central Trade & Transfer, a secondary market website, shares of Healthcare Trust Inc. have recently been listed for$10.50/per share. Contact Us Healthcare Trust, Inc. 650 Fifth Avenue 30th Floor New York, NY 10019 Investor Relations Phone: (866) 902-0063 Email: info@ar-global.com Name * First Last Email * Phone * Message How can we help you? Schorsch, who remains as chairman of the AR Capital investment firm, had resigned in December from ARCP and the boards of 13 companies. Copyright 2023 AlphaBetaStock.com All Rights Reserved | AlphaBetaStock.com is a financial news publisher that does not offer any personal financial advice or advocate the sale or purchasing of any investment/security. While structured as a non-traded REIT, American Finance Trusts offering raised more than $1.6 billion in investor equity between April and October 2013. The REIT also declared a quarterly stock dividend of 0.014655 per share that will be paid on April 15, 2021 to shareholders of record at the close of business on April 12, 2021. It said the assets included medical office buildings, seniors housing and other health-care related facilities. Unfortunately for many investors, it appears that the secondary market price would represent a significant loss on their initial capital investment. Scott is admitted to practice in New York and Florida and the firms FINRA arbitration attorneys represents investors nationwide. Silver Law Group is a team of securities lawyers, forensic accountants, and support staff who are dedicated to helping investors recover losses through securities arbitration and litigation. The companys primary offering was declared effective by the SEC in February 2013 and closed in November 2014 after raising $2.2 billion in investor equity. Is it a Buy? EIn addition, most investors are caught off guard by the losses until they sell. The REIT, sponsored by American Realty Capital (now known as AR Global), was part of a commercial real estate empire built by investor Nicholas Schorsch that was involved in an. The White Law Group continues to investigate. Blog, Current Investigations. Unfortunately, American Realty Capital REITs have had less than stellar results for investors. The company indicated that the changes were made to preserve liquidity and maintain additional financial flexibility in light of the COVID-19 pandemic. Even if the NAV was accurate, this could represent a decline of over 40% of the investors principal. Healthcare Trust, Inc. is a non-traded real estate investment trust sponsored by AR Global. Non-traded REITs are high risk, complex investments and are not suitable every investor. The board of Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has declared a net asset value per share of the companys common stock, as of December 31, 2021. The Necessity Retail REIT (NASDAQ: RTL) is the preeminent real estate investment trust (REIT) focused "Where America Shops", American Strategic Investment Co. Healthcare Trust REIT Lawsuit Investigation, Gender Discrimination against Transgender and Nonbinary People, Cole Credit Property Trust III (CCPT III). Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. Copyright 1996-2023 | Policies & Disclaimers, Representing Personal Injury Clients Since 1955, Levin Papantonio Rafferty - Personal Injury Law Firm, Martindale-Hubbell Preeminent Woman Attorney, $380 Million in Environmental Pollution Case, Healthcare Trust Inc. REIT Investment Losses Investors May Have Right to File Claim, Brian Barr Again Picks Up the Fight Against Skanska in Oral Arguments, The Risks of Overconcentration in Pot Stocks, Retirees Are Suing for Investment Losses Allegedly Caused by Quincy, IL Area Financial Advisor and Broker Jeff Kennedy, Investigation of Former Destin, FL Broker C. Ronald Patton for Possible Unsuitable Recommendations, Brokers who sold the investment and the dealer managers received, Healthcare Trust had a limited operating history, No public market existed for shares of their common stock and the invest could remain illiquid indefinitely, According to the offering materials AR Global admitted it established the offering price on an arbitrary basis; as a result, the actual value of your investment may be substantially less than what you pay. AR Globals Healthcare Trust Declares Annual NAV Per Share, Click here to subscribe to our Daily News Updates, Shopoff Realty Investments Hires New Chief Financial Officer, UBS, Envestnet and iCapital Launch Alternatives Exchange Platform, ExchangeRight Fully Subscribes $40.75 Million Value-Add DST Offering, Cantor Silverstein Opportunity Zone Trust Secures $165 Million Construction Loan, RREEF Property Trust Updates Daily NAVs for February 2023. The per share price you will actually be paid will be no more than $12.04 per share since MacKenzie will reduce the actual share price by any distributions paid by the company after January 31, 2018. Written by The White Law Group October 5, 2022 Listing Healthcare Trust II is an important strategic step to enhance long-term shareholder value and create liquidity, CEO Thomas DArcy said in the release. According to SEC filings on March 13, 2018, Healthcare Trust, Inc. commenced a self-tender offer for up to 2,000,000 Shares at a price of $13.15 per share. The DI Wire is the definitive news source for the illiquid alternative investment industry. He was named to the Top 40 Under 40 by Daily Journal and a Rising Star in Class Actions by Law360. The White Law Group is continuing our investigation in (312) 238-9650 | Fax (312) 238-8950 | (888) 637-5510 | 125 S. Wacker Drive, Suite 300, Chicago, Illinois 60606The information you obtain at this site is not, nor is it intended to be, legal advice. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle Washington. Two weeks ago, ARCP released six quarters of restated financials and is moving on under new management in Phoenix. A spokesperson for the ARC Healthcare Trust II said the New York-based REIT intended to file an application to trade under the symbol HTI but did not publicly disclose at which exchange it planned to list. As of Dec. 31, the REIT had 118 assets and about 6.3 million square feet. This belief is based on the most recent estimated net asset value per share of $21.45 (approved by the Board on March 30, 2017.). If your advisor recommended any Healthcare Trust Inc., you may have a legal right to bring a claim to recover your losses. Comrit and its associates currently hold roughly 189k Healthcare Trust shares or approximately 0.2 percent of the outstanding. Healthcare Trust Inc. is a publicly registered non-traded real estate investment trust sponsored by AR Global. 5 Big Reasons JNJ Is A Buy. The companys primary offering was declared effective by the SEC in February 2013 and closed in November 2014 after raising $2.2 billion in investor equity. According to trading data from secondary market sources, shares of Healthcare Trust Inc. REIT have sold for as little as $5 per share or less in 2021, which would represent an 80% decline from the initial share price. The DI Wire is the definitive news source for the illiquid alternative investment industry. Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market. 2015 by The White Law Group, LLC All rights reserved. According to the SEC, the REITs primary offering was declared effective in February 2013 and closed in November 2014 after raising $2.2 billion in investor equity. AR Global's Healthcare Trust Names New CFO, Secretary, and Treasurer Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has reported that Jason F. Doyle has resigned effective December 1, 2021. The board of Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has declared a $15.00 net asset value per share of the companys common stock, as of December 31, 2021. involving Healthcare Trust Inc. (ARC Healthcare Trust II) and the liability broker dealers may have improperly recommending it to investors. The company invests in multi-tenant medical office buildings and owns an 8.4 million-square-foot portfolio of 163 properties with a total purchase price of $2.3 billion. It is possible to file a FINRA Arbitration claim against the brokerage firm that sold you the investment. His departures came after an accounting scandal was disclosed in October at ARCP. Read more about what judges say about us. Click here to visit The DI Wire directory sponsor page. Healthcare Trust Inc. is a publicly registered non-traded real estate investment trust sponsored by AR Global (the successor business to AR Capital) The White Law Group continues to investigate claims on behalf of investors that purchased investments such as Healthcare Trust Inc. and other non-traded REITs . The board of Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has approved a $14.50 net asset value per share of the company's common stock, as of December 31, 2020. The offer is in response to an unsolicited offer from MacKenzie Capital Management, LP$12.11 per share For more information on The White Law Group, visithttps://www.whitesecuritieslaw.com. The amount we charge is based on how much we recover for you. Eileen is involved in the firms securities practice and has over a decade of experience in the legal world. Because the offer price under the company offer is still well below the current Estimated Per-Share NAV of the shares, the Companys board of directors recommends that stockholders DO NOT tender their Shares in the Company Offerorthe lower MacKenzie Offer. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance. Free AlphaBetaStock's Cheat Sheet (No CC)! Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 200 properties, as of the second quarter of 2020. AR Globals Healthcare Trust Inc. Third Party Tender Offer: $7.99 per share. The firm would also change its name, calling itself Global Net Lease, Inc. A news release from Healthcare Trust II, a publicly registered, non-traded REIT, said its Board of Directors had determined in consultation with its financial advisors KeyBanc Capital Markets and RCS Capital that moving forward with a listing application was in the firms best interests. Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. At that time, the ARC Healthcare Trust stock was valued at $11.3 for shareholders who wanted to cash out. Whether the loss is 40% or 80%, such a loss is a devastating decline particularly compared to the broad stock markets or even diversified traded REIT Index Funds both of which have experienced significant gains over the same time period. According to the news source. Unfortunately, in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations. Subject to approval, the common stock would begin trading during the third quarter. Blog, Current Investigations. With non-traded REIT, the prices are not transparent and easily seen on exchanges such as the New York Stock Exchange or NASDAQ. Shares were originally priced at $25.00 each. To contact us for a free confidential consult, you can call us at (800) 277-1193. The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. Once the listing occurs, the company would change its name to Healthcare Trust, Inc. Investor PresentationLatest 10-QLatest 10-K. American Strategic Investment Co. (NYSE:NYC), formerly known as New York City REIT is a publicly traded company listed on the NYSE that owns a portfolio of high-quality commercial real estate. If you invested in the Hospitality Trust REIT and have lost part of your investment, not received your distributions, or remain stuck in the uncertain REIT, you may be eligible for monetary recovery. Healthcare Trust Inc. Inc. recovery options, The White Law Group Files Lawsuit against Essex and Infinex, Healthcare Trust Inc. (ARC Healthcare Trust II) Declines, Healthcare Trust Inc. (HTI) Recovery of Investment Losses, AR Globals Healthcare Trust, Investment Losses, Pacific Oak Strategic Opportunity REIT Securities Investigation, Sorrento Therapeutics Inc. The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs as high as 15%. See: Hospitality Investors Trust Inc. (HIT REIT) Files Chapter 11 Bankruptcy. AR Globals Healthcare Trust Changes Distribution Policy and Suspends Repurchases, Click here to subscribe to our Daily News Updates, Cole Office & Industrial REIT (CCIT III) Increases Net Asset Value Per Share, Sponsored: Capital Square First Half 2020 Update, ExchangeRight Fully Subscribes $40.75 Million Value-Add DST Offering, Cantor Silverstein Opportunity Zone Trust Secures $165 Million Construction Loan, RREEF Property Trust Updates Daily NAVs for February 2023. Healthcare Trust Inc. was originally known as American Realty Capital Healthcare Trust II, Inc. Healthcare Trust was a high risk investment, and it should have only been recommended to investors who could afford a complete loss of their investment. HTI is a $2.6 billion (1) healthcare REIT with a high-quality portfolio focused on two segments, Medical Office Buildings ("MOB") and Senior Housing Operating Properties ("SHOP") (1) Based on total real estate investments, at cost of $2.6 billion, net of gross market lease intangible liabilities of $23.5 million as of March 31, 2022. The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. The Healthcare Trust Inc. Shareholders may have Claims The White Law Group continues to investigateFINRA arbitration claimsinvolving Essex National Securities Inc. and Infinex Investments Inc. are Allegedly Responsible For Losses In High-risk Alternative Investment, (312) 238-9650 | Fax (312) 238-8950 | (888) 637-5510 | 125 S. Wacker Drive, Suite 300, Chicago, Illinois 60606The information you obtain at this site is not, nor is it intended to be, legal advice. Scott focuses his law practice on securities arbitration and litigation and plaintiff-side class action litigation, representing individual investors and institutions in claims against brokerage firms, investment advisors, commodities firms, hedge funds and others. Doyle is a certified public accountant in the State of Rhode Island, holds a bachelors degree from the University of Rhode Island, and an MBA from Babson College. Files Chapter 11 Bankruptcy, Lucira Health Inc. Speak with a lawyer to find out if you have a claim. 2023 Commercial Property Executive. In addition to the high risks, non-traded REITs, likeHealthcare Trust Inc.,often lack liquidity. ARC Healthcare Trust II to List on Stock Exchange, Change Name, American Realty Capital Global Trust, Inc, A Closer Look at Tech Layoffs Impact on Office Leasing, MVK Capital JV Buys Minneapolis-Area Shopping Center, CF Industries to Relocate Suburban Chicago HQ. Announces Release Date for Fourth Quarter and Full Year 2022 Results, American Strategic Investment Co. For AR Global REIT investors that purchased AR Global for $25 a share, this is a considerable loss. The REIT, sponsored by American Realty Capital (now known as AR Global), was part of a commercial real estate empire built by investor Nicholas Schorsch that was involved in an accounting scandal several years ago. AR Global Healthcare Trust REIT Offer Comrit Investments 1 LP is a Tel Aviv-based securities and investment fund. 6:41 pm Kurtz stated that her resignation is not related to any disagreements or disputes with management of the companies. The purchase price in the MacKenzie Offer is $9.34 per Share, or 44%, lower than the Estimated Per-Share NAV. . This field is for validation purposes and should be left unchanged. Healthcare Trust, Inc. is a non-traded real estate investment trustsponsored by AR Global. To learn more about the firms investigation of Healthcare Trust Inc. please see: Healthcare Trust Inc. (ARC Healthcare Trust II) Decrease in Value *UPDATED*. Ventas chairman & CEO Debra Cafaro said the deal added more than 4 million square and 152 properties to her companys holdings as well as more than 20 new health systems to its client base and 10 new senior living operators. Thus, brokers who misrepresent the investments, or recommend unsuitable investments may be liable for losses suffered. In a filing with with Securities and Exchange Commission, the company indicated that any future distributions, if and when declared, will be paid on a quarterly basis in arrears in shares of common stock valued at the net asset value per share. High commissions could be a motivating factor for unscrupulous financial advisors to sell the REIT regardless of whether the investment is in line with the clients investment objectives and profile. Shares of the Healthcare Trust REIT were originally priced at $25 per share. You should consult an attorney for individual advice regarding your own situation. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance. The REIT conducted its initial offering in February of 2013 and raised a total of $2.2 Billion in investor equity, according to The DI Wire. In some cases, the value can be pennies on the dollar or not even a market for the investment anywhere. Shares were originally priced at $25.00 each. The REIT is not restricted from paying dividends on its Series A Preferred Stock. April 4, 2022 Shares of Healthcare Trust Inc. REIT could be worth as little as $5 or less. Non-Traded REITs Problems Similar to AR Global REIT. Unfortunately for many investors, it appears that the secondary market price would represent significant losses on their initial capital investment. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. AR Globals Healthcare Trust Declares Annual NAV Per Share, Click here to subscribe to our Daily News Updates, RK Properties Sells TIC/Fund Multifamily Property for $60 Million, Reports Hefty Return, Hartman Names Regional Director of Sales for Western Division, ExchangeRight Fully Subscribes $40.75 Million Value-Add DST Offering, Cantor Silverstein Opportunity Zone Trust Secures $165 Million Construction Loan, RREEF Property Trust Updates Daily NAVs for February 2023. Gibbs Law Group is currently investigating a number of REITs on behalf of shareholders. Private Placement Investors Attorney Are you concerned about a private placement investment you made with your financial advisor? This has led to an avalanche of lawsuits by investors against broker-dealers and investment firms to recover losses. Shares of Healthcare Trust Inc. originally sold for $25.00 per share. Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. To review a summary of our fees and costs, click Fees & Costs. Copyright 2023 Healthcare Trust Inc. All Rights Reserved. You may have a claim. She received her law degree from American University in 2005. According to the last report, AR Healthcare Trust REIT invests in multi-tenant medical office buildings and has a portfolio of 193 properties. According to one secondary market website, shares of Healthcare Trust Inc. have recently been sold for as low as $5.00/per share. She is exceptionally skilled in financial databases like Bloomberg, ThomsonOne,Datastream, CapitalIQ, and Factiva. Future distributions to shareholders will be paid in shares of common stock instead of cash, and share repurchases under the SRP were suspended. Our firm is investigating AR Globals Healthcare Trust, Inc. on behalf of REIT investors. MacKenzies offer expires on April 3, 2018 (unless extended). Healthcare Trust is closed to all new investments. 2015 by The White Law Group, LLC All rights reserved. Many investors are not fullyaware of the problems and risks associated with these investments before purchasing them. If you suffered losses investing in Healthcare Trust Inc., at the recommendation of your financial advisor, the securities attorneys at The White Law Group may be able to help you recover your losses. The company's previous NAV per share was $17.50 as of December 31, 2018, and shares were . Gibbs Law Groupsfinancial fraudandsecurities lawyershave more than two decades of experience prosecuting fraud. No further repurchase requests may be made unless the SRP is reactivated, the company said. Get free professional market insights and stock/ETF reports that contain actionable opportunities written by a former financial advisor and Capitalist who has been investing in the markets for 20+ years. Click here to visit The DI Wire directory page. Your inquiry will be immediately reviewed by one of our attorneys who handles securities litigation. Our law firm has been in existence for more than 65 years, and is recognized as one of the preeminent law firms in the United States. AR Global's Healthcare Trust Declares Annual NAV Per Share The board of Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has declared a net asset value per share of the company's common stock, as of December 31, 2021.

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