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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. 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. Ventas acquired ARC Healthcare Trust for $3.2 billion in a stock and cash deal. We may be able to file a FINRA Claim to recover damages you suffered due to the negligent or unsuitable recommendations from your broker. The White Law Group continues to investigateFINRA arbitration claimsinvolving Healthcare Trust Inc. (ARC Healthcare Trust II) and the liability broker dealers may have improperly recommending it to investors. His departures came after an accounting scandal was disclosed in October at ARCP. She received her law degree from American University in 2005. For more information on The White Law Group, visithttps://www.whitesecuritieslaw.com. The Board of Directors reportedly updated its Net Asset Value per share as of December 31, 2021. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Previous NAVs per share were $14.50 as of December 31, 2020, $15.75 per share as of December 31, 2019, and $17.50 per share as of December 31, 2018. These restrictions will continue to apply unless certain conditions related to liquidity and leverage are met. 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. Unfortunately for many investors, it appears that the secondary market price would represent significant losses on their initial capital investment. Healthcare Trust, Inc. (formerly known as ARC Healthcare Trust II) is a non-traded real estate investment trust (REIT) which seeks to acquire a diversified portfolio of real estate properties, focusing primarily on healthcare-related assets including medical office buildings, seniors housing and other healthcare-related facilities, according to 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 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. The announcement comes one week after American Realty Capital Global Trust, Inc. said it planned to list its common stock on the New York Stock Exchange under the symbol GNL, possibly as soon as the second quarter. See: Hospitality Investors Trust Inc. (HIT REIT) Files Chapter 11 Bankruptcy. Silver Law Group and Scott Silver aggressively pursued their losses until he got their money back., You and your entire staff have been wonderfully organized, professional and a delight to hear from. They will pay nearly $43.1 million if all shares in the current tender offer. 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. 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. 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. 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. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. Occupancy was approximately 91 percent and the average remaining lease term was 10 years. 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. He is a founding partner of AR Global and has served as a leading executive and board member on several publicly-traded and non-traded real estate companies. Contact us now for a free consultation! 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Healthcare Trust is a non-traded REIT which invests in multi-tenant medical office buildings. You can contact attorney Michael Bixby directly at Mbixby@levinlaw.com to discuss your potential claim, or fill out an evaluation form or give us a call and we will provide a complimentary review of your potential claim. 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. Mr. Weil was named Healthcare Trust Inc.'s chief executive officer on August 23, 2018, which went into effect on September 12, 2018. Unfortunately, in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations. We are getting many calls from non-traded REITs investors that are trying to recover their losses, says Jason Haselkorn, a national investment fraud lawyer. So the tender offer, which expires in April, offer nearly half the boards value. 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. Moreover, the total commissions and expenses make it difficult for non-traded REITs to perform in line with the market. Healthcare Trust Inc. is a publicly registered non-traded real estate investment trust sponsored by AR Global. The purchase price in the MacKenzie Offer is $9.34 per Share, or 44%, lower than the Estimated Per-Share NAV. 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. Thus, brokers who misrepresent the investments, or recommend unsuitable investments may be liable for losses suffered. 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. 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. Last April, the Healthcare Trust board approved the net asset value per share of $17.50. The Company offer is being made in order to deter MacKenzie and other potential future bidders that may try to exploit the illiquidity of the shares and acquire them from the Companys stockholders at prices substantially below their Estimated Per-Share NAV, according to SEC filings. 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 companys common stock, as of December 31, 2020. Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 200 properties, as of the third quarter of 2020. 2023 Commercial Property Executive. Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has reported that Katie Kurtz will resign as chief financial officer, secretary and treasurer. Schorsch, who remains as chairman of the AR Capital investment firm, had resigned in December from ARCP and the boards of 13 companies. Speak with a lawyer to find out if you have a claim. Get a free and confidential consultation. involving Healthcare Trust Inc. (ARC Healthcare Trust II) and the liability broker dealers may have improperly recommending it to investors. All copies must include this copyright statement. Click here to visit The DI Wire directory sponsor page. American Realty Capital Healthcare Trust II, Inc., is the latest AR Capital-sponsored REIT to seek a liquidity event by trading its common stock on a national stock exchange. Announces Final Results of Rights Offering for Common Stock, GLOBAL NET LEASE REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS, GLOBAL NET LEASE ANNOUNCES RELEASE DATE FOR FOURTH QUARTER AND FULL YEAR 2022 RESULTS, Healthcare Trust Announces Preferred Stock Dividends, Healthcare Trust, Inc. Third Quarter 2022 Webcast, THE NECESSITY RETAIL REIT COMPLETES $70 MILLION STOP & SHOP DISPOSITION, THE NECESSITY RETAIL REIT ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 RESULTS. American Finance Trust is focused on managing and acquiring a portfolio of single and multi-tenant properties that are service-retail focused. Gibbs Law Group attorneys have fought some of the most complex cases brought under federal and state laws nationwide, and have been recognized with numerous awards and honors for their accomplishments, includingTop 100 Super Lawyers in Northern California,Top Plaintiff Lawyers in California,The Best Lawyers in America, and ratedAV Preeminent(among the highest class of attorneys for professional ethics and legal skills). Both AR Capital- sponsored REITs were part of the real estate empire built by Nicholas Schorsch, the embattled former chairman & CEO of American Realty Capital Properties and head of numerous non-traded REITs, business development corporations and other partnerships. Prior to making recommendations to an individual investor, brokerage firms are required by the Financial Industry Regulatory Authority (FINRA) to disclose all the risks of an investment. Repurchases under the SRP were also suspended, effective August 12, 2020, and the board rejected all repurchase requests made since January 1, 2020. Essex National Securities Inc. and Infinex Investments Inc. are Allegedly Responsible For Losses In High-risk Alternative Investment, Healthcare Trust Inc. (ARC Healthcare Trust II) Value Continues to Decline Recovery of Investment Losses in Healthcare Trust Inc. Healthcare Trust Inc. (HTI) Illiquid Investment Updated If your financial advisor unsuitably recommended investing in Blog, Current Investigations, Securities Fraud. 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. The amount we charge is based on how much we recover for you. Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. It said the assets included medical office buildings, seniors housing and other health-care related facilities. Home | AR Global AR Global A $12 BILLION GLOBAL REAL ESTATE ASSET MANAGER Managing a diversified platform of real estate investments across 12 countries globally for institutional and individual owners Our Reach Real estate owned in 12 countries and territories Providing real estate for over 1,000 tenants Managing assets in 93 industries The effective date of Kurtzs resignation will be determined at a later date but will not occur until the REITs complete their respective 2020 financial reports, the companies said in a filing with Securities and Exchange Commission. Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs as high as 15%. 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. Brokerage firms that do not perform adequate due diligence on an investment and/or make unsuitable recommendations can be held accountable for investment losses through FINRA arbitration. Copyright 2023 Healthcare Trust Inc. All Rights Reserved. Ventas acquired ARC Healthcare Trust for $3.2 billion in a stock and cash deal. The original offering price was$25.00/share. Alts News; AR Global's Healthcare Trust Prices Preferred Stock Offering. Usually that is not the case when dealing with legal matters but you guys (gals) rock., Ive always found them to be extraordinary counsel in terms of their preparation and their professionalism.. 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. Our firm is investigating AR Globals Healthcare Trust, Inc. on behalf of REIT investors. In some cases, the value can be pennies on the dollar or not even a market for the investment anywhere. Unfortunately, American Realty Capital REITs have had less than stellar results for investors. (Learn more: Did your Financial Advisor Recommend Investing in Non-Traded REITs? Healthcare Trust Inc. is a publicly registered non-traded real estate investment trust sponsored by AR Global. Since then, the share price has decreased dramatically, reaching an estimated net asset value (NAV) of $15.75 as of December 31, 2019. All copies must include this copyright statement. Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 200 properties, as of the second quarter of 2020. 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. 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. 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 DI Wire is the definitive news source for the illiquid alternative investment industry. 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. 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. In response to the calls, Haselkorn & Thibaut has set up a toll-free number at 1 888-628-5590 to call for a free portfolio review. AR Global's Healthcare Trust Changes Distribution Policy and Suspends Repurchases The board of Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has amended the company's distribution policy and share repurchase program. Michael has over 20 years of experience representing individual and small business plaintiffs against the worlds large financial institutions, including Visa, Mastercard, and Chase. 6:41 pm Click here to visit The DI Wire directory page. Shares were originally priced at $25.00 each. Shares of Healthcare Trust Inc. REIT could be worth as little as $5 or less. Free AlphaBetaStock's Cheat Sheet (No CC)! If you invested in the Healthcare Trust REIT, you may have a claim. With non-traded REIT, the prices are not transparent and easily seen on exchanges such as the New York Stock Exchange or NASDAQ. For more information, please visit our About Us section. Read more about what judges say about us. Kurtz stated that her resignation is not related to any disagreements or disputes with management of the companies. 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. 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. To learn more about the firms investigation of Healthcare Trust Inc. please see: Investment Losses? February 23, 2021 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. 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. NNOX Stock: Time to Buy, Analysis, Financial and Competitors (NASDAQ: NNOX), Johnson & Johnson Stock Corrects. To review a summary of our fees and costs, click Fees & Costs. Healthcare Trust, Inc. (formerly known as ARC Healthcare Trust II) is a non-traded real estate investment trust (REIT) which seeks to acquire a diversified portfolio of real estate properties, focusing primarily on healthcare-related assets including medical office buildings, seniors housing and other healthcare-related facilities, according to its website. 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. Blog, Current Investigations. 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. To contact us for a free confidential consult, you can call us at (800) 277-1193. 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. Two weeks ago, ARCP released six quarters of restated financials and is moving on under new management in Phoenix. Further, brokers are required to fully and accurately describe the risks and rewards of the investments they offer. Shares of the Healthcare Trust REIT were originally priced at $25 per share. 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. No further repurchase requests may be made unless the SRP is reactivated, the company said. Shares of Healthcare Trust Inc. originally sold for $25.00 per share. 10:45 am Once her resignation becomes effective, Jason Doyle will succeed her as CFO, secretary and treasurer of both companies. You also can request a free private and confidential evaluation by clicking Free & Confidential Consult. He was named to the Top 40 Under 40 by Daily Journal and a Rising Star in Class Actions by Law360. 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. 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. 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. The REIT is not restricted from paying dividends on its Series A Preferred Stock. Shares of Healthcare Trust Inc. originally sold for $25.00 per share. 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. Under the FINRA Rules brokers and advisors are required to conduct reasonable due diligence and are only permitted to recommend investments that are suitable for the clients risk tolerance and needs. Shares were originally priced at $25.00 each. 5 Big Reasons JNJ Is A Buy. You should consult an attorney for individual advice regarding your own situation. The Board of Directors reportedly updated its Net Asset Value per share as of December 31, 2021. with the SEC, the REITs board claims in its latest valuation that the NAV has increased slightly from its previous value of $14.50 to $15.00 per share,yet the independent third-party real estate advisory firm, Kroll LLC indicated thatthe NAV per share range is actually$13.78 $15.50, with a midpoint of$14.61 per share. Healthcare Trust Inc. is a publicly registered non-traded REIT (real estate investment trust) that was sponsored by AR Global. Your inquiry will be immediately reviewed by one of our attorneys who handles securities 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. Contact us now for a free consultation! Our lawyers provide free confidential case evaluations, and we never charge any fees or costs unless you first recover. Based on law firm verdicts and settlements exceeding $4 billion, our securities fraud lawyers are committed to seeking justice for the victims of investment fraud and misconduct.
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