When the transaction was announced in June, it was expected Ventas would pay $2.6 billion in stock and cash. Unfortunately, American Realty Capital REITs have had less than stellar results for investors. August 18, 2020 The company launched its Series A Preferred Stock offering (Nasdaq: HTIA) in December 2019. As of September 30, 2020, the company owned 885 properties totaling 19 million rentable square feet, including 852 single-tenant net leased commercial properties (814 of which are retail properties) and 33 multi-tenant retail properties. Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 200 properties, as of the second quarter of 2020. American Finance Trust is focused on managing and acquiring a portfolio of single and multi-tenant properties that are service-retail focused. 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. 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. 2015 by The White Law Group, LLC All rights reserved. Subject to approval, the common stock would begin trading during the third quarter. These REITs include: If you invested in any of these REITs, or others, we may be able to help. 10:45 am 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. The company's previous NAV per share was $17.50 as of December 31, 2018, and shares were . You also can request a free private and confidential evaluation by clicking Free & Confidential Consult. 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. Click here to visit The DI Wire directory page. 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. 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. Previous NAVs per share were $15.75 per share as of December 31, 2019, and $17.50 per share as of December 31, 2018. Contact us now for a free consultation! To learn more about the firms investigation of Healthcare Trust Inc. please see: Investment Losses? 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. 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. The range of values was based on the estimated fair value of the REITs assets, less the estimated fair value of its liabilities and the liquidation value of its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock and its 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock, divided by approximately 99.7 million shares of common stock outstanding as of December 31, 2021. Ruchi has an Accounting and Graduate Degree in Business from the International School and Business and Media. We represent investors on a contingency fee basis, meaning there are no upfront costs or fees to you. 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 company launched its Series A Preferred Stock offering (Nasdaq: HTIA) in December 2019. 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. 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 White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. These restrictions will continue to apply unless certain conditions related to liquidity and leverage are met. We are the founder of Mass Torts Made Perfect. 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. Click here to visit The DI Wire directory page. (Learn more:Did your Financial Advisor Recommend Investing in Non-Traded REITs?). AR Global's HTI was incorporated on October 15, 2012, as a Maryland corporation that elected to be taxed as a real estate investment trust (REIT). They will pay nearly $43.1 million if all shares in the current tender offer. In addition to the high risks, non-traded REITs, likeHealthcare Trust Inc.,often lack liquidity. The DI Wire is the definitive news source for the illiquid alternative investment industry. 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. Private Placement Investors Attorney Are you concerned about a private placement investment you made with your financial advisor? Non-Traded REITs Problems Similar to AR Global REIT. 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. The offer is in response to an unsolicited offer from MacKenzie Capital Management, LP$12.11 per share She is exceptionally skilled in financial databases like Bloomberg, ThomsonOne,Datastream, CapitalIQ, and Factiva. This is a national conference attended by 1,500 lawyers each year where we teach how to successfully handle lawsuits against the largest companies in the world. 5 Big Reasons JNJ Is A Buy. Contact us now for a free consultation! Below are some of the emails and letters that our clients have sent us. Schorsch, who remains as chairman of the AR Capital investment firm, had resigned in December from ARCP and the boards of 13 companies. Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs as high as 15%. 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 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. 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. Gibbs Law Groupsfinancial fraudandsecurities lawyershave more than two decades of experience prosecuting fraud. Non-traded REITs are high risk, complex investments and are not suitable every investor. All copies must include this copyright statement. 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 . Gibbs Law Group is currently investigating a number of REITs on behalf of shareholders. 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. 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. See: Hospitality Investors Trust Inc. (HIT REIT) Files Chapter 11 Bankruptcy. Copyright 2023 Healthcare Trust Inc. All Rights Reserved. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. 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. 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. 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? Mr. Weil was named Healthcare Trust Inc.'s chief executive officer on August 23, 2018, which went into effect on September 12, 2018. Advisors who recommended their clients to invest in Healthcare Trust Inc. REIT or other similar investments may be liable for losses suffered by the clients. You may have a claim. As of Dec. 31, the REIT had 118 assets and about 6.3 million square feet. According to the news source. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance. 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. Many investors are not fullyaware of the problems and risks associated with these investments before purchasing them. This included the fact that AR Global was the sponsor of nine other publicly offered programs. involving Healthcare Trust Inc. (ARC Healthcare Trust II) and the liability broker dealers may have improperly recommending it to investors. Read more about our results. The range of values was based on the estimated fair value of the REITs assets, less the estimated fair value of its liabilities and the liquidation value of its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, divided by approximately 94.3 million shares of common stock outstanding as of December 31, 2020. 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.. 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 Necessity Retail REIT (NASDAQ: RTL) is the preeminent real estate investment trust (REIT) focused "Where America Shops", American Strategic Investment Co. The DI Wire reports that, as of December 31, 2018, the companys NAV per share was $17.50. Free AlphaBetaStock's Cheat Sheet (No CC)! 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.. 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. Unfortunately, American Realty Capital REITs have had less than stellar results for investors. Unfortunately, in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations. Shares of Healthcare Trust Inc. originally sold for $25.00 per share. The purchase price in the MacKenzie Offer is $9.34 per Share, or 44%, lower than the Estimated Per-Share NAV. 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. Ventas acquired ARC Healthcare Trust for $3.2 billion in a stock and cash deal. 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. Portfolio Property Map. 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. If you invested in the Healthcare Trust REIT, you may have a claim. The original offering price was$25.00/share. For more information on The White Law Group, visitwww.whitesecuritieslaw.com. The company indicated that the changes were made to preserve liquidity and maintain additional financial flexibility in light of the COVID-19 pandemic. 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. 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. 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. You should consult an attorney for individual advice regarding your own situation. 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. The DI Wire is the definitive news source for the illiquid alternative investment industry. Last April, the Healthcare Trust board approved the net asset value per share of $17.50. Our firm is investigating AR Globals Healthcare Trust, Inc. on behalf of REIT investors. Since then, the share price has decreased dramatically, reaching an estimated net asset value (NAV) of $15.75 as of December 31, 2019. 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. 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. Unfortunately for many investors, it appears that the secondary market price would represent a significant loss on their initial capital investment. Healthcare Trust, Inc. is a non-traded real estate investment trustsponsored by AR Global. Other major contributors to the lower NAV included the fair value of the companys debt ($0.92), and the liquidation value of 1.6 million shares of its Series A preferred stock ($0.43). Non-traded REITs are not traded on the public securities exchange, meaning that these REITs can often be illiquid. His departures came after an accounting scandal was disclosed in October at ARCP. As such, it was subject to significant risks including: Investments in Healthcare Trust Inc. REIT were not suitable for all investors. All Rights Reserved. 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. Even if the NAV was accurate, this could represent a decline of over 40% of the investors principal. 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. 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. Healthcare Trust Inc. is a publicly registered non-traded REIT (real estate investment trust) that was sponsored by AR Global. Speak with a lawyer today to learn more about our REIT lawsuits. Real estate investment trusts (REITs)are complex and inherently risky products. Healthcare Trust Inc. is a publicly registered non-traded real estate investment trust sponsored by AR Global. April 4, 2022 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. My in-laws lost their retirement funds to a dishonest broker. Repurchases under the SRP were also suspended, effective August 12, 2020, and the board rejected all repurchase requests made since January 1, 2020. Healthcare Trust Investors may have lost a significant amount of their original investment, and may even remain stuck in the non-traded REIT. 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. Two AR Global REITs Appoint New CFO Following Resignation, Click here to subscribe to our Daily News Updates, SEC Obtains Judgment Against Former LPL Broker that Ran $5 Million Ponzi Scheme, CNL Healthcare Urges Shareholders to Reject Comrit Tender Offer, 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 contingency fee we charge ranges from 20% to 40%. For more information, please read our full disclaimer. Written by The White Law Group March 14, 2018 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. These types of investments are only supposed to be sold to accredited investors. Occupancy was approximately 91 percent and the average remaining lease term was 10 years. You should consult an attorney for individual advice regarding your own situation. The board of Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has amended the companys distribution policy and share repurchase program. 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. She received her law degree from American University in 2005.
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