Ruchi has an Accounting and Graduate Degree in Business from the International School and Business and Media. The company launched its Series A Preferred Stock offering (Nasdaq: HTIA) in December 2019. Healthcare Trust Losses | Secondary Price Continues to Drop Because shares of common stock are only offered and sold through the distribution reinvestment plan, the company said that DRIP participants will not be able to reinvest in shares as long as it pays distributions in stock instead of cash. Click here to visit The DI Wire directory page. Read more about what judges say about us. 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 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. 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. 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. 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 . Michael has over 20 years of experience representing individual and small business plaintiffs against the worlds large financial institutions, including Visa, Mastercard, and Chase. August 18, 2020 Investors must rely on the sponsors to provide a net asset value. 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. Previous NAVs per share were $15.75 per share as of December 31, 2019, and $17.50 per share as of December 31, 2018. The June announcement came two months after ARC Healthcare Trust stock began trading on the NASDAQ under the symbol HCT. It said the assets included medical office buildings, seniors housing and other health-care related facilities. For more information, please visit our About Us section. several years ago. Two AR Global REITs Appoint New CFO Following Resignation Unfortunately, American Realty Capital REITs have had less than stellar results for investors. This field is for validation purposes and should be left unchanged. Shares were originally priced at $25.00 each. Schorsch, who remains as chairman of the AR Capital investment firm, had resigned in December from ARCP and the boards of 13 companies. In some cases, the value can be pennies on the dollar or not even a market for the investment anywhere. To review a summary of our fees and costs, click Fees & Costs. Healthcare Trust, Inc. is a non-traded real estate investment trust sponsored by AR Global. Repurchases under the SRP were also suspended, effective August 12, 2020, and the board rejected all repurchase requests made since January 1, 2020. Click here to visit The DI Wire directory sponsor page. Comrit Investments 1 LP, has made a tender offer to purchase up to 5 million shares of AR Globals Healthcare Trust Inc., a non-traded real estate investment trust (REIT), for $8.61 per share. 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. Healthcare Trust REIT Lawsuit Investigation, Gender Discrimination against Transgender and Nonbinary People, Cole Credit Property Trust III (CCPT III). The Companys board of directors is urging shareholders to reject Mackenzies offer, believing it is not in their best interest. Contact our firm to learn more about your REIT fraud options. 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. Healthcare Trust Investors may have lost a significant amount of their original investment, and may even remain stuck in the non-traded REIT. With non-traded REIT, the prices are not transparent and easily seen on exchanges such as the New York Stock Exchange or NASDAQ. Our firm is investigating AR Globals Healthcare Trust, Inc. on behalf of REIT investors. Gibbs Law Groupsfinancial fraudandsecurities lawyershave more than two decades of experience prosecuting fraud. 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. He was named to the Top 40 Under 40 by Daily Journal and a Rising Star in Class Actions by Law360. Kurtz stated that her resignation is not related to any disagreements or disputes with management of the companies. 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. Subject to approval, the common stock would begin trading during the third quarter. 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. 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 For AR Global REIT investors that purchased AR Global for $25 a share, this is a considerable loss. Further, brokers are required to fully and accurately describe the risks and rewards of the investments they offer. According to the news source. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Shares of Healthcare Trust Inc. REIT could be worth as little as $5 or less. 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. The offer is in response to an unsolicited offer from MacKenzie Capital Management, LP$12.11 per share All copies must include this copyright statement. AR Global's Healthcare Trust Declares Annual NAV Per Share While REITs are often marketed as low-risk, high yield investments, FINRA and the SEC have recently increased scrutiny into the marketing of these investments. Two weeks ago, ARCP released six quarters of restated financials and is moving on under new management in Phoenix. 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. The company's previous NAV per share was $17.50 as of December 31, 2018, and shares were . 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. 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. 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. 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. 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. 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 invested in the Healthcare Trust REIT, you may have a claim. The firm has successfully litigated against some of the largest companies in the United States, and has recovered more than a billion dollars on clients behalf. 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. Private Placement Investors Attorney Are you concerned about a private placement investment you made with your financial advisor? 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. Meanwhile, its former sister company, American Realty Capital Healthcare Trust, Inc. completed its merger with Ventas, Inc. the largest healthcare REIT in the United States, in mid-January. By the time of the closing, it had risen to $13.12 per ARC Healthcare Trust stock. The real estate capital markets, while somewhat volatile, still offer, in our opinion, the best strategic alternative to monetize value for our stakeholders, while not foreclosing other options.. This is because non-traded REITs are not on the exchanges. 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. Unfortunately, American Realty Capital REITs have had less than stellar results for investors. 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). Privacy Policy | Terms & Conditions | Contact. EIn addition, most investors are caught off guard by the losses until they sell. Once her resignation becomes effective, Jason Doyle will succeed her as CFO, secretary and treasurer of both companies. We represent investors on a contingency fee basis, meaning there are no upfront costs or fees to you. The number of shares paid will continue to be based on the prior cash distribution rate of $0.85 per share per year, the company said. Shares of Healthcare Trust Inc. originally sold for $25.00 per share. Get Free Stock Picks, Macro Market Events & Options Strategies. 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 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. Healthcare Trust Inc. Secondary Market Price $16.99/share 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. 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. Moreover, the total commissions and expenses make it difficult for non-traded REITs to perform in line with the market. 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. HTI invests in multi-tenant medical office buildings and, as of year-end 2017, owned a portfolio consisting of 8.4 million-square-feet including 164 properties, with a total purchase price of $2.3 . Even if the NAV was accurate, this could represent a decline of over 40% of the investors principal. 5 Big Reasons JNJ Is A Buy. Our lawyers provide free confidential case evaluations, and we never charge any fees or costs unless you first recover. You should consult an attorney for individual advice regarding your own situation. Non-traded REITs are not traded on the public securities exchange, meaning that these REITs can often be illiquid. Healthcare Trust Inc. - HTI - Shareholder Lawsuits - The White Law 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. 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. The DI Wire reports that, as of December 31, 2018, the companys NAV per share was $17.50. 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. NNOX Stock: Time to Buy, Analysis, Financial and Competitors (NASDAQ: NNOX), Johnson & Johnson Stock Corrects. Real estate investment trusts (REITs)are complex and inherently risky products. They will pay nearly $43.1 million if all shares in the current tender offer. 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 offer is in response to an unsolicited offer from MacKenzie Capital Management, LP and certain of its affiliates to stockholders of the Company to purchase up to 2,000,000 shares of the Companys common stock, par value $0.01 per share at a price of $12.11 per share in cash. 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. There were substantial conflicts among the interests of our investors, our interests and the interests of our advisor, sponsor, dealer manager and our and their respective affiliates, which could result in decisions that are not in the best interests of our stockholders. Healthcare Trust, Inc. (HTI) - Investor Alert - UPDATED - Galvin Legal 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. Blog, Current Investigations. Healthcare Trust Inc. was originally offered as an emerging growth company. Announces Release Date for Fourth Quarter and Full Year 2022 Results, American Strategic Investment Co. My in-laws lost their retirement funds to a dishonest broker. If your advisor recommended any Healthcare Trust Inc., you may have a legal right to bring a claim to recover your losses. Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 200 properties, as of the second quarter of 2020. 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. The DI Wire is the definitive news source for the illiquid alternative investment industry. Healthcare Trust is closed to all new investments. 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 tofilingswith 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. 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. When the transaction was announced in June, it was expected Ventas would pay $2.6 billion in stock and cash. 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. These restrictions will continue to apply unless certain conditions related to liquidity and leverage are met. Scott is admitted to practice in New York and Florida and the firms FINRA arbitration attorneys represents investors nationwide. Once the listing occurs, the company would change its name to Healthcare Trust, Inc. (NYSE: JNJ). For more information, please read our full disclaimer. The original offering price was$25.00/share. 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.). Free AlphaBetaStock's Cheat Sheet (No CC)! When the transaction was announced in June, it was expected Ventas would pay $2.6 billion in stock and cash. In addition to the high risks, non-traded REITs, likeHealthcare Trust Inc.,often lack liquidity. Alts News; AR Global's Healthcare Trust Prices Preferred Stock Offering. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. Copyright 2023 Healthcare Trust Inc. All Rights Reserved. Many investors have reported being unable to redeem their shares fromnon-traded REITsand remain stuck in these uncertain investments as a result. Home | AR Global AR Global Non-Traded REITs Problems Similar to AR Global REIT. Previous NAVs per share were $15.75 per share as of December 31, 2019, and $17.50 per share as of December 31, 2018. 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. 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. 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. AR Global's Healthcare Trust Gets 50% Offer By Comrit 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 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. The DI Wire is the definitive news source for the illiquid alternative investment industry. Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 193 properties, as of the fourth quarter of 2019. Shares of the Healthcare Trust REIT were originally priced at $25 per share. 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. 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. All Rights Reserved. To learn more about the firms investigation of Healthcare Trust Inc. please see: Healthcare Trust Inc. (ARC Healthcare Trust II) Decrease in Value *UPDATED*. Additionally, the companys recently amended credit facility restricts the REIT from repurchasing shares or paying cash distributions to holders of common stock until at least the second quarter of 2021. Portfolio | Healthcare Trust Inc. According to one secondary market website, shares of Healthcare Trust Inc. have recently been sold for as low as $5.00/per share. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance. As such, it was subject to significant risks including: Investments in Healthcare Trust Inc. REIT were not suitable for all investors. Since then, the share price has decreased dramatically, reaching an estimated net asset value (NAV) of $15.75 as of December 31, 2019. These REITs include: If you invested in any of these REITs, or others, we may be able to help. As of Dec. 31, the REIT had 118 assets and about 6.3 million square feet. 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. AR Global's Healthcare Trust, Inc. Subject of $10.99/Share Tender Offer Files Chapter 11 Bankruptcy, Lucira Health Inc. The Necessity Retail REIT (NASDAQ: RTL) is the preeminent real estate investment trust (REIT) focused "Where America Shops", American Strategic Investment Co. 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. 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. Healthcare Trust, Inc. is a non-traded real estate investment trustsponsored by AR Global. 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. ARC Healthcare Trust II to List on Stock Exchange, Change Name All copies must include this copyright statement. The NAV then decreased dramatically, reaching $15.75 per share as of December 31, 2019. His departures came after an accounting scandal was disclosed in October at ARCP. AR Global's Healthcare Trust Changes Common Stock Dividend Policy
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