At that time, the ARC Healthcare Trust stock was valued at $11.3 for shareholders who wanted to cash out. Get Free Stock Picks, Macro Market Events & Options Strategies. 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. According to recent SEC filings, the board of Healthcare Trust Inc. has approved a$17.50 net asset value per shareof the companys common stock as of December 31, 2018. Healthcare Trust Investors may have lost a significant amount of their original investment, and may even remain stuck in the non-traded REIT. 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. 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. ), For more information on The White Law Group, visit. AR Globals Healthcare Trust Inc. Third Party Tender Offer: $7.99 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. 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. 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. Contact our firm to learn more about your REIT fraud options. Michael has over 20 years of experience representing individual and small business plaintiffs against the worlds large financial institutions, including Visa, Mastercard, and Chase. The company launched its Series A Preferred Stock offering (Nasdaq: HTIA) in December 2019. 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. My in-laws lost their retirement funds to a dishonest broker. 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. 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. 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. 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. 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. 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. Future distributions to shareholders will be paid in shares of common stock instead of cash, and share repurchases under the SRP were suspended. His departures came after an accounting scandal was disclosed in October at ARCP. Speak with a lawyer today to learn more about our REIT lawsuits. 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. 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. Thus, brokers who misrepresent the investments, or recommend unsuitable investments may be liable for losses suffered. 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. 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. To learn more about the firms investigation of Healthcare Trust Inc. please see: Healthcare Trust Inc. (ARC Healthcare Trust II) Decrease in Value *UPDATED*. 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. Unfortunately, thousands of retail investors have bought non-traded REITs and private placement that are unaware of the risks. 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 . Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance. When the transaction was announced in June, it was expected Ventas would pay $2.6 billion in stock and cash. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance. According to DI Wire the most recently declared net asset value was $14.50 per 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.). 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.. 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. Click here to visit The DI Wire directory sponsor page. The company said it expected to spend the remainder of the proceeds by the end of March. 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. Investors looking to sell these investments often have difficulty finding a buyer, and if they are able to find one can suffer significant losses on the sale. The DI Wire reports that, as of December 31, 2018, the companys NAV per share was $17.50. 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. The DI Wire is the definitive news source for the illiquid alternative investment industry. Click here to visit The DI Wire directory page. 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 2023 Healthcare Trust Inc. All Rights Reserved. 2023 Commercial Property Executive. Healthcare Trust invests in multi-tenant medical office buildings and owned a $2.6 billion portfolio of 193 properties, as of the fourth quarter of 2020. As such, it was subject to significant risks including: Investments in Healthcare Trust Inc. REIT were not suitable for all investors. According to the last report, AR Healthcare Trust REIT invests in multi-tenant medical office buildings and has a portfolio of 193 properties. Files Chapter 11 Bankruptcy, Lucira Health Inc. Our firm is investigating AR Globals Healthcare Trust, Inc. on behalf of REIT investors. AR Global Healthcare Trust REIT Offer Comrit Investments 1 LP is a Tel Aviv-based securities and investment fund. 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. Investment Losses? Shares were originally priced at $25.00 each. Healthcare Trust, Inc. is a non-traded real estate investment trustsponsored by AR Global. (Learn more: Did your Financial Advisor Recommend Investing in Non-Traded REITs? Additional information about NYC can be found on its website at AmericanStrategicInvestment.com . 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. 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. 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. The DI Wire is the definitive news source for the illiquid alternative investment industry. 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. Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 200 properties, as of the third quarter of 2020. 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. 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. Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs as high as 15%. 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 Contact us now for a free consultation! You may have a claim. These restrictions will continue to apply unless certain conditions related to liquidity and leverage are met. 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. 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. This field is for validation purposes and should be left unchanged. Shares of Healthcare Trust Inc. originally sold for $25.00 per share. Unfortunately, American Realty Capital REITs have had less than stellar results for investors. Ventas acquired ARC Healthcare Trust for $3.2 billion in a stock and cash deal. 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. 5 Big Reasons JNJ Is A Buy. 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. 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. Many investors have reported being unable to redeem their shares fromnon-traded REITsand remain stuck in these uncertain investments as a result. (Learn more:Did your Financial Advisor Recommend Investing in Non-Traded REITs?). several years ago. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim. 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. 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. As of Dec. 31, the REIT had 118 assets and about 6.3 million square feet. Files Chapter 11 Bankruptcy, Lucira Health Inc. involving Healthcare Trust Inc. (ARC Healthcare Trust II) and the liability broker dealers may have improperly recommending it to investors. If your advisor recommended any Healthcare Trust Inc., you may have a legal right to bring a claim to recover your losses. 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. 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. 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. 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. 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.. Healthcare Trust, Inc. is a non-traded real estate investment trust sponsored by AR Global. Previous NAVs per share were $15.75 per share as of December 31, 2019, and $17.50 per share as of December 31, 2018. If you invested in the Healthcare Trust REIT, you may have a claim. 2015 by The White Law Group, LLC All rights reserved. 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. 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. So the tender offer, which expires in April, offer nearly half the boards value. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. We are the founder of Mass Torts Made Perfect. 6:41 pm The company launched its Series A Preferred Stock offering (Nasdaq: HTIA) in December 2019. See: Hospitality Investors Trust Inc. (HIT REIT) Files Chapter 11 Bankruptcy. 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. 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. Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 200 properties, as of the second quarter of 2020. In January, the healthcare REIT said it had completed a $2.1 billion non-listed public offering on Nov. 17 and invested approximately $1.84 billion in properties, including some under contract, by the end of 2014. Many investors are not fullyaware of the problems and risks associated with these investments before purchasing them. 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. 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 a free and confidential consultation. The company's previous NAV per share was $17.50 as of December 31, 2018, and shares were . Healthcare Trust Inc. was originally offered as an emerging growth company. 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. 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. The DI Wire is the definitive news source for the illiquid alternative investment industry. The White Law Group continues to investigate potential securities fraud claims involving broker-dealers improper recommendation that investors purchase high-risk non-traded REIT investments, likeHealthcare Trust Inc. Duff & Phelps LLC, an independent third-party real estate advisory firm, assisted with the valuation and provided an NAV per share range of $13.16 $14.96, with a midpoint of $14.03 per share which is $0.47 lower than the declared NAV per share. Shares were originally priced at $25.00 each. Written by The White Law Group October 5, 2022 American Finance Trust is focused on managing and acquiring a portfolio of single and multi-tenant properties that are service-retail focused. For AR Global REIT investors that purchased AR Global for $25 a share, this is a considerable loss. Gibbs Law Group is currently investigating a number of REITs on behalf of shareholders. The company indicated that the changes were made to preserve liquidity and maintain additional financial flexibility in light of the COVID-19 pandemic. According to Central Trade & Transfer, a secondary market website, shares of Healthcare Trust Inc. have recently been listed for$10.50/per share. Non-traded REITs are not traded on the public securities exchange, meaning that these REITs can often be illiquid. This included the fact that AR Global was the sponsor of nine other publicly offered programs. 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. All copies must include this copyright statement. 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). 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. 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). Repurchases under the SRP were also suspended, effective August 12, 2020, and the board rejected all repurchase requests made since January 1, 2020. 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. Privacy Policy | Terms & Conditions | Contact. 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 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. EIn addition, most investors are caught off guard by the losses until they sell. Last April, the Healthcare Trust board approved the net asset value per share of $17.50.
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