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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. At that time, the ARC Healthcare Trust stock was valued at $11.3 for shareholders who wanted to cash out. 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. For more information on The White Law Group, visithttps://www.whitesecuritieslaw.com. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. The valuation represents a decrease of nearly 13.6 percent compared to last years NAV per share of $20.25. Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 200 properties, as of the third quarter of 2020. Shares were originally priced at $25.00 each. 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 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. You should consult an attorney for individual advice regarding your own situation. 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. This field is for validation purposes and should be left unchanged. 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. So the tender offer, which expires in April, offer nearly half the boards value. 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. (Learn more:Did your Financial Advisor Recommend Investing in Non-Traded REITs?). Speak with a lawyer today to learn more about our REIT lawsuits. In some cases, the value can be pennies on the dollar or not even a market for the investment anywhere. To learn more about the firms investigation of Healthcare Trust Inc. please see: Investment Losses? The amount we charge is based on how much we recover for you. Gibbs Law Group is currently investigating a number of REITs on behalf of shareholders. This is because non-traded REITs are not on the exchanges. 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. According to DI Wire the most recently declared net asset value was $14.50 per share. These REITs include: If you invested in any of these REITs, or others, we may be able to help. Your inquiry will be immediately reviewed by one of our attorneys who handles securities litigation. Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs as high as 15%. 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. 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. Unfortunately for investors it appears that many financial advisors/brokerage firms that sold non-traded REITs such as Healthcare Trust Inc. may have understated or misrepresented the risks and liquidity problems. 2023 Commercial Property Executive. 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. We may be able to file a FINRA Claim to recover damages you suffered due to the negligent or unsuitable recommendations from your broker. Healthcare Trust is closed to all new investments. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance. 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. 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. 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. Gibbs Law Groupsfinancial fraudandsecurities lawyershave more than two decades of experience prosecuting fraud. Ventas acquired ARC Healthcare Trust for $3.2 billion in a stock and cash deal. Occupancy was approximately 91 percent and the average remaining lease term was 10 years. Healthcare Trust Inc. is a publicly registered non-traded real estate investment trust sponsored by AR Global. 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. Michael has over 20 years of experience representing individual and small business plaintiffs against the worlds large financial institutions, including Visa, Mastercard, and Chase. 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 indicated that the changes were made to preserve liquidity and maintain additional financial flexibility in light of the COVID-19 pandemic. Read more about what judges say about us. 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. 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. 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. It is possible to file a FINRA Arbitration claim against the brokerage firm that sold you the investment. Comrit Investments 1 LP is a Tel Aviv-based securities and investment fund. For more information, please visit our About Us section. Brokers have an obligation to make investment recommendations that are consistent with their clients risk tolerance, net worth, investment objectives and experience in the market. 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. 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. Mr. Weil was named Healthcare Trust Inc.'s chief executive officer on August 23, 2018, which went into effect on September 12, 2018. 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. For AR Global REIT investors that purchased AR Global for $25 a share, this is a considerable loss. 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. Silver Law Group is a team of securities lawyers, forensic accountants, and support staff who are dedicated to helping investors recover losses through securities arbitration and litigation. 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. 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. 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. Unfortunately for many investors, it appears that the secondary market price would represent significant losses on their initial capital investment. In addition to the high risks, non-traded REITs, likeHealthcare Trust Inc.,often lack liquidity. Regeneron stock (NASDAQ: REGN) Jumps Up. 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. As of Dec. 31, the REIT had 118 assets and about 6.3 million square feet. 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. 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. My in-laws lost their retirement funds to a dishonest broker. Ruchi has an Accounting and Graduate Degree in Business from the International School and Business and Media. Below are some of the emails and letters that our clients have sent us. To contact us for a free confidential consult, you can call us at (800) 277-1193. 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. To review a summary of our fees and costs, click Fees & Costs. The board of Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has approved a net asset value per share of the companys common stock, as of December 31, 2020. 2015 by The White Law Group, LLC All rights reserved. Privacy Policy | Terms & Conditions | Contact. 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. According to Central Trade & Transfer, a secondary market website, shares of Healthcare Trust Inc. have recently been listed for$10.50/per share. 10:45 am Her focus at AlphaBetaStock.com is research breaking stocks and investment stories. April 4, 2022 Shares were originally priced at $25.00 each. The DI Wire is the definitive news source for the illiquid alternative investment industry. Many firms have notoriously sold REITs to investors. Non-traded REITs are not traded on the public securities exchange, meaning that these REITs can often be illiquid. All copies must include this copyright statement. 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. Written by The White Law Group March 14, 2018 The DI Wire is the definitive news source for the illiquid alternative investment industry. 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. Shares of Healthcare Trust Inc. originally sold for $25.00 per share. 5 Big Reasons JNJ Is A Buy. These types of investments are only supposed to be sold to accredited investors. It said the assets included medical office buildings, seniors housing and other health-care related facilities. 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. They will pay nearly $43.1 million if all shares in the current tender offer. 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. 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. Contact us now for a free consultation! Future distributions to shareholders will be paid in shares of common stock instead of cash, and share repurchases under the SRP were suspended. Healthcare Trust Inc. is a publicly registered non-traded real estate investment trust sponsored by AR Global. 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 board of Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has approved a $14.50 net asset value per share of the company's common stock, as of December 31, 2020. The 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. Written by The White Law Group October 5, 2022 If you invested in the Healthcare Trust REIT, you may have a claim. are complex and inherently risky products, Four Springs Capital Trust Withdraws Registration Statement, The Trouble with Private Placements Under Regulation D, Healthcare Trust Inc. HTI Shareholder Lawsuits, The White Law Group Files Lawsuit against Essex and Infinex, Pacific Oak Strategic Opportunity REIT Securities Investigation, Sorrento Therapeutics Inc. 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. We represent investors on a contingency fee basis, meaning there are no upfront costs or fees to you. However, the net asset value assigned by the non-traded REIT company is usually substantially less than what the investor can sell it for on a secondary market exchange. According to one secondary market website, shares of Healthcare Trust Inc. have recently been sold for as low as $5.00/per share. Get Free Stock Picks, Macro Market Events & Options Strategies. Healthcare Trust REIT Lawsuit Investigation, Gender Discrimination against Transgender and Nonbinary People, Cole Credit Property Trust III (CCPT III). 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. Is it a Buy? 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 (Learn more: Did your Financial Advisor Recommend Investing in Non-Traded REITs? When the transaction was announced in June, it was expected Ventas would pay $2.6 billion in stock and cash. The contingency fee we charge ranges from 20% to 40%. With non-traded REIT, the prices are not transparent and easily seen on exchanges such as the New York Stock Exchange or NASDAQ.