You also can request a free private and confidential evaluation by clicking Free & Confidential Consult. American Finance Trust is focused on managing and acquiring a portfolio of single and multi-tenant properties that are service-retail focused. The purchase price in the MacKenzie Offer is $9.34 per Share, or 44%, lower than the Estimated Per-Share NAV. 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 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. 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. You should consult an attorney for individual advice regarding your own situation. Unfortunately for many investors, it appears that the secondary market price would represent significant losses on their initial capital investment. 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. August 18, 2020 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. By the time of the closing, it had risen to $13.12 per ARC Healthcare Trust stock. Gibbs Law Groupsfinancial fraudandsecurities lawyershave more than two decades of experience prosecuting fraud. It said the assets included medical office buildings, seniors housing and other health-care related facilities. To contact us for a free confidential consult, you can call us at (800) 277-1193. 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 original offering price was$25.00/share. 2015 by The White Law Group, LLC All rights reserved. Written by The White Law Group March 14, 2018 involving Healthcare Trust Inc. (ARC Healthcare Trust II) and the liability broker dealers may have improperly recommending it to investors. Ruchi has an Accounting and Graduate Degree in Business from the International School and Business and Media. 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. 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. Investors must rely on the sponsors to provide a net asset value. Listing Healthcare Trust II is an important strategic step to enhance long-term shareholder value and create liquidity, CEO Thomas DArcy said in the release. 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. 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. For more information on The White Law Group, visitwww.whitesecuritieslaw.com. Scott is admitted to practice in New York and Florida and the firms FINRA arbitration attorneys represents investors nationwide. This field is for validation purposes and should be left unchanged. The Companys board of directors is urging shareholders to reject Mackenzies offer, believing it is not in their best interest. Repurchases under the SRP were also suspended, effective August 12, 2020, and the board rejected all repurchase requests made since January 1, 2020. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Get a free and confidential consultation. Free AlphaBetaStock's Cheat Sheet (No CC)! His departures came after an accounting scandal was disclosed in October at ARCP. 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. Files Chapter 11 Bankruptcy, Lucira Health Inc. 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. 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. As such, it was subject to significant risks including: Investments in Healthcare Trust Inc. REIT were not suitable for all investors. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. 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. 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. Speak with a lawyer today to learn more about our REIT lawsuits. 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.). 2023 Commercial Property Executive. AR Globals Healthcare Trust Inc. Third Party Tender Offer: $7.99 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. Non-traded REITs are high risk, complex investments and are not suitable every investor. My in-laws lost their retirement funds to a dishonest broker. 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. 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. 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. 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. 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. Click here to visit The DI Wire directory sponsor page. Blog, Current Investigations. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance. (Learn more:Did your Financial Advisor Recommend Investing in Non-Traded REITs?). Non-traded REITs are not traded on the public securities exchange, meaning that these REITs can often be illiquid. Investment Losses? Many firms have notoriously sold REITs to 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. Unfortunately for many investors, it appears that the secondary market price would represent a significant loss on their initial capital investment. 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 HTI was incorporated on October 15, 2012, as a Maryland corporation that elected to be taxed as a real estate investment trust (REIT). 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 offer is in response to an unsolicited offer from MacKenzie Capital Management, LP$12.11 per share 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. Even if the NAV was accurate, this could represent a decline of over 40% of the investors principal. 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. Many investors are not fullyaware of the problems and risks associated with these investments before purchasing them. 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. 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. Real estate investment trusts (REITs)are complex and inherently risky products. 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). Healthcare Trust Investors may have lost a significant amount of their original investment, and may even remain stuck in the non-traded REIT. For more information on The White Law Group, visithttps://www.whitesecuritieslaw.com. The company's previous NAV per share was $17.50 as of December 31, 2018, and shares were . 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). 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. All copies must include this copyright statement. The White Law Group continues to investigate. 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. 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.. 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. 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. Read more about our results. Written by The White Law Group October 5, 2022 Comrit and its associates currently hold roughly 189k Healthcare Trust shares or approximately 0.2 percent of the outstanding. The DI Wire is the definitive news source for the illiquid alternative investment industry. 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. Click here to visit The DI Wire directory sponsor page. At that time, the ARC Healthcare Trust stock was valued at $11.3 for shareholders who wanted to cash out. 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. When the transaction was announced in June, it was expected Ventas would pay $2.6 billion in stock and cash. 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. UPDATE 4/10/2020: The board of Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has approved a $15.75 net asset value per share of the company's common stock, as of December 31, 2019. It is possible to file a FINRA Arbitration claim against the brokerage firm that sold you the investment. 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 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. 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. Shares were originally priced at $25.00 each. Once her resignation becomes effective, Jason Doyle will succeed her as CFO, secretary and treasurer of both companies. 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. 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. The June announcement came two months after ARC Healthcare Trust stock began trading on the NASDAQ under the symbol HCT. These REITs include: If you invested in any of these REITs, or others, we may be able to help. 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. EIn addition, most investors are caught off guard by the losses until they sell. Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 193 properties, as of the fourth quarter of 2019. Once the listing occurs, the company would change its name to Healthcare Trust, Inc. Future distributions to shareholders will be paid in shares of common stock instead of cash, and share repurchases under the SRP were suspended. This is because non-traded REITs are not on the exchanges. (NYSE: JNJ). 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. Unfortunately, many people that invested in non-traded real estate investment trusts (REIT) are experiencing major losses when they try to sell their investments. 1-866-861-5576 AR Global's Healthcare Trust REIT NAV Plummets Healthcare Trust is a non-traded REIT which invests in multi-tenant medical office buildings. 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. Eileen is involved in the firms securities practice and has over a decade of experience in the legal world. Shares of Healthcare Trust Inc. originally sold for $25.00 per share. 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. Subject to approval, the common stock would begin trading during the third quarter. Healthcare Trust, Inc. is a non-traded real estate investment trustsponsored by AR Global. 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. Last April, the Healthcare Trust board approved the net asset value per share of $17.50. 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. They will pay nearly $43.1 million if all shares in the current tender offer. 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.. 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. Two weeks ago, ARCP released six quarters of restated financials and is moving on under new management in Phoenix. 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. Unfortunately, in many cases, the high sales commission may provide some brokers with enough incentive to make unsuitable investment recommendations. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Shares were originally priced at $25.00 each. Thus, brokers who misrepresent the investments, or recommend unsuitable investments may be liable for losses suffered. In some cases, the value can be pennies on the dollar or not even a market for the investment anywhere. AR Global Healthcare Trust REIT Offer Comrit Investments 1 LP is a Tel Aviv-based securities and investment fund. Healthcare Trust REIT Lawsuit Investigation, Gender Discrimination against Transgender and Nonbinary People, Cole Credit Property Trust III (CCPT III). Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product. 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. 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. Contact us now for a free consultation! NNOX Stock: Time to Buy, Analysis, Financial and Competitors (NASDAQ: NNOX), Johnson & Johnson Stock Corrects. 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 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? Non-traded REITs are high risk, complex investments and are not suitable every investor. 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. Private Placement Investors Attorney Are you concerned about a private placement investment you made with your financial advisor? 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. If you invested in the Healthcare Trust REIT, you may have a claim. We represent investors on a contingency fee basis, meaning there are no upfront costs or fees to you. As of Dec. 31, the REIT had 118 assets and about 6.3 million square feet. Announces Release Date for Fourth Quarter and Full Year 2022 Results, American Strategic Investment Co. Ventas acquired ARC Healthcare Trust for $3.2 billion in a stock and cash deal. Shares of the Healthcare Trust REIT were originally priced at $25 per share. At that time, the ARC Healthcare Trust stock was valued at $11.3 for shareholders who wanted to cash out. 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. 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. 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. Michael has over 20 years of experience representing individual and small business plaintiffs against the worlds large financial institutions, including Visa, Mastercard, and Chase. Alts News; AR Global's Healthcare Trust Prices Preferred Stock Offering. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. (Learn more: Did your Financial Advisor Recommend Investing in Non-Traded REITs? 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. 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. 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. According to the last report, AR Healthcare Trust REIT invests in multi-tenant medical office buildings and has a portfolio of 193 properties. So the tender offer, which expires in April, offer nearly half the board's value. Your inquiry will be immediately reviewed by one of our attorneys who handles securities litigation. Many investors have reported being unable to redeem their shares fromnon-traded REITsand remain stuck in these uncertain investments as a result. The company launched its Series A Preferred Stock offering (Nasdaq: HTIA) in December 2019. Get Free Stock Picks, Macro Market Events & Options Strategies. 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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