It is possible to file a FINRA Arbitration claim against the brokerage firm that sold you the investment. Even if the NAV was accurate, this could represent a decline of over 40% of the investors principal. AR Global's Healthcare Trust Gets 50% Offer By Comrit Since then, the share price has decreased dramatically, reaching an estimated net asset value (NAV) of $15.75 as of December 31, 2019. Shares of the Healthcare Trust REIT were originally priced at $25 per share. Read more about our results. The White Law Group continues to investigate. 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. 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. Shares of Healthcare Trust Inc. REIT could be worth as little as $5 or less. 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. April 4, 2022 All Rights Reserved. You also can request a free private and confidential evaluation by clicking Free & Confidential Consult. For AR Global REIT investors that purchased AR Global for $25 a share, this is a considerable loss. Unfortunately for many investors, it appears that the secondary market price would represent a significant loss on their initial capital investment. Written by The White Law Group October 5, 2022 Michael has over 20 years of experience representing individual and small business plaintiffs against the worlds large financial institutions, including Visa, Mastercard, and Chase. It said the assets included medical office buildings, seniors housing and other health-care related facilities. Thus, brokers who misrepresent the investments, or recommend unsuitable investments may be liable for losses suffered. 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. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. The company launched its Series A Preferred Stock offering (Nasdaq: HTIA) in December 2019. 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 companys common stock, as of December 31, 2021. American Finance Trust is focused on managing and acquiring a portfolio of single and multi-tenant properties that are service-retail focused. Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs as high as 15%. 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. Unfortunately, thousands of retail investors have bought non-traded REITs and private placement that are unaware of the risks. 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. 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. With non-traded REIT, the prices are not transparent and easily seen on exchanges such as the New York Stock Exchange or NASDAQ. 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. 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. 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. Executive Management | Healthcare Trust Inc. Healthcare Trust REIT Lawsuit Investigation, Gender Discrimination against Transgender and Nonbinary People, Cole Credit Property Trust III (CCPT III). Healthcare Trust Investors may have lost a significant amount of their original investment, and may even remain stuck in the non-traded REIT. 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. The DI Wire is the definitive news source for the illiquid alternative investment industry. Real estate investment trusts (REITs)are complex and inherently risky products. The June announcement came two months after ARC Healthcare Trust stock began trading on the NASDAQ under the symbol HCT. 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. 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. No further repurchase requests may be made unless the SRP is reactivated, the company said. 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 company said it expected to spend the remainder of the proceeds by the end of March. 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. 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. Shares of Healthcare Trust Inc. originally sold for $25.00 per share. Get a free and confidential consultation. 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. 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. 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. Moreover, the total commissions and expenses make it difficult for non-traded REITs to perform in line with the market. Two weeks ago, ARCP released six quarters of restated financials and is moving on under new management in Phoenix. 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. 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. 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 | Healthcare Trust Inc. 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. (NYSE: JNJ). He was named to the Top 40 Under 40 by Daily Journal and a Rising Star in Class Actions by Law360. Below are some of the emails and letters that our clients have sent us. Files Chapter 11 Bankruptcy, Lucira Health Inc. These restrictions will continue to apply unless certain conditions related to liquidity and leverage are met. Our firm is investigating AR Globals Healthcare Trust, Inc. on behalf of REIT 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. To learn more about the firms investigation of Healthcare Trust Inc. please see: Investment Losses? Speak with a lawyer to find out if you have a claim. Further, brokers are required to fully and accurately describe the risks and rewards of the investments they offer. The Companys board of directors is urging shareholders to reject Mackenzies offer, believing it is not in their best interest. These types of investments are only supposed to be sold to accredited investors. You should consult an attorney for individual advice regarding your own situation. Portfolio Property Map. 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. The original purchase price of Healthcare Trust Inc. was $25/share. Blog, Current Investigations. So the tender offer, which expires in April, offer nearly half the board's value. 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. Occupancy was approximately 91 percent and the average remaining lease term was 10 years. 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. Her focus at AlphaBetaStock.com is research breaking stocks and investment stories. 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. The Board of Directors reportedly updated its Net Asset Value per share as of December 31, 2021. Two AR Global REITs Appoint New CFO Following Resignation 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. 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. 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. AR Global's Healthcare Trust Inc. Losses Updated 1/29/20- 6:41 pm 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. 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. (HTI) - Investor Alert - UPDATED - Galvin Legal 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. See: Hospitality Investors Trust Inc. (HIT REIT) Files Chapter 11 Bankruptcy. 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. 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, divided by approximately 94.3 million shares of common stock outstanding as of December 31, 2020. The company's previous NAV per share was $17.50 as of December 31, 2018, and shares were . Many firms have notoriously sold REITs to investors. The amount we charge is based on how much we recover for you. 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. Healthcare Trust Inc. Secondary Market Sales $15.75/Share 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.. Alts News; AR Global's Healthcare Trust Prices Preferred Stock Offering. Healthcare Trust Inc. Secondary Market Price $16.99/share All copies must include this copyright statement. To learn more about the firms investigation of Healthcare Trust Inc. please see: Healthcare Trust Inc. (ARC Healthcare Trust II) Decrease in Value *UPDATED*. As such, it was subject to significant risks including: Investments in Healthcare Trust Inc. REIT were not suitable for all investors. The contingency fee we charge ranges from 20% to 40%. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Healthcare Trust Inc. REIT Lawsuits - Compensation & Help Last April, the Healthcare Trust board approved the net asset value per share of $17.50. NNOX Stock: Time to Buy, Analysis, Financial and Competitors (NASDAQ: NNOX), Johnson & Johnson Stock Corrects. 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 offer is in response to an unsolicited offer from MacKenzie Capital Management, LP$12.11 per share The DI Wire is the definitive news source for the illiquid alternative investment industry. 10:45 am Many investors have reported being unable to redeem their shares fromnon-traded REITsand remain stuck in these uncertain investments as a result. ARC Healthcare Trust II to List on Stock Exchange, Change Name 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 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. 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. 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. Healthcare Trust Inc. is a publicly registered non-traded REIT (real estate investment trust) that was sponsored by AR Global. Privacy Policy | Terms & Conditions | Contact. Repurchases under the SRP were also suspended, effective August 12, 2020, and the board rejected all repurchase requests made since January 1, 2020. 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.
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