Non-Traded REITs Problems Similar to AR Global REIT. 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. Kurtz stated that her resignation is not related to any disagreements or disputes with management of the companies. Two AR Global REITs Appoint New CFO Following Resignation, Click here to subscribe to our Daily News Updates, SEC Obtains Judgment Against Former LPL Broker that Ran $5 Million Ponzi Scheme, CNL Healthcare Urges Shareholders to Reject Comrit Tender Offer, 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. Comrit Investments 1 LP is a Tel Aviv-based securities and investment fund. 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. 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. Gibbs Law Group is currently investigating a number of REITs on behalf of shareholders. The purchase price in the MacKenzie Offer is $9.34 per Share, or 44%, lower than the Estimated Per-Share NAV. Unfortunately, thousands of retail investors have bought non-traded REITs and private placement that are unaware of the risks. With non-traded REIT, the prices are not transparent and easily seen on exchanges such as the New York Stock Exchange or NASDAQ. Non-traded REITs are high risk, complex investments and are not suitable every investor. Healthcare Trust Inc. is a publicly registered non-traded real estate investment trust sponsored by AR Global. The amount we charge is based on how much we recover for you. 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. MacKenzies offer expires on April 3, 2018 (unless extended). Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 200 properties, as of the second quarter of 2020. Portfolio | Healthcare Trust Inc. Davids advocacy has generated major recoveries for consumers impacted by financial fraud. 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. 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. 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. 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. The company said it expected to spend the remainder of the proceeds by the end of March. So the tender offer, which expires in April, offer nearly half the boards value. These REITs include: If you invested in any of these REITs, or others, we may be able to help. 5 Big Reasons JNJ Is A Buy. Once her resignation becomes effective, Jason Doyle will succeed her as CFO, secretary and treasurer of both companies. 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. AR Global Healthcare Trust REIT Offer Comrit Investments 1 LP is a Tel Aviv-based securities and investment fund. 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. 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. 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. Privacy Policy | Terms & Conditions | Contact. Investment Strategy | Healthcare Trust Inc. 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. 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. Announces Final Results of Rights Offering for Common Stock, GLOBAL NET LEASE REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS, GLOBAL NET LEASE ANNOUNCES RELEASE DATE FOR FOURTH QUARTER AND FULL YEAR 2022 RESULTS, Healthcare Trust Announces Preferred Stock Dividends, Healthcare Trust, Inc. Third Quarter 2022 Webcast, THE NECESSITY RETAIL REIT COMPLETES $70 MILLION STOP & SHOP DISPOSITION, THE NECESSITY RETAIL REIT ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 RESULTS. The White Law Group continues to investigate. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. By the time of the closing, it had risen to $13.12 per ARC Healthcare Trust 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. AR Global's Healthcare Trust Names New CFO, Secretary, and Treasurer 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. For more information on The White Law Group, visitwww.whitesecuritieslaw.com. 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 AR Global's Healthcare Trust Changes Distribution Policy and Suspends Last April, the Healthcare Trust board approved the net asset value per share of $17.50. 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 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. Shares of Healthcare Trust Inc. originally sold for $25.00 per share. Even if the NAV was accurate, this could represent a decline of over 40% of the investors principal. Free AlphaBetaStock's Cheat Sheet (No CC)! 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. Shares were originally priced at $25.00 each. 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. 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. 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. The DI Wire is the definitive news source for the illiquid alternative investment industry. The Necessity Retail REIT (NASDAQ: RTL) is the preeminent real estate investment trust (REIT) focused "Where America Shops", American Strategic Investment Co. The June announcement came two months after ARC Healthcare Trust stock began trading on the NASDAQ under the symbol HCT. 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 contingency fee we charge ranges from 20% to 40%. 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. At that time, the ARC Healthcare Trust stock was valued at $11.3 for shareholders who wanted to cash out. Executive Management | Healthcare Trust Inc. This included the fact that AR Global was the sponsor of nine other publicly offered programs. For more information on The White Law Group, visithttps://www.whitesecuritieslaw.com. AR Global's Healthcare Trust Gets 50% Offer By Comrit No further repurchase requests may be made unless the SRP is reactivated, the company said. 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? 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. 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. Copyright 2023 Healthcare Trust Inc. All Rights Reserved. December 3, 2021 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. 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. 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 . AR Globals Healthcare Trust Inc. Third Party Tender Offer: $7.99 per share. 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. To review a summary of our fees and costs, click Fees & Costs. 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. As such, it was subject to significant risks including: Investments in Healthcare Trust Inc. REIT were not suitable for all investors. American Finance Trust is focused on managing and acquiring a portfolio of single and multi-tenant properties that are service-retail focused. 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. The company launched its Series A Preferred Stock offering (Nasdaq: HTIA) in December 2019. Healthcare Trust REIT Lawsuits | Recover Your AR Global REIT Losses 6:41 pm It said the assets included medical office buildings, seniors housing and other health-care related facilities. 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. April 4, 2022 The Companys board of directors is urging shareholders to reject Mackenzies offer, believing it is not in their best interest. Read more about what judges say about us. 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. Healthcare Trust REIT Lawsuit Investigation, Gender Discrimination against Transgender and Nonbinary People, Cole Credit Property Trust III (CCPT III). 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. These restrictions will continue to apply unless certain conditions related to liquidity and leverage are met. Healthcare Trust invests in healthcare-related real estate and owns a $2.6 billion portfolio of 202 properties located in 33 states and comprised of 9.2 million rentable square feet, as of the fourth quarter of 2021. Ruchi has an Accounting and Graduate Degree in Business from the International School and Business and Media. 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 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. 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. 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. Healthcare Trust Losses | Secondary Price Continues to Drop In some cases, the value can be pennies on the dollar or not even a market for the investment anywhere. 2015 by The White Law Group, LLC All rights reserved. 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. Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 200 properties, as of the third quarter of 2020. Contact our firm to learn more about your REIT fraud options. Previous NAVs per share were $15.75 per share as of December 31, 2019, and $17.50 per share as of December 31, 2018. 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. 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. 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. 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. You should consult an attorney for individual advice regarding your own situation. Click here to visit The DI Wire directory sponsor page. 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. Unfortunately for many investors, it appears that the secondary market price would represent significant losses on their initial capital investment. Healthcare Trust invests in multi-tenant medical office buildings and owned a portfolio of 193 properties, as of the fourth quarter of 2019. Investors must rely on the sponsors to provide a net asset value. Ventas acquired ARC Healthcare Trust for $3.2 billion in a stock and cash deal. 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. 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. Secondary Market Sales $15.75/Share Portfolio Property Map. AR Global's Healthcare Trust Inc. Losses Updated 1/29/20- 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. Shares were originally priced at $25.00 each. 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 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. 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. The company indicated that the changes were made to preserve liquidity and maintain additional financial flexibility in light of the COVID-19 pandemic. Written by The White Law Group October 5, 2022 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. This field is for validation purposes and should be left unchanged. Thus, brokers who misrepresent the investments, or recommend unsuitable investments may be liable for losses suffered. All copies must include this copyright statement. According to the news source. . To contact us for a free confidential consult, you can call us at (800) 277-1193. several years ago. You should consult an attorney for individual advice regarding your own situation. 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. Scott is admitted to practice in New York and Florida and the firms FINRA arbitration attorneys represents investors nationwide. To learn more about the firms investigation of Healthcare Trust Inc. please see: Investment Losses? 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. 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. 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. 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. For AR Global REIT investors that purchased AR Global for $25 a share, this is a considerable loss. Speak with a lawyer today to learn more about our REIT lawsuits. Two weeks ago, ARCP released six quarters of restated financials and is moving on under new management in Phoenix. For more information, please read our full disclaimer. Last April, the Healthcare Trust board approved the net asset value per share of $17.50. Moreover, the total commissions and expenses make it difficult for non-traded REITs to perform in line with the market. Our firm is investigating AR Globals Healthcare Trust, Inc. on behalf of REIT investors. Blog, Current Investigations. Subject to approval, the common stock would begin trading during the third quarter. 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. 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. Healthcare Trust, Inc. is a non-traded real estate investment trustsponsored by AR Global. 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. So the tender offer, which expires in April, offer nearly half the board's value. involving Healthcare Trust Inc. (ARC Healthcare Trust II) and the liability broker dealers may have improperly recommending it to investors. 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. Many investors are not fullyaware of the problems and risks associated with these investments before purchasing them. Unfortunately, American Realty Capital REITs have had less than stellar results for investors. Files Chapter 11 Bankruptcy, Lucira Health Inc. Repurchases under the SRP were also suspended, effective August 12, 2020, and the board rejected all repurchase requests made since January 1, 2020. Gibbs Law Groupsfinancial fraudandsecurities lawyershave more than two decades of experience prosecuting 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. 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. 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. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. 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. Is it a Buy? He was named to the Top 40 Under 40 by Daily Journal and a Rising Star in Class Actions by Law360. 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. See: Hospitality Investors Trust Inc. (HIT REIT) Files Chapter 11 Bankruptcy. They will pay nearly $43.1 million if all shares in the current tender offer. AR Global's Healthcare Trust Declares Annual NAV Per Share (Learn more:Did your Financial Advisor Recommend Investing in Non-Traded REITs?). August 18, 2020 Speak with a lawyer to find out if you have a claim. See: Hospitality Investors Trust Inc. (HIT REIT) Files Chapter 11 Bankruptcy. 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.