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. 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. It is possible to file a FINRA Arbitration claim against the brokerage firm that sold you the investment. We may be able to file a FINRA Claim to recover damages you suffered due to the negligent or unsuitable recommendations from your broker. 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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. Previous NAVs per share were $15.75 per share as of December 31, 2019, and $17.50 per share as of December 31, 2018. 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. 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. Speak with a lawyer today to learn more about our REIT lawsuits. By the time of the closing, it had risen to $13.12 per ARC Healthcare Trust stock. NNOX Stock: Time to Buy, Analysis, Financial and Competitors (NASDAQ: NNOX), Johnson & Johnson Stock Corrects. According to DI Wire the most recently declared net asset value was $14.50 per share. Moreover, the total commissions and expenses make it difficult for non-traded REITs to perform in line with the market. The original purchase price of Healthcare Trust Inc. was $25/share. We represent investors on a contingency fee basis, meaning there are no upfront costs or fees to you. Further, brokers are required to fully and accurately describe the risks and rewards of the investments they offer. 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 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. Get Free Stock Picks, Macro Market Events & Options Strategies. To contact us for a free confidential consult, you can call us at (800) 277-1193. Non-traded REITs are high risk, complex investments and are not suitable every investor. Investors must rely on the sponsors to provide a net asset value. 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. Below are some of the emails and letters that our clients have sent us. 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. 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. 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 significant losses on their initial capital investment. Our lawyers provide free confidential case evaluations, and we never charge any fees or costs unless you first recover. Read more about what judges say about us. The company said it expected to spend the remainder of the proceeds by the end of March. At that time, the ARC Healthcare Trust stock was valued at $11.3 for shareholders who wanted to cash out. 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. Investor PresentationLatest 10-QLatest 10-K. American Strategic Investment Co. (NYSE:NYC), formerly known as New York City REIT is a publicly traded company listed on the NYSE that owns a portfolio of high-quality commercial real estate. 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. 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. If your advisor recommended any Healthcare Trust Inc., you may have a legal right to bring a claim to recover your losses. . 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. Thus, brokers who misrepresent the investments, or recommend unsuitable investments may be liable for losses suffered. 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. Another problem often associated with REIT recommendations is the high sales commissions brokers typically earn for selling REITs as high as 15%. Private Placement Investors Attorney Are you concerned about a private placement investment you made with your financial advisor? The DI Wire is the definitive news source for the illiquid alternative investment industry. 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. 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. 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. Click here to visit The DI Wire directory page. At that time, the ARC Healthcare Trust stock was valued at $11.3 for shareholders who wanted to cash out. 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. 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. Gibbs Law Group is currently investigating a number of REITs on behalf of shareholders. 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. 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. 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? 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. 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. involving Healthcare Trust Inc. (ARC Healthcare Trust II) and the liability broker dealers may have improperly recommending it to investors. Mr. Weil was named Healthcare Trust Inc.'s chief executive officer on August 23, 2018, which went into effect on September 12, 2018. Read more about our results. 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 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. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. 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. Unfortunately, many people that invested in non-traded real estate investment trusts (REIT) are experiencing major losses when they try to sell their investments. 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 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. 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. 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. The DI Wire reports that, as of December 31, 2018, the companys NAV per share was $17.50. Healthcare Trust Inc. Inc. recovery options, The White Law Group Files Lawsuit against Essex and Infinex, Healthcare Trust Inc. (ARC Healthcare Trust II) Declines, Healthcare Trust Inc. (HTI) Recovery of Investment Losses, AR Globals Healthcare Trust, Investment Losses, Pacific Oak Strategic Opportunity REIT Securities Investigation, Sorrento Therapeutics Inc. 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.. Copyright 2023 Healthcare Trust Inc. All Rights Reserved. To learn more about the firms investigation of Healthcare Trust Inc. please see: Investment Losses? Portfolio Property Map. EIn addition, most investors are caught off guard by the losses until they sell. This has led to an avalanche of lawsuits by investors against broker-dealers and investment firms to recover losses. 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. 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. 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. 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. You should consult an attorney for individual advice regarding your own situation. 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.. According to Central Trade & Transfer, a secondary market website, shares of Healthcare Trust Inc. have recently been listed for$10.50/per share. Shares were originally priced at $25.00 each. 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. 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. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Occupancy was approximately 91 percent and the average remaining lease term was 10 years. To learn more about the firms investigation of Healthcare Trust Inc. please see: Healthcare Trust Inc. (ARC Healthcare Trust II) Decrease in Value *UPDATED*. Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product. 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. Previous NAVs per share were $15.75 per share as of December 31, 2019, and $17.50 per share as of December 31, 2018. Shares of the Healthcare Trust REIT were originally priced at $25 per share. 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. 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. 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 DI Wire is the definitive news source for the illiquid alternative investment industry. Unfortunately, American Realty Capital REITs have had less than stellar results for investors. For more information, please read our full disclaimer. 6:41 pm 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? 5 Big Reasons JNJ Is A Buy. Shares of Healthcare Trust Inc. originally sold for $25.00 per share. 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. According to the last report, AR Healthcare Trust REIT invests in multi-tenant medical office buildings and has a portfolio of 193 properties. 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. The company indicated that the changes were made to preserve liquidity and maintain additional financial flexibility in light of the COVID-19 pandemic. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance. Michael has over 20 years of experience representing individual and small business plaintiffs against the worlds large financial institutions, including Visa, Mastercard, and Chase. 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. Healthcare Trust Inc. was originally offered as an emerging growth company. All copies must include this copyright statement. 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. 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. Get a free and confidential consultation. Unfortunately, American Realty Capital REITs have had less than stellar results for investors. Healthcare Trust, Inc. is a non-traded real estate investment trust sponsored by AR Global. 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 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. 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. The companys most recent NAV per share is $15.75 as of December 31, 2019, and shares were originally priced at $25.00 each. The valuation represents a decrease of nearly 13.6 percent compared to last years NAV per share of $20.25. Many investors are not fullyaware of the problems and risks associated with these investments before purchasing them. These REITs include: If you invested in any of these REITs, or others, we may be able to help. 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). 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. December 3, 2021 The real estate assets decreased by ($0.21) per share compared to last year, due to a 3.5 percent decrease below their original investment cost of $2.7 billion, as well as subsequent capital expenditures of $53 million at the properties. The Board of Directors reportedly updated its Net Asset Value per share as of December 31, 2021. Alts News; AR Global's Healthcare Trust Prices Preferred Stock Offering. These restrictions will continue to apply unless certain conditions related to liquidity and leverage are met. Investment Losses? Once the listing occurs, the company would change its name to Healthcare Trust, Inc. 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. 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. Scott is admitted to practice in New York and Florida and the firms FINRA arbitration attorneys represents investors nationwide. 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. 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. 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. Even if the NAV was accurate, this could represent a decline of over 40% of the investors principal. 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 company's previous NAV per share was $17.50 as of December 31, 2018, and shares were . Davids advocacy has generated major recoveries for consumers impacted by financial fraud. 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. 2023 Commercial Property Executive. See: Hospitality Investors Trust Inc. (HIT REIT) Files Chapter 11 Bankruptcy. 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. Schorsch, who remains as chairman of the AR Capital investment firm, had resigned in December from ARCP and the boards of 13 companies. 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. 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. AR Global Healthcare Trust REIT Offer Comrit Investments 1 LP is a Tel Aviv-based securities and investment fund. 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 DI Wire is the definitive news source for the illiquid alternative investment industry. 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. 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 . 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. 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. Non-Traded REITs Problems Similar to AR Global REIT. 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. 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, 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. 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. She received her law degree from American University in 2005. The Companys board of directors is urging shareholders to reject Mackenzies offer, believing it is not in their best interest. Kurtz stated that her resignation is not related to any disagreements or disputes with management of the companies.