$2.3 Billion REIT in Process of Hiring a Real Estate Investment Bank
By Mark Heschmeyer | April 25, 2016 | CoStar
Healthcare Trust Inc., a non-traded REIT, has initiated a strategic review of its options for maximizing shareholder value. Formerly operating as American Realty Capital Healthcare Trust II, the REIT focuses primarily on health care-related property, including medical office buildings (MOBs) and senior housing.
The independent directors of Healthcare Trust’s board are leading the review, and the entire board is in the process of hiring a real estate investment banker to serve as its financial advisor in evaluating its options.
“The steps we are taking represent our commitment to maximize value to our shareholders over the long term,” said Randolph Read, chairman of the REIT.
