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ARC Healthcare Trust III in Strategic Transaction Talks with Affiliate

June 22, 2016

 

 


ARC Healthcare Trust III in Strategic Transaction Talks with Affiliate

June 21, 2016 | DIWire

Close up of hands of business people during a meeting

American Realty Capital Healthcare Trust III, Inc., a publicly registered non-traded REIT sponsored by AR Global, the successor business to AR Capital, is discussing a potential strategic transaction with an affiliate of its sponsor.

Healthcare Trust III’s special committee along with its financial adviser, SunTrust Robinson Humphrey Inc., are in talks with the special committee and financial advisor of the unnamed affiliated company. The REIT indicated that although the discussions have progressed since the unsolicited proposal was received, there is currently no agreement with any party.

As previously reported by The DI Wire, AR Global is seeking to consolidate seven of its real estate investment trusts with nearly $10.5 billion in assets.

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Gordon Dunne
September 30, 2019

“Always, but especially in this day of lawsuits and ever increasing regulations, the responsibility for a financial advisor t do their own due diligence on products they sell falls squarely on themselves. No one is going to take greater interest in protecting their practice than they are. We use the Blue Vault Partners Nontraded REIT Review to keep us informed of the performance of every single nontraded REIT. Finally, complete transparency is available for advisors using nontraded REITs. Every advisor using REITs in their practice should make the small annual investment of subscribing to Blue Vault’s reporting services.”