ARC Healthcare Trust III in Strategic Transaction Talks with Affiliate
June 21, 2016 | DIWire
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.Go Back
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