Name: Austin Gross
Item: Blue Vault Broker Dealer Educational Summit
Rating: 5
Author: Austin Gross

April 26, 2016

$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.

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Austin Gross

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February 23, 2019

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Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date.

In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock.

SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. The frequency, price, and limitations vary by investment program.

Suspended: The investment program has suspended its share repurchase or tender program.

None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term.

Healthcare Trust Reviewing Strategic Alternatives

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