New Tender Offer $10.99 per share – Healthcare Trust Inc. Losses for Investors
The White Law Group is continuing our investigation in regards to the liability that some broker dealers may have for unsuitably recommending Healthcare Trust Inc., a real estate investment trust, to investors. If you have suffered from Healthcare Trust Inc. losses you may have recourse through FINRA Arbitration.
According to a letter to shareholders dated August 28, the board of Healthcare Trust Inc., a non-traded REIT sponsored by AR Global, is recommending that shareholders reject a new unsolicited mini- tender off from Mackenzie Realty Capital to purchase up to 1,000,000 shares of its stock.
The REIT’s board of directors believes that MacKenzie’s offer “represents yet another opportunistic attempt by MacKenzie to make a profit by purchasing shares at a low stock price and, as a result, deprive stockholders who tender their HTI shares of the potential opportunity to realize the long-term value of their investment in HTI.”
The MacKenzie $10.99 per share offer price is significantly less than Healthcare Trust’s current estimated per-share net asset value of $20.25 as of December 31, 2017, according to the letter. As we told you in March, the REIT extended a self-tender for up to 2,000,000 shares in March for $13.15 per share.
Unfortunately for investors, the tender offer price of $10.99 per share may represent a huge loss for shareholders, as the original offering price was $25.00 per share.
Liquidity Problems – Healthcare Trust Inc. Losses
Non-traded REITs such as Healthcare Trust Inc. are generally speculative, high risk investments and due to these risks are often unsuitable for most investors.
Investors looking to sell non-traded REITs, like Healthcare Trust Inc., often have difficulty finding a buyer, and can suffer significant losses on the sale.
If you are concerned about your Healthcare Trust Inc. losses or have lost money in another AR Global non-traded REIT and would like to discuss your recovery options, please call the securities attorneys of The White Law Group at (888) 637-5510 for a free, no risk consultation.
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 Franklin, Tennessee.
FINRA provides an arbitration forum for investors to resolve disputes. The White Law Group represents investors in FINRA arbitration claims throughout the country. Visit the firm’s homepage to learn more about the firm’s representation of investors.